Bavarian Nordic

Transaction in Own Shares • Jan 12, 2026

{0}------------------------------------------------

Appendix to Company Announcement no. 02/2026

Transaction data related to share buy-back program for the period: January 7, 2026 to January 9, 2026

This document contains detailed transaction data for the period January 7, 2026 to January 9, 2026 for shares repurchased under the share buy-back program announced on January 7, 2026, in accordance with Regulation (EU) No. 596/2014 (as amended) of the European Parliament and of the Council on market abuse and Commission Delegated Regulation (EU) 2016/1052, which together constitute the Safe Harbour Regulation.

Since initiation of the program, the following transactions have been made by Nordea on behalf of Bavarian Nordic:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
January 7, 2026	21,000	197.45	4,146,416
January 8, 2026	54,895	199.11	10,930,385
January 9, 2026	5,000	199.10	995,524
Accumulated under the program	80,895	198.68	16,072,325

See the next pages for detailed transaction data.

{1}------------------------------------------------

Quantity	Price	Venue	Date	Time (CET)
500	198.00	XCSE	2026-01-07	09:03:24
500	198.00	XCSE	2026-01-07	09:04:28
500	198.00	XCSE	2026-01-07	09:04:48
419	198.00	XCSE	2026-01-07	09:04:48
500	198.00	XCSE	2026-01-07	09:04:48
2,581	198.00	XCSE	2026-01-07	09:04:48
100	197.40	XCSE	2026-01-07	09:15:57
98	197.50	XCSE	2026-01-07	09:20:53
99	197.60	XCSE	2026-01-07	09:21:27
102	197.05	XCSE	2026-01-07	09:25:08
100	196.80	XCSE	2026-01-07	09:25:32
106	197.00	XCSE	2026-01-07	09:27:35
100	196.95	XCSE	2026-01-07	09:28:01
64	197.05	XCSE	2026-01-07	09:32:27
102	197.35	XCSE	2026-01-07	09:38:36
97	197.20	XCSE	2026-01-07	09:38:49
101	196.95	XCSE	2026-01-07	09:39:00
101	196.75	XCSE	2026-01-07	09:39:48
105	196.50	XCSE	2026-01-07	09:39:51
100	196.60	XCSE	2026-01-07	09:44:27
41	196.50	XCSE	2026-01-07	09:45:25
198	196.60	XCSE	2026-01-07	09:53:26
195	196.60	XCSE	2026-01-07	09:55:59
203	196.50	XCSE	2026-01-07	09:56:08
103	196.05	XCSE	2026-01-07	10:00:12
193	196.40	XCSE	2026-01-07	10:05:59
65	196.55	XCSE	2026-01-07	10:17:16
98	196.60	XCSE	2026-01-07	10:17:34
42	196.75	XCSE	2026-01-07	10:17:36
195	197.10	XCSE	2026-01-07	10:21:00
100	196.95	XCSE	2026-01-07	10:29:52
100	196.95	XCSE	2026-01-07	10:29:52
97	196.75	XCSE	2026-01-07	10:32:01
100	196.75	XCSE	2026-01-07	10:33:06
