Genmab — Share Issue/Capital Change 2016

Feb 24, 2016

Company Announcement

Copenhagen, Denmark; February 24, 2016 – Genmab A/S (Nasdaq Copenhagen: GEN)
will increase its share capital by 146,321 shares as a consequence of the
exercise of employee warrants.

The increase is effected without any preemption rights for the existing
shareholders of the company or others. The shares are subscribed in cash at the
following price per share of nominally DKK 1:

-- 1,031 shares at DKK 26.75,
-- 750 shares at DKK 45.24,
-- 3,000 shares at DKK 55.85,
-- 3,250 shares at DKK 66.60,
-- 1,000 shares at DKK 67.50,
-- 375 shares at DKK 79.25,
-- 850 shares at DKK 80.55,
-- 5,125 shares at DKK 129.75,
-- 17,500 shares at DKK 173,
-- 6,000 shares at DKK 174,
-- 2,688 shares at DKK 184,
-- 1,093 shares at DKK 210,
-- 1,688 shares at DKK 210.50,
-- 750 shares at DKK 220.40,
-- 1,890 shares at DKK 224,
-- 300 shares at DKK 225.30,
-- 4,124 shares at DKK 225.90,
-- 2,135 shares at DKK 231.50,
-- 1,250 shares at DKK 234,
-- 525 shares at DKK 246,
-- 8,125 shares at DKK 254,
-- 19,650 shares at DKK 272,
-- 4,325 shares at DKK 326.50,
-- 2,200 shares at DKK 329,
-- 2,625 shares at DKK 330,
-- 1,502 shares at DKK 337.40,
-- 47,050 shares at DKK 352.50, and
-- 5,520 shares at DKK 364.

Proceeds to the company are approximately DKK 38.4 million. The increase
corresponds to approx. 0.2 % of the company's share capital.

The increase includes the exercise of 22,500 warrants by board member Anders
Gersel Pedersen and 12,000 warrants by board member Burton G. Malkiel.

The new shares are ordinary shares without any special rights and are freely
transferable negotiable instruments. The new shares give rights to dividends
and other rights in relation to the company as of subscription, i.e. inter alia
full rights to dividends for the financial year 2015. The new shares will be
listed on Nasdaq Copenhagen after registration with the Danish Business
Authority. Genmab A/S' current share capital amounts to DKK 59,531,263 and will
after the capital increase be DKK 59,677,584. The capital increase is expected
to be finalized shortly.

About Genmab
Genmab is a publicly traded, international biotechnology company specializing
in the creation and development of differentiated antibody therapeutics for the
treatment of cancer. Founded in 1999, the company has two approved antibodies,
Arzerra® (ofatumumab) for the treatment of certain chronic lymphocytic leukemia
indications and DARZALEX™ (daratumumab) for the treatment of heavily pretreated
or double refractory multiple myeloma. Daratumumab is in clinical development
for additional multiple myeloma indications and for non-Hodgkin’s lymphoma.
Genmab also has a broad clinical and pre-clinical product pipeline. Genmab's
technology base consists of validated and proprietary next generation antibody
technologies - the DuoBody® platform for generation of bispecific antibodies,
and the HexaBody® platform which creates effector function enhanced antibodies.
The company intends to leverage these technologies to create opportunities for
full or co-ownership of future products. Genmab has alliances with top tier
pharmaceutical and biotechnology companies. For more information visit
www.genmab.com.

Contact:
Rachel Curtis Gravesen, Senior Vice President, Investor Relations &
Communications
T: +45 33 44 77 20; M: +45 25 12 62 60; E: r.gravesen@genmab.com

This Company Announcement contains forward looking statements. The words
“believe”, “expect”, “anticipate”, “intend” and “plan” and similar expressions
identify forward looking statements. Actual results or performance may differ
materially from any future results or performance expressed or implied by such
statements. The important factors that could cause our actual results or
performance to differ materially include, among others, risks associated with
pre-clinical and clinical development of products, uncertainties related to the
outcome and conduct of clinical trials including unforeseen safety issues,
uncertainties related to product manufacturing, the lack of market acceptance
of our products, our inability to manage growth, the competitive environment in
relation to our business area and markets, our inability to attract and retain
suitably qualified personnel, the unenforceability or lack of protection of our
patents and proprietary rights, our relationships with affiliated entities,
changes and developments in technology which may render our products obsolete,
and other factors. For a further discussion of these risks, please refer to the
risk management sections in Genmab’s most recent financial reports, which are
available on www.genmab.com. Genmab does not undertake any obligation to update
or revise forward looking statements in this Company Announcement nor to
confirm such statements in relation to actual results, unless required by law.

Genmab A/S and its subsidiaries own the following trademarks: Genmab®; the
Y-shaped Genmab logo®; Genmab in combination with the Y-shaped Genmab logo™;
the DuoBody logo®; the HexaBody logo™; HuMax®; HuMax-CD20®; DuoBody®; HexaBody®
and UniBody®. Arzerra® is a trademark of Novartis AG or its affiliates.
DARZALEX™ is a trademark of Janssen Biotech, Inc.

Company Announcement no. 05
CVR no. 2102 3884

Genmab A/S
Bredgade 34E
1260 Copenhagen K
Denmark