Vistin Pharma — Earnings Release 2020

Oct 30, 2020

Vistin Pharma ASA: Third quarter and YTD 2020 financial results

Vistin Pharma ASA: Third quarter and YTD 2020 financial results

Oslo, Norway, 30 October 2020

Vistin Pharma ASA (Vistin Pharma, OSE: VISTIN) today announces the financial

results for the third quarter and YTD 2020.

The revenues for the third quarter of 2020 ended at MNOK 55 (Q3'19: MNOK 68).

YTD 2020 the revenue was MNOK 189, compared to MNOK 171 in the first three

quarters of 2019, a growth of 11%.

Third quarter EBITDA for pharmaceuticals was MNOK 9.5 (Q3'19: MNOK 11.8), and

YTD 2020 EBITDA of MNOK 44.3, compared to MNOK 23.6 in the first three quarters

of 2019, an 88% increase.

The net profit for the group ended at MNOK 4.5 (Q3'19: MNOK 59.6) for the third

quarter of 2020. For first three quarters of 2020 the net loss was MNOK 105.6,

compared to a profit of MNOK 59.6 YTD 2019. The net loss in 2020 is driven by

the closing of the oil derivative portfolio in March.

Vistin Pharma had cash of MNOK 97.5 (Q3'19 MNOK: 305) as of 30 September 2020.

First installment of 15% for the Metformin Expansion Project (MEP) was paid in

September. The company has a strong balance sheet with an equity ratio of 83%

and no interest-bearing debt.

The third quarter conference call, which will be held today, 30 October, at

8.30am (CET) and will be available via web and audio through the following

access points:

Telephone conference:

Confirmation Code:........ 9184755

International Dial-In:........ +44 (0) 2071 928338

Norway, Oslo:................ +47 21563015

United States, New York: +1 6467413167

Webcast:

https://edge.media-server.com/mmc/p/r4qc96ix

The conference call will be held in Norwegian.

Please find the Q3 report and presentation enclosed. The report will also be

made available on www.vistin.com (http://www.vistin.com).

*****

For further information, please contact:

Kjell-Erik Nordby

CEO

+47 91 36 42 80

kjell-erik.nordby@vistin.com (mailto:kjell-erik.nordby@vistin.com)

Alexander Karlsen

CFO

+47 97 05 36 21

alexander.karlsen@vistin.com (mailto:alexander.karlsen@vistin.com)

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.