97	196.60	XCSE	2026-01-07	10:37:29
98	196.40	XCSE	2026-01-07	10:39:51
96	196.00	XCSE	2026-01-07	10:42:31
5	196.00	XCSE	2026-01-07	10:42:31
101	196.40	XCSE	2026-01-07	10:43:37
209	196.60	XCSE	2026-01-07	10:48:24
103	196.60	XCSE	2026-01-07	10:49:35
313	196.80	XCSE	2026-01-07	10:57:40
113	196.80	XCSE	2026-01-07	10:57:40
400	196.80	XCSE	2026-01-07	10:57:40
104	196.90	XCSE	2026-01-07	11:00:29
466	196.90	XCSE	2026-01-07	11:00:29
500	196.90	XCSE	2026-01-07	11:00:29
101	196.90	XCSE	2026-01-07	11:00:29
98	196.90	XCSE	2026-01-07	11:00:29
500	196.90	XCSE	2026-01-07	11:00:29
107	196.90	XCSE	2026-01-07	11:00:29
500	196.90	XCSE	2026-01-07	11:00:29
106	196.80	XCSE	2026-01-07	11:05:14
101	196.65	XCSE	2026-01-07	11:07:26
102	196.70	XCSE	2026-01-07	11:17:33
1	196.50	XCSE	2026-01-07	11:18:34
102	196.50	XCSE	2026-01-07	11:18:34
46	196.45	XCSE	2026-01-07	11:23:51
75	196.60	XCSE	2026-01-07	11:26:22
74	197.30	XCSE	2026-01-07	11:37:09
102	197.30	XCSE	2026-01-07	11:41:20
10	197.30	XCSE	2026-01-07	11:41:20
74	197.30	XCSE	2026-01-07	11:41:20
19	197.30	XCSE	2026-01-07	11:41:20
58	197.25	XCSE	2026-01-07	11:41:29
118	197.25	XCSE	2026-01-07	11:41:38
12	197.25	XCSE	2026-01-07	11:41:55
20	197.25	XCSE	2026-01-07	11:41:55
8	197.25	XCSE	2026-01-07	11:41:55
58	197.25	XCSE	2026-01-07	11:41:55
95	197.20	XCSE	2026-01-07	11:42:49
100	197.50	XCSE	2026-01-07	11:42:51
9	197.45	XCSE	2026-01-07	11:43:26
91	197.45	XCSE	2026-01-07	11:43:26
98	197.35	XCSE	2026-01-07	11:43:30
104	197.35	XCSE	2026-01-07	11:48:56
102	197.10	XCSE	2026-01-07	11:50:37
102	197.10	XCSE	2026-01-07	12:05:48
104	197.05	XCSE	2026-01-07	12:11:55
104	197.00	XCSE	2026-01-07	12:13:35
97	196.90	XCSE	2026-01-07	12:14:39
104	196.80	XCSE	2026-01-07	12:14:50
97	196.95	XCSE	2026-01-07	12:19:48
100	197.25	XCSE	2026-01-07	12:32:08
104	197.15	XCSE	2026-01-07	12:36:48
102	197.05	XCSE	2026-01-07	12:42:08
199	197.25	XCSE	2026-01-07	12:47:53
104	197.45	XCSE	2026-01-07	12:56:13
105	197.40	XCSE	2026-01-07	12:56:56
102	197.30	XCSE	2026-01-07	12:57:56
104	197.55	XCSE	2026-01-07	13:02:48
101	197.40	XCSE	2026-01-07	13:03:44
106	197.65	XCSE	2026-01-07	13:10:31
104	197.70	XCSE	2026-01-07	13:12:46
785	198.20	XCSE	2026-01-07	13:26:35
97	198.05	XCSE	2026-01-07	13:26:36
98	198.15	XCSE	2026-01-07	13:26:52
389	198.25	XCSE	2026-01-07	13:27:55
81	198.15	XCSE	2026-01-07	13:28:20
38	198.05	XCSE	2026-01-07	13:33:20

