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Bavarian Nordic

Major Shareholding Notification Nov 7, 2025

3354_rns_2025-11-07_98622820-7e13-4add-b51f-c7637451917e.pdf

Major Shareholding Notification

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Company Announcement

Bavarian Nordic Announces Major Shareholder Notification from Morgan Stanley

COPENHAGEN, Denmark, November 7, 2025 – Pursuant to section 30 of the Danish Capital Markets Act, Bavarian Nordic A/S hereby announces that the Company has received notification from Morgan Stanley that they hold 5,13% of the shares and voting rights in Bavarian Nordic A/S as of October 31, 2025.

About Bavarian Nordic

Bavarian Nordic is a global vaccine company with a mission to improve health and save lives through innovative vaccines. We are a preferred supplier of mpox and smallpox vaccines to governments to enhance public health preparedness and have a leading portfolio of travel vaccines. For more information, visit www.bavariannordic.com.

Contact investors:

Europe: Disa Tuominen, IR Manager, [email protected]

US: Graham Morrell, Gilmartin Group, [email protected], Tel: +1 781 686 9600

Contact media:

Nicole Seroff, Vice President Corporate Communications, [email protected], Tel: +45 53 88 06 03

Company Announcement no. 41 / 2025

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