Growing interest for probiotics in Europe - Probi signs new agreements in Functional Food and Consumer Healthcare

Probi has signed several new agreements with local players in different European
markets, both within functional food and consumer healthcare segments. Among
others,  Probi’s new iron absorption product Probi FerroSorb®will be launched in
Austria, as the second market after the launch in Sweden earlier this year. In
addition, a new innovative functional food application - plant-based vegan ice
cream, including Probi’s well-documented strain LP299V® - will be introduced to
several European markets.

Probi has signed agreements with three different partners in Sweden, Iceland and
Austria. Among those, Probi has entered into a license and supply agreement with
Swedish BoFood, which offers tasty, healthy, environmental friendly and plant
-based food products. Vegan food and functional food are two growing trends and
BoFood has now brought them together. BoFood sells its products under the Love
Ice brand to the retail and food service market. The European launch is