{2}------------------------------------------------

Quantity	Price	Venue	Date	Time (CET)
61	198.05	XCSE	2026-01-07	13:33:20
97	198.00	XCSE	2026-01-07	13:33:32
11	197.90	XCSE	2026-01-07	13:36:40
88	197.90	XCSE	2026-01-07	13:36:40
101	197.80	XCSE	2026-01-07	13:37:25
99	197.70	XCSE	2026-01-07	13:39:40
100	198.00	XCSE	2026-01-07	13:47:44
101	197.95	XCSE	2026-01-07	13:49:59
104	198.00	XCSE	2026-01-07	13:49:59
102	198.00	XCSE	2026-01-07	13:50:14
85	197.90	XCSE	2026-01-07	13:50:53
102	197.95	XCSE	2026-01-07	13:55:19
99	197.95	XCSE	2026-01-07	13:55:19
102	197.95	XCSE	2026-01-07	13:55:29
104	197.95	XCSE	2026-01-07	13:58:37
104	197.90	XCSE	2026-01-07	13:59:04
102	197.85	XCSE	2026-01-07	14:00:38
100	197.75	XCSE	2026-01-07	14:01:41
104	197.70	XCSE	2026-01-07	14:02:58
98	197.55	XCSE	2026-01-07	14:04:07
97	197.80	XCSE	2026-01-07	14:08:33
31	197.55	XCSE	2026-01-07	14:14:13
99	197.55	XCSE	2026-01-07	14:16:00
97	197.70	XCSE	2026-01-07	14:39:30
106	197.45	XCSE	2026-01-07	14:41:04
103	197.40	XCSE	2026-01-07	14:46:20
98	197.40	XCSE	2026-01-07	14:54:18
105	197.30	XCSE	2026-01-07	14:56:45
100	197.25	XCSE	2026-01-07	14:59:49
103	197.45	XCSE	2026-01-07	15:01:11
100	197.45	XCSE	2026-01-07	15:15:10
201	197.35	XCSE	2026-01-07	15:21:53
98	197.45	XCSE	2026-01-07	15:31:34
199	197.75	XCSE	2026-01-07	15:35:19
40	198.35	XCSE	2026-01-07	15:37:15
5	198.35	XCSE	2026-01-07	15:37:28
197	198.55	XCSE	2026-01-07	15:37:41
99	198.85	XCSE	2026-01-07	15:41:35
100	198.75	XCSE	2026-01-07	15:44:03
130	199.00	XCSE	2026-01-07	15:48:59
500	199.55	XCSE	2026-01-08	09:02:30
500	199.55	XCSE	2026-01-08	09:03:54
500	199.55	XCSE	2026-01-08	09:03:54
500	199.55	XCSE	2026-01-08	09:03:54
99	199.65	XCSE	2026-01-08	09:21:10
500	199.65	XCSE	2026-01-08	09:22:07
500	199.65	XCSE	2026-01-08	09:22:07
401	199.65	XCSE	2026-01-08	09:22:07
500	199.65	XCSE	2026-01-08	09:22:07
11,500	200.00	XCSE	2026-01-08	09:36:31
102	199.80	XCSE	2026-01-08	10:44:11
500	199.80	XCSE	2026-01-08	10:59:43
98	199.80	XCSE	2026-01-08	10:59:43
500	199.80	XCSE	2026-01-08	10:59:43
500	199.80	XCSE	2026-01-08	10:59:43
40	199.75	XCSE	2026-01-08	11:02:03
59	199.75	XCSE	2026-01-08	11:02:03
102	199.80	XCSE	2026-01-08	11:19:26
99	199.80	XCSE	2026-01-08	11:19:27
97	199.80	XCSE	2026-01-08	11:25:25
105	199.75	XCSE	2026-01-08	11:31:30
97	199.80	XCSE	2026-01-08	11:42:04
100	199.80	XCSE	2026-01-08	11:49:44
99	199.80	XCSE	2026-01-08	11:56:29
97	199.80	XCSE	2026-01-08	11:56:34
5	199.80	XCSE	2026-01-08	11:56:34
100	199.60	XCSE	2026-01-08	12:06:32
101	199.80	XCSE	2026-01-08	12:15:00
99	199.75	XCSE	2026-01-08	12:15:41
99	199.80	XCSE	2026-01-08	12:31:32
4	199.70	XCSE	2026-01-08	12:32:14
95	199.70	XCSE	2026-01-08	12:32:14
200	199.65	XCSE	2026-01-08	12:36:36
300	199.65	XCSE	2026-01-08	12:40:27
800	199.65	XCSE	2026-01-08	12:40:34
500	199.65	XCSE	2026-01-08	12:40:34
103	199.45	XCSE	2026-01-08	12:45:35
102	199.35	XCSE	2026-01-08	12:50:25
102	199.55	XCSE	2026-01-08	12:56:42
16	199.55	XCSE	2026-01-08	12:57:02
81	199.55	XCSE	2026-01-08	12:57:02
104	199.50	XCSE	2026-01-08	13:01:59
99	199.70	XCSE	2026-01-08	13:03:53
105	199.80	XCSE	2026-01-08	14:02:06
101	199.80	XCSE	2026-01-08	14:07:05
106	199.80	XCSE	2026-01-08	14:09:03
97	199.80	XCSE	2026-01-08	14:09:03
102	199.40	XCSE	2026-01-08	14:12:24
102	199.25	XCSE	2026-01-08	14:13:56
100	199.40	XCSE	2026-01-08	14:22:00
78	199.45	XCSE	2026-01-08	14:33:42
24	199.45	XCSE	2026-01-08	14:33:42
3	199.35	XCSE	2026-01-08	14:43:10
94	199.35	XCSE	2026-01-08	14:43:56
34	199.50	XCSE	2026-01-08	14:56:42
102	199.50	XCSE	2026-01-08	14:56:42
68	199.50	XCSE	2026-01-08	14:56:42
101	199.45	XCSE	2026-01-08	14:58:42
105	199.35	XCSE	2026-01-08	15:00:47
2	199.55	XCSE	2026-01-08	15:12:33

