Pursuant to Section § 28a of the Danish Act on Securities Trading, Bavarian Nordic A/S shall make public transactions of shares and related securities of Bavarian Nordic A/S by persons holding managerial responsibilities and/or persons/companies closely associated with such. -------------------------------------------------------------------------------- | Name | Asger Aamund | -------------------------------------------------------------------------------- | Reason for | Chairman of the Board | | transaction | | -------------------------------------------------------------------------------- | Issuer | Bavarian Nordic A/S | -------------------------------------------------------------------------------- | ID code/ISIN | DK0015998017 | -------------------------------------------------------------------------------- | Description | Shares | -------------------------------------------------------------------------------- | Transaction | Exercise of Warrants | -------------------------------------------------------------------------------- | Trading date | 2 May 2007 | -------------------------------------------------------------------------------- | Market | Copenhagen Stock Exchange | -------------------------------------------------------------------------------- | Number | 5,699 | -------------------------------------------------------------------------------- | Total value (DKK) | 1,612,817 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Name | Eigil B. Nielsen | -------------------------------------------------------------------------------- | Reason for | Member of the Board | | transaction | | -------------------------------------------------------------------------------- | Issuer | Bavarian Nordic A/S | -------------------------------------------------------------------------------- | ID code/ISIN | DK0015998017 | -------------------------------------------------------------------------------- | Description | Shares | -------------------------------------------------------------------------------- | Transaction | Exercise of Warrants | -------------------------------------------------------------------------------- | Trading date | 2 May 2007 | -------------------------------------------------------------------------------- | Market | Copenhagen Stock Exchange | -------------------------------------------------------------------------------- | Number | 5,699 | -------------------------------------------------------------------------------- | Total value (DKK) | 1,612,817 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Name | Erling Johansen | -------------------------------------------------------------------------------- | Reason for | Member of the Board | | transaction | | -------------------------------------------------------------------------------- | Issuer | Bavarian Nordic A/S | -------------------------------------------------------------------------------- | ID code/ISIN | DK0015998017 | -------------------------------------------------------------------------------- | Description | Shares | -------------------------------------------------------------------------------- | Transaction | Exercise of Warrants | -------------------------------------------------------------------------------- | Trading date | 2 May 2007 | -------------------------------------------------------------------------------- | Market | Copenhagen Stock Exchange | -------------------------------------------------------------------------------- | Number | 5,699 | -------------------------------------------------------------------------------- | Total value (DKK) | 1,612,817 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Name | René Djurup | -------------------------------------------------------------------------------- | Reason for | Exe. Vice President | | transaction | | -------------------------------------------------------------------------------- | Issuer | Bavarian Nordic A/S | -------------------------------------------------------------------------------- | ID code/ISIN | DK0015998017 | -------------------------------------------------------------------------------- | Description | Shares | -------------------------------------------------------------------------------- | Transaction | Exercise of Warrants | -------------------------------------------------------------------------------- | Trading date | 2 May 2007 | -------------------------------------------------------------------------------- | Market | Copenhagen Stock Exchange | -------------------------------------------------------------------------------- | Number | 17,100 | -------------------------------------------------------------------------------- | Total value (DKK) | 4,839,300 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Name | Paul Chaplin | -------------------------------------------------------------------------------- | Reason for | Exe. Vice President | | transaction | | -------------------------------------------------------------------------------- | Issuer | Bavarian Nordic A/S | -------------------------------------------------------------------------------- | ID code/ISIN | DK0015998017 | -------------------------------------------------------------------------------- | Description | Shares | -------------------------------------------------------------------------------- | Transaction | Exercise of Warrants | -------------------------------------------------------------------------------- | Trading date | 2 May 2007 | -------------------------------------------------------------------------------- | Market | Copenhagen Stock Exchange | -------------------------------------------------------------------------------- | Number | 17,100 | -------------------------------------------------------------------------------- | Total value (DKK) | 4,839,300 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Name | Morten Max Rasmussen | -------------------------------------------------------------------------------- | Reason for | Exe. Vice President | | transaction | | -------------------------------------------------------------------------------- | Issuer | Bavarian Nordic A/S | -------------------------------------------------------------------------------- | ID code/ISIN | DK0015998017 | -------------------------------------------------------------------------------- | Description | Shares | -------------------------------------------------------------------------------- | Transaction | Exercise of Warrants | -------------------------------------------------------------------------------- | Trading date | 2 May 2007 | -------------------------------------------------------------------------------- | Market | Copenhagen Stock Exchange | -------------------------------------------------------------------------------- | Number | 8,549 | -------------------------------------------------------------------------------- | Total value (DKK) | 2,419,367 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Name | Hans Christian Teisen | -------------------------------------------------------------------------------- | Reason for | Exe. Vice President | | transaction | | -------------------------------------------------------------------------------- | Issuer | Bavarian Nordic A/S | -------------------------------------------------------------------------------- | ID code/ISIN | DK0015998017 | -------------------------------------------------------------------------------- | Description | Shares | -------------------------------------------------------------------------------- | Transaction | Exercise of Warrants | -------------------------------------------------------------------------------- | Trading date | 2 May 2007 | -------------------------------------------------------------------------------- | Market | Copenhagen Stock Exchange | -------------------------------------------------------------------------------- | Number | 8,549 | -------------------------------------------------------------------------------- | Total value (DKK) | 3,735,913 | -------------------------------------------------------------------------------- Kvistgård, 3 May 2007 Asger Aamund Chairman Contacts: Peter Wulff, President & CEO Telephone: +45 33 26 83 83 About Bavarian Nordic A/S: Bavarian Nordic (CSE: BAVA) is a leading international biopharmaceutical company developing and producing innovative vaccines to prevent and treat infectious diseases and cancer. With operations in Denmark, Germany, the USA, and Singapore, Bavarian Nordic employs over 200 people. Bavarian Nordic's patented technology, MVA-BN®, is as been demonstrated in clinicial studies, one of the world's safest, multivalent vaccine vectors for the development of vaccines against various infectious diseases such as smallpox, HIV/AIDS, as well as against breast and prostate cancer. Several MVA-BN®-based HIV and smallpox vaccines are in clinical Phase I and Phase II trials. Bavarian Nordic has ongoing development contracts with the US government to develop IMVAMUNE® as a safe third-generation smallpox vaccine. Bavarian Nordic has supplied several other governments with smallpox vaccines. For more information please visit www.bavarian-nordic.com “Safe Harbour" Statement Under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, this release contains "forward-looking statements" within the meaning of the Private Securities Reform Act of 1995. No "forward-looking statement" can be guaranteed, and actual results may differ materially from those projected. Bavarian Nordic undertakes no obligation to publicly update any "forward-looking statement", whether as a result of new information, future events, or otherwise. Additional information regarding risks and uncertainties is set forth in the current Annual Report, which we incorporate by reference. Stockwise Resumé Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such
Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such
| Source: Bavarian Nordic A/S
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