Zealand Pharma

Board/Management Information • Apr 14, 2016

Copenhagen, 14 April 2016 - Zealand announces that Hanne Heidenheim Bak, Senior
Project Director and Rasmus Just, Director of External Sourcing and Research
Partnerships have been elected as new employee elected members of Zealand’s
Board of Directors.

Hanne Heidenheim Bak holds a M.Sc. Pharm. and has been employed at Zealand
since 2006.

Rasmus Just holds a PhD and MBA, and has been employed at Zealand since 2003.

Both employee elected members are appointed for a four-year period with effect
from Zealand’s Annual General Meeting 2016 to be held on 19 April 2016. The two
new members will replace Helle Størum and Christian Thorkildsen who both have
completed their terms and will resign from the Board with effect also from the
Annual General Meeting.

There are in total three employee elected members on Zealand’s Board of
Directors. Besides the two newly elected members, also Jens Peter Stenvang,
Senior Application Specialist is member of the Board. He has also been
appointed for a four-year period, however shifted with two years so it runs
until Zealand’s Annual General Meeting in 2018.

As first and second substitute employee representatives, the following have
been elected: Christian Thorkildsen, Project Director and Helle Størum,
Director of Business Development.