{3}------------------------------------------------

Quantity	Price	Venue	Date	Time (CET)
100	199.55	XCSE	2026-01-08	15:13:58
32	199.60	XCSE	2026-01-08	15:22:56
70	199.60	XCSE	2026-01-08	15:22:56
70	199.60	XCSE	2026-01-08	15:22:56
97	199.60	XCSE	2026-01-08	15:26:50
97	199.55	XCSE	2026-01-08	15:29:35
16	199.50	XCSE	2026-01-08	15:31:26
16	199.50	XCSE	2026-01-08	15:32:14
27	199.50	XCSE	2026-01-08	15:32:14
55	199.50	XCSE	2026-01-08	15:32:14
27	199.50	XCSE	2026-01-08	15:32:14
98	199.50	XCSE	2026-01-08	15:32:14
60	199.50	XCSE	2026-01-08	15:35:21
98	199.45	XCSE	2026-01-08	15:38:07
98	199.45	XCSE	2026-01-08	15:38:07
102	199.30	XCSE	2026-01-08	15:38:15
104	199.35	XCSE	2026-01-08	15:38:15
102	199.20	XCSE	2026-01-08	15:39:27
101	199.05	XCSE	2026-01-08	15:39:58
99	199.05	XCSE	2026-01-08	15:41:23
102	199.05	XCSE	2026-01-08	15:41:23
99	198.95	XCSE	2026-01-08	15:41:38
105	198.90	XCSE	2026-01-08	15:41:55
100	198.85	XCSE	2026-01-08	15:41:55
101	198.80	XCSE	2026-01-08	15:43:05
106	198.80	XCSE	2026-01-08	15:45:10
104	198.75	XCSE	2026-01-08	15:46:48
97	198.70	XCSE	2026-01-08	15:47:03
101	198.50	XCSE	2026-01-08	15:48:57
101	198.50	XCSE	2026-01-08	15:49:27
102	198.25	XCSE	2026-01-08	15:52:58
39	198.15	XCSE	2026-01-08	15:53:55
99	198.15	XCSE	2026-01-08	15:53:55
104	198.10	XCSE	2026-01-08	15:54:55
103	198.05	XCSE	2026-01-08	15:55:53
92	198.00	XCSE	2026-01-08	15:57:08
97	198.05	XCSE	2026-01-08	15:59:25
103	198.05	XCSE	2026-01-08	15:59:59
98	198.05	XCSE	2026-01-08	16:01:31
100	197.95	XCSE	2026-01-08	16:02:34
208	198.20	XCSE	2026-01-08	16:08:42
106	198.20	XCSE	2026-01-08	16:09:10
102	198.35	XCSE	2026-01-08	16:11:31
100	198.80	XCSE	2026-01-08	16:16:49
75	198.80	XCSE	2026-01-08	16:17:17
27	198.80	XCSE	2026-01-08	16:17:27
73	198.80	XCSE	2026-01-08	16:17:27
46	198.80	XCSE	2026-01-08	16:17:27
29	198.80	XCSE	2026-01-08	16:17:27
