Bavarian Nordic A/S - Major Shareholder Announcement

In pursuance of the Danish Securities Trading Act's section 29,
please be informed that Bavarian Nordic A/S has received information
that Lønmodtagernes Dyrtidsfond (LD) has increased its holding of
shares in Bavarian Nordic A/S, now owning more than 5.4 % of the
share capital.



Asger Aamund
Chairman



Contact: Anders Hedegaard, President & CEO | +45 23 20 30 64