Continued positive sales development, +54% in the quarter and new distribution
agreements in place for key markets.
January – September 2012

  · Global Net sales grew by 72% to SEK 110.8m (64.4). Adjusted for currency
fluctuations, net sales rose by 69% Year over Year (Y-o-Y)
  · The worldwide number of NIOX MINO® repeat tests sold increased by 48% and
for clinical use in the US grew by 68%
  · The loss after tax amounted to SEK 138.6m (88.0), corresponding to a loss
per share before and after dilution of SEK 1.1 (0.9). The increased loss was
primarily driven by increased investments in commercial and reimbursement
activities in the US, termination payments for previous distribution agreements,
increased litigation expenses and costs related to the Groups Long Term
Incentive plans.

July – September 2012

  · Global net sales grew by 54% to 34.8 (22.6) MSEK
  · The worldwide number of NIOX MINO® repeat tests sold increased by 44% and
for clinical use in the US grew by 56%
  · The loss after tax amounted to SEK 58.1m (31.8), corresponding to a loss per
share before and after dilution of SEK 0.4 (0.3).
  · Aerocrine AB and Stallergenes S.A (Euronext Paris CAC small) entered into an
exclusive multi-year distribution agreement for Aerocrine’s airway inflammation
monitor and test kit. The agreement will initially cover France, Italy, Poland,
Turkey and several countries in the Middle East and could be extended to
additional countries.
  · Aerocrine AB signed an import and distribution agreement with Shanghai
Pharmaceuticals Holding Co., Ltd. (SPH) for Aerocrine’s products for the Chinese
market. SPH is the second largest pharmaceutical company in China, with an
extensive network of local sales representatives across China.
  · A negative decision by the Federal Patent Court in Munich regarding the
validity of one of Aerocrine’s German patents was announced. Aerocrine intends
to appeal the German decision.

Significant events after the period

  · Continued improvement of reimbursement in the US as Medica Health Plans of
Minnesota, a BlueCross BlueShield company, announces that they have updated
their medical policy for FeNO testing and provides positive coverage effective
September 19, 2012.

AEROCRINE IN BRIEF

+-----------------------------+-----+----------+------+------------+---------+
|                             |July - September|January - September|Full year|
+-----------------------------+-----+----------+------+------------+---------+
|SEKm                         |2012 |2011      |2012  |2011        |2011     |
+-----------------------------+-----+----------+------+------------+---------+
|Net sales                    |34.8 |22.6      |110.8 |64.4        |93.5     |
+-----------------------------+-----+----------+------+------------+---------+
|Gross profit/loss            |26.0 |15.8      |79.8  |43.5        |64.2     |
+-----------------------------+-----+----------+------+------------+---------+
|Gross margin %               |75%  |70 %      |72%   |68 %        |69 %     |
+-----------------------------+-----+----------+------+------------+---------+
|Operating profit/loss        |-56.1|-27.9     |-133.5|-83.3       |-132.8   |
+-----------------------------+-----+----------+------+------------+---------+
|Net profit after tax         |-58.1|-31.8     |-138.6|-88.0       |-138.7   |
+-----------------------------+-----+----------+------+------------+---------+
|Cash flow, current operations|-53.8|-17.4     |-135.1|-65.2       |-96,5    |
+-----------------------------+-----+----------+------+------------+---------+
|Total cash flow              |-56.1|-17.6     |98.0  |-70.9       |-102.8   |
+-----------------------------+-----+----------+------+------------+---------+

For further information, please contact:

Scott Myers, CEO: +46 768 788 379 or +1 970 368
0336

Michael Colérus, CFO: +46 8 629 07 85

www.aerocrine.com or www.niox.com
About Aerocrine

Aerocrine AB is a medical technology company focused on the improved management
and care of patients with inflammatory airway diseases. As the pioneer and
leader in the technology to monitor and manage airway inflammation, Aerocrine
markets NIOX® Flex and NIOX MINO®. Both products enable fast and reliable
management of airway inflammation and may therefore play a critical role in more
effective diagnosis, treatment and follow-up of patients with inflammatory
airway diseases such as asthma. Aerocrine is based in Sweden with subsidiaries
in the US, Germany, the UK and CH. Aerocrine shares were listed on the Stockholm
Stock Exchange on 15 June 2007. Aerocrine discloses the information provided
herein pursuant to the Securities Markets Act and/or the Financial Instruments
Trading Act. The information was submitted for publication at 08:00 a.m.
on November 2, 2012.