106	198.85	XCSE	2026-01-08	16:18:55
105	198.80	XCSE	2026-01-08	16:19:48
104	198.80	XCSE	2026-01-08	16:19:48
198	198.75	XCSE	2026-01-08	16:21:08
101	198.70	XCSE	2026-01-08	16:21:08
101	198.65	XCSE	2026-01-08	16:21:44
40	198.60	XCSE	2026-01-08	16:21:59
62	198.60	XCSE	2026-01-08	16:21:59
3	198.55	XCSE	2026-01-08	16:22:43
99	198.55	XCSE	2026-01-08	16:22:43
97	198.45	XCSE	2026-01-08	16:24:10
106	198.45	XCSE	2026-01-08	16:26:14
97	198.35	XCSE	2026-01-08	16:26:21
24	198.25	XCSE	2026-01-08	16:26:21
24	198.30	XCSE	2026-01-08	16:26:21
297	198.25	XCSE	2026-01-08	16:31:22
2,000	198.25	XCSE	2026-01-08	16:31:22
206	198.55	XCSE	2026-01-08	16:37:32
205	198.55	XCSE	2026-01-08	16:37:32
103	198.55	XCSE	2026-01-08	16:37:35
55	198.50	XCSE	2026-01-08	16:38:42
50	198.50	XCSE	2026-01-08	16:38:42
363	198.60	XCSE	2026-01-08	16:41:46
127	198.60	XCSE	2026-01-08	16:41:46
127	198.60	XCSE	2026-01-08	16:41:46
637	198.60	XCSE	2026-01-08	16:41:46
88	198.60	XCSE	2026-01-08	16:41:46
637	198.60	XCSE	2026-01-08	16:41:46
1,000	198.60	XCSE	2026-01-08	16:41:46
752	198.60	XCSE	2026-01-08	16:41:46
102	198.60	XCSE	2026-01-08	16:41:46
873	198.60	XCSE	2026-01-08	16:41:46
304	198.60	XCSE	2026-01-08	16:41:46
92	198.60	XCSE	2026-01-08	16:41:46
102	198.70	XCSE	2026-01-08	16:42:41
35	198.55	XCSE	2026-01-08	16:43:34
35	198.55	XCSE	2026-01-08	16:44:06
726	198.55	XCSE	2026-01-08	16:44:36
83	198.55	XCSE	2026-01-08	16:44:36
121	198.55	XCSE	2026-01-08	16:44:50
210	198.65	XCSE	2026-01-08	16:47:16
13	198.65	XCSE	2026-01-08	16:47:16
39	198.65	XCSE	2026-01-08	16:47:16
274	198.65	XCSE	2026-01-08	16:47:16
391	198.65	XCSE	2026-01-08	16:47:16
565	198.65	XCSE	2026-01-08	16:47:16
378	198.65	XCSE	2026-01-08	16:47:16
609	198.65	XCSE	2026-01-08	16:47:16
65	198.65	XCSE	2026-01-08	16:47:16
609	198.65	XCSE	2026-01-08	16:47:16
366	198.65	XCSE	2026-01-08	16:47:16

