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 ATP and ATP Invest have increased their holding of shares in
Bavarian Nordic A/S.

ATP and ATP Invest subsequently hold 400,466 shares, corresponding to
5.12 % of the total shares in Bavarian Nordic A/S.



Asger Aamund
Chairman



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

Attachments

02-09_uk.pdf