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Bavarian Nordic Director's Dealing 2021

Sep 16, 2021

3354_rns_2021-09-16_4be2dc85-2f24-4cf2-a960-fc90e36a7a31.pdf

Director's Dealing

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BAVARIAN NORDIC

Company Announcement

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

COPENHAGEN, Denmark, September 16, 2021 - Bavarian Nordic A/S (OMX: BAVA) has today received information about the following transaction of the company's shares/related securities by persons holding managerial responsibilities and/or persons/companies closely associated with such.

The transaction concerns the exercise of warrants by Thomas Bennekov, who has served as an employee-elected member of the Board of Directors of Bavarian Nordic since April 2021. The warrants were awarded to Mr. Bennekov in December 2016, prior to assuming his position on the Board.

1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Thomas Bennekov
2. Reason for the notification
a) Position/status Employee-elected member of the Board of Directors of Bavarian Nordic A/S
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Bavarian Nordic A/S
b) LEI 2138006JCDVYIN6INP51
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument
Identification code Shares
DK0015998017
b) Nature of the transaction Exercise of warrants
c) Price(s) and volume(s) Price(s) Volume(s)
DKK 205.80 1,313
d) Aggregated information
- Aggregated volume
- Price 1,313
DKK 270,215.40
e) Date of the transaction 2021-09-08
f) Place of the transaction Nasdaq Copenhagen A/S, XCSE

About Bavarian Nordic

Bavarian Nordic is a fully integrated vaccines company focused on the development, manufacturing and commercialization of life-saving vaccines. We are a global leader in smallpox vaccines and have been a long-term supplier to the U.S. Government of a non-replicating smallpox vaccine, which has been approved by the FDA, also for the protection against monkeypox. The vaccine is approved as a smallpox vaccine in Europe and Canada. Our commercial product portfolio furthermore contains market-leading vaccines against rabies and tick-borne encephalitis. Using our live virus vaccine platform technology, MVA-BN®, we have created a diverse portfolio of proprietary and partnered product candidates designed to save and improve lives by unlocking the

Bavarian Nordic A/S

Philip Heymans Alle 3

DK-2900 Hellerup

Tel. +45 33 26 83 83

www.bavarian-nordic.com

CVR-no. 16 27 11 87

LEI Code: 2138006JCDVYIN6INP51


Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

power of the immune system, including an Ebola vaccine, which is licensed to the Janssen Pharmaceutical Companies of Johnson & Johnson. We are also committed to the development of a next-generation COVID-19 vaccine. For more information visit www.bavarian-nordic.com.

Contacts

Europe: Rolf Sass Sørensen, Vice President Investor Relations, Tel: +45 61 77 47 43

US: Graham Morrell, Paddock Circle Advisors, [email protected], Tel: +1 781 686 9600

Company Announcement no. 32 / 2021

Company Announcement no. 32 / 2021