{4}------------------------------------------------

Quantity 103	Price 198.65	Venue XCSE	Date 2026-01-08	Time (CET) 16:47:16
378	198.65	XCSE	2026-01-08	16:47:16
96	198.60	XCSE	2026-01-08	16:47:49
200	198.60	XCSE	2026-01-08	16:48:21
104	198.60	XCSE	2026-01-08	16:48:21
125	198.60	XCSE	2026-01-08	16:48:21
104 3,177	198.60 198.60	XCSE XCSE	2026-01-08 2026-01-08	16:48:21 16:48:21
363	198.60	XCSE	2026-01-08	16:48:21
14	198.60	XCSE	2026-01-08	16:49:09
1,486	198.60	XCSE	2026-01-08	16:49:09
1,486	198.60	XCSE	2026-01-08	16:49:09
1,486	198.60	XCSE	2026-01-08	16:49:09
1,137	198.60	XCSE	2026-01-08	16:49:09
13 677	198.75 198.75	XCSE XCSE	2026-01-08 2026-01-08	16:50:40 16:50:40
97	198.75	XCSE	2026-01-08	16:50:40
1	198.75	XCSE	2026-01-08	16:50:40
322	198.75	XCSE	2026-01-08	16:50:40
1,500	198.75	XCSE	2026-01-08	16:50:40
103	198.75	XCSE	2026-01-08	16:50:40
1,403	198.75	XCSE	2026-01-08	16:50:40
97 101	198.75 199.70	XCSE XCSE	2026-01-08 2026-01-09	16:50:40 09:21:57
97	199.85	XCSE	2026-01-09	09:34:37
104	199.15	XCSE	2026-01-09	09:43:54
71	198.85	XCSE	2026-01-09	10:00:15
33	198.85	XCSE	2026-01-09	10:00:15
97	199.20	XCSE	2026-01-09	10:08:51
94	199.70	XCSE	2026-01-09	10:51:18
96 102	199.60 199.25	XCSE XCSE	2026-01-09 2026-01-09	11:02:50 11:13:03
99	199.30	XCSE	2026-01-09	11:27:54
98	199.25	XCSE	2026-01-09	11:33:47
100	199.45	XCSE	2026-01-09	11:57:21
27	199.70	XCSE	2026-01-09	12:00:01
69 99	199.70 199.70	XCSE XCSE	2026-01-09 2026-01-09	12:00:01 12:11:07
95	199.70	XCSE	2026-01-09	12:31:50
99	199.75	XCSE	2026-01-09	12:42:29
95	199.65	XCSE	2026-01-09	12:43:09
96	199.75	XCSE	2026-01-09	12:51:05
101	199.75	XCSE	2026-01-09	13:20:00
97 95	199.75 199.80	XCSE XCSE	2026-01-09 2026-01-09	13:24:29 13:35:56
98	199.50	XCSE	2026-01-09	13:44:49
95	199.65	XCSE	2026-01-09	13:57:43
95	199.45	XCSE	2026-01-09	13:58:00
97	199.00	XCSE	2026-01-09	14:19:50
98	198.45	XCSE	2026-01-09	14:20:22
1,000	198.50	XCSE	2026-01-09	14:43:51
95 22	198.10 198.05	XCSE XCSE	2026-01-09 2026-01-09	14:45:56 14:51:26
155	199.00	XCSE	2026-01-09	15:02:30
95	198.85	XCSE	2026-01-09	15:11:06
79	198.65	XCSE	2026-01-09	15:23:23
16	198.65	XCSE	2026-01-09	15:23:23
96	198.55	XCSE	2026-01-09	15:23:45
99 102	198.05 198.80	XCSE XCSE	2026-01-09 2026-01-09	15:31:30 15:45:56
103	198.90	XCSE	2026-01-09	15:53:34
98	199.40	XCSE	2026-01-09	16:01:52
103	199.15	XCSE	2026-01-09	16:04:57
100	199.00	XCSE	2026-01-09	16:10:42
14	199.25	XCSE	2026-01-09	16:31:27
87 288	199.35 199.35	XCSE XCSE	2026-01-09 2026-01-09	16:33:12 16:33:12