Vistin Pharma — Earnings Release 2021

Oct 28, 2021

Vistin Pharma ASA: Third quarter 2021 financial results

Vistin Pharma ASA: Third quarter 2021 financial results

Oslo, Norway, 28(th) of October 2021

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

results for the third quarter 2021

Revenue in third quarter ended at MNOK 62.9 compared to MNOK 55.1 in Q3 2020.

The revenue increase was driven by higher sales volume (+12%) and sales prices,

offset by a significant stronger NOK vs EUR compared to last year.

Third quarter EBITDA ended at MNOK 4.6 (Q3'20: MNOK 9.5) a 52% decrease compared

to similar quarter last year. The lower EBITDA in Q3'21 was driven by a stronger

NOK vs EUR, increased raw material prices, record high international freight

costs due to global constraints following Covid-19 and significantly higher

electricity prices in the quarter compared to last year.

The net profit for the group ended at MNOK 1 (Q3'20: MNOK 4.5) for the third

quarter of 2021.

Vistin Pharma had cash of MNOK 52 (Q3'20 MNOK: 98) as of 30 September 2021.

Approx. 55% of the Metformin Expansion Project (MEP) has been paid as of end

June. The company has a strong balance sheet with an equity ratio of 85% and no

interest-bearing debt.

The Fikkjebakke plant is on track to achieve an all-time high production volume

in 2021.

The third quarter conference call, which will be held today, 28th of October, at

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

access points:

Telephone conference:

Confirmation Code:             1860729

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/u59e5tiq

The conference call will be held in English.

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.