BerGenBio

Director's Dealing • Jun 7, 2023

Mandatory notification of trade by Primary Insiders and close associates

Mandatory notification of trade by Primary Insiders and close associates

Bergen 7 June 2023: Reference is made to the stock exchange announcement

published by BerGenBio ASA (the "Company") on 30 May 2023, regarding the

commencement of the subscription period in the rights issue (the "Rights Issue")

and the receipt of subscription rights in the Rights Issue by certain primary

insiders and certain close associates of primary insiders of the Company.

As of this date, 7 June 2023, the Company has been informed that the following

primary insiders and close associates in the Company have exercised their

subscription rights, as set out below:

Anders Tullgren, Chairman of the Board of Directors of the Company, has on 5

June 2023, exercised 1,409,872 subscription rights in the Rights Issue,

entitling Anders Tullgren to be allocated 1,409,872 offer shares in the Rights

Issue at a price per offer share of NOK 0.10, subject to the Rights Issue being

completed.

Svev AS, a company closely associated to Sveinung Hole which is a member of the

Board of Directors of the Company, has on 6 June 2023 exercised 2,000,000

subscription rights in the Rights Issue, entitling Svev AS to be allocated

2,000,000 offer shares in the Rights Issue at a price per offer share of NOK

0.10, subject to the Rights Issue being completed.

As of this date, 7 June 2023, the Company has been informed that the following

primary insiders and close associates in the Company have sold subscription

rights, as set out below:

Sveinung Hole, member of the Board of Directors of the Company, has on 6 June

2023 sold 83,182 subscription rights of his total holding of 83,182 subscription

rights in the Rights Issue.

Svev AS, a company closely associated to Sveinung Hole which is a member of the

Board of Directors of the Company, has on 6 June 2023 sold 945,053 subscription

rights of its total holding of 2,945,053 subscription rights in the Rights

Issue.

Sarsia Seed AS, a company closely associated to Sveinung Hole which is a member

of the Board of Directors of the Company, has on 6 June 2023 sold 44,000,000

subscription rights of its total holding of 59,719,358 subscription rights in

the Rights Issue.

The following primary insiders and close associates in the Company have sold and

purchased shares in the Company, as set out below:

Sveinung Hole, member of the Board of Directors of the Company, has on 6 June

2023 sold 2,950 shares in the Company of his total holding of 2,950 shares in

the Company.

Svev AS, a company closely associated to Sveinung Hole who is a member of the

Board of Directors of the Company, has on 6 June 2023 purchased 2,950 shares in

the Company. In addition, Svev AS has on 6 June 2023 sold 107,394 shares in the

Company of its total holding of 107,394 shares in the Company.

Please see further details about the transactions in the attached forms.

This information is subject to the disclosure requirements pursuant to article

19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian

Securities Trading Act.