BerGenBio

Share Issue/Capital Change • May 11, 2020

BerGenBio ASA: Share capital increase

BerGenBio ASA: Share capital increase

Bergen, Norway, 11 May 2020 - Reference is made to the stock exchange notice

published by BerGenBio ASA (the "Company") (OSE: BGBIO) on 4 May 2020 where the

Company announced that the board of directors of the Company had resolved to

increase the Company's share capital in connection with the private placement

and share option program. A total of 13,325,000 shares were issued in the

private placement at a subscription price of NOK 37.50 per share and a total of

102,500 share options where exercised and new shares issued at an average

subscription price at NOK 11.15 per share.

The share capital increase has been duly registered in the Norwegian Register of

Business Enterprises. Following such registration, the Company's share capital

is NOK 8,672,580.50 divided into 86,725,805 shares, each with a nominal value of

NOK 0.10.

-End-

Contacts

Richard Godfrey

CEO, BerGenBio ASA

+47 917 86 304

Rune Skeie

CFO, BerGenBio ASA

rune.skeie@bergenbio.com+47 917 86 513

Forward looking statements

This announcement may contain forward-looking statements, which as such are not

historical facts, but are based upon various assumptions, many of which are

based, in turn, upon further assumptions. These assumptions are inherently

subject to significant known and unknown risks, uncertainties and other

important factors. Such risks, uncertainties, contingencies and other important

factors could cause actual events to differ materially from the

expectations expressed or implied in this announcement by such forward-looking

statements

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.