Exicon Co., Ltd. — AGM Information 2016

Feb 23, 2016

Notice convening the Annual General Meeting of Exiqon A/S

Dear shareholder

The Supervisory Board of Exiqon A/S, CVR no. 18 98 44 31, (the "Company") hereby convenes the Annual General Meeting of the Company to be held on:

Wednesday 16 March 2016 at 3 pm

at the Company’s address at Skelstedet 16, 2950 Vedbæk, Denmark

with the following

Agenda with complete proposals

1. The Supervisory Board's report on the Company's activities in the past year

2. Presentation of the revised annual report for adoption

3. Resolution on appropriation of profit or covering of loss according to the adopted annual report

4. Proposal for determination of the remuneration of the Supervisory Board for 2016

The Supervisory Board proposes that the remuneration of the Supervisory Board for 2016 be fixed at DKK 1,500,000, as was the case in the preceding year.

1. Election of members to the Supervisory Board

The board of directors proposes re-election of all current members of the Supervisory Board:

Erik Walldén, Thorleif Krarup, Michael Nobel, Per Wold-Olsen and Rodney Turner.

The annual report includes information on the candidates and their curriculum vitaes.

1. Election of auditor

The Supervisory Board proposes re-election of KPMG Statsautoriseret Revisionspartnerselskab as auditor of the Company.

1. Proposals from the Supervisory Board

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• a. Delegation of authority to the chairman of the meeting

The chairman of the meeting is authorised to make any such changes and additions to the decisions adopted at the General Meeting and the notification to the Danish Business Authority as may be required by the Authority in connection with the registration of the decisions.

Majority requirement

The proposals made under items 1-6 and items 7a of the agenda are adopted by simple majority of votes, see Article 8 of the Articles of Association and s. 105 of the Companies Act ( selskabsloven ).

Registration/admission cards

According to article 8 of the articles of association, a shareholder’s right to attend and vote at general meetings is determined on the basis of the number of shares held by the relevant shareholder on the registration date, which is one week prior to the date of the general meeting. Attendance at the general meeting is furthermore subject to the shareholder no later than three days prior to the general meeting at the latest, having requested an admission card on his own behalf and for any accompanying advisor. The deadline for requesting admission cards is Friday 11 March 2016 at 11:59 pm . Admission cards may be obtained at our investors’ portal www.exiqoninvestor.com/portal.

Admission cards will be issued to the shareholders recorded in the register of shareholders on the registration date or to the person from whom the Company, as at the registration date, has received due notification with a view to entry in the register of shareholders.

The registration date is Wednesday 9 March 2016 .

Proxy/postal voting form

Proxy may be granted using the proxy form found at our investors’ portal www.exiqoninvestor.com/portal. Proxy may be granted to the Supervisory Board or any named third party who not later than on Friday 11 March 2016 at 11:59 pm has requested an admission card. The Supervisory Board recommends that proxy specifically for the Supervisory Board is granted using the proxy form found at our investors’ portal.

Further, the voting right may be exercised by correspondence, which must reach the Company by Friday 11 March 2016 at 11:59 pm at the latest. Vote by correspondence may be submitted using the postal voting form found at our investors’ portal www.exiqoninvestor.com/portal.

Information to shareholders

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The Company’s share capital amounts to DKK 36,874,082 on the date of this notice. Each share of a nominal value of DKK 1 carries one vote.

This notice, a list of the total number of shares and voting rights on the date of this notice, the documents to be presented at the general meeting, including the most recent audited annual report and the agenda with the complete proposals will be available for inspection at the Company’s offices as from 23 February 2016 at the latest and forwarded to any registered shareholder making a request to this effect.

These documents, including the forms to be used when voting by proxy and by postal vote, will at the same time be made available at the Company’s investors’ portal www.exiqoninvestor.com/portal.

Questions from the shareholders

Shareholders may up until the date of the general meeting ask questions in respect of the agenda or documents to be used at the general meeting by written contact to Exiqon A/S, Skelstedet 16, 2950 Vedbæk or by sending an email to ir@exiqon.com.

Vedbæk, 23 February 2016

Supervisory Board of Exiqon A/S