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Zelluna ASA

Board/Management Information Nov 28, 2025

3779_rns_2025-11-28_af87d57f-43ba-4360-8349-a10643514286.html

Board/Management Information

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Zelluna ASA Announces Appointment of Geir Christian Melen as New Chief Financial Officer

Zelluna ASA Announces Appointment of Geir Christian Melen as New Chief Financial Officer

Oslo, Norway, 28 November 2025 - Zelluna (OSE: ZLNA), a company pioneering

allogeneic "off-the-shelf" T Cell Receptor-based Natural Killer (TCR-NK) cell

therapies for the treatment of cancer, today announced the appointment of Geir

Christian Melen as new Chief Financial Officer, effective 01 January 2026. Hans

Vassgård Eid will be stepping down as CFO of Zelluna ASA from the end of

December 2025 and supporting the transition thereafter.

"I am very pleased to appoint Geir Christian as our new Chief Financial Officer

at such a pivotal time for Zelluna. After seven years with the company, Geir

brings a deep understanding of our TCR-NK platform and a strong financial skill

set that will support our transition into clinical development. I would also

like to express my sincere appreciation to Hans for his significant

contributions to Zelluna. He has been CFO of Ultimovacs since 2015 and played a

key role in securing a successful business combination between Zelluna and

Ultimovacs. I am grateful for his strong contributions successfully integrating

the two businesses, and creating a sound basis for taking Zelluna into the

clinical development phase. We wish him every success in his future endeavours."

said Namir Hassan, CEO of Zelluna

Geir Christian brings extensive senior leadership experience across the

Norwegian biotech and life sciences sector, including multiple CFO and CEO roles

in both publicly listed and privately held companies including in Algeta and

Photocure. Over his career, he has led financial operations, corporate strategy,

and capital market engagement for several life science organisations, giving him

a deep understanding of the financial, regulatory, and operational demands of

the industry.

Geir Christian has also been part of Zelluna as Finance Director for over seven

years, holding a key leadership role across finance and operations. He brings

strong familiarity with Zelluna's TCR-NK platform, financial strategy, and

organisational priorities.

"I am excited to take on the CFO role as Zelluna advances toward its first-in-

human study. Having been part of the company for several years, I have seen the

potential of the TCR-NK platform and the dedication and strong competence of the

team. I look forward to contributing to this next phase as we enter clinical

development with our lead program ZI-MA4-1." said Geir Christian Melen, incoming

CFO of Zelluna

About Zelluna ASA

Zelluna ASA (OSE: ZLNA) is a biotechnology company pioneering the development of

allogeneic 'off-the-shelf' T Cell Receptor-based Natural Killer (TCR-NK) cells

for the treatment of cancer. The company's platform combines the innate killing

power of NK cells with the precision targeting of TCRs, designed to address the

limitations of current cell therapies, particularly in solid tumours. Zelluna's

proprietary manufacturing process enables scalable, cost-effective production of

TCR-NK cell therapies, with potential for broad patient accessibility. The

company's lead program, ZI-MA4-1, targets the MAGE-A4 tumour antigen and is

expected to enter clinical trials in 2026. Zelluna is headquartered in Oslo,

Norway.

Namir Hassan, CEO, Zelluna ASA

Email: [email protected] (mailto:[email protected])

Phone: +44 7720 687608

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 in the Norwegian Securities Trading Act.

This stock exchange announcement was published by Joachim Midttun, Finance

manager of Zelluna ASA, on 28 November 2025 at 07.50 CET.

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