Ascelia Pharma

Declaration of Voting Results & Voting Rights Announcements • Jul 31, 2020

PRESS RELEASE

Malmö, 31 July 2020

Change in number of shares and votes in Ascelia Pharma AB

During July 2020, the number of shares and votes in Ascelia Pharma AB increased due to the directed new share issue, which was completed on 30 June 2020.

Per 31 July 2020, the number of shares amounts 28,697,234, whereof 28,186,689 are ordinary shares with one vote per share and 510,545 are class C shares with one-tenth of a vote per share. The total number of votes in the company amounts to 28,237,743.5.

For further information, please contact:

Magnus Corfitzen, CEO Email: moc@ascelia.com Tel: +46 735 179 118

Mikael Widell, Head of IR & Communications Email: mw@ascelia.com Tel: +46 703 11 99 60

This information is such information as Ascelia Pharma AB is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2pm CET on 31 July 2020.

About Ascelia Pharma

Ascelia Pharma is a biotech company focused on orphan oncology treatments. We develop and commercialize novel drugs that address unmet medical needs and have a clear development and market pathway. The company has two drug candidates – Mangoral and Oncoral – in clinical development. Ascelia Pharma has global headquarters in Malmö, Sweden, and is listed on Nasdaq Stockholm (ticker: ACE). For more information, please visit www.ascelia.com.

About Mangoral

Mangoral (manganese chloride tetrahydrate) is a novel oral contrast agent for MR-imaging developed to improve the detection and visualization of focal liver lesions (including liver metastases and primary tumors) in patients with reduced kidney function. These patients are at risk of serious side effects from the currently available class of gadolinium-based contrast agents. Mangoral, which has been granted an Orphan Drug Designation by the US Food and Drug Administration (FDA), is currently in Phase 3 development, including the global multi-center SPARKLE study.

About Oncoral

Oncoral is a novel oral irinotecan chemotherapy tablet for the treatment of gastric cancer. Oncoral has the potential to offer a more patient friendly cancer drug regimen including a better safety profile following daily tablet dosing at home compared to intravenous high-dose infusions at the hospital. Following successful Phase 1 results, the Phase 2 for Oncoral is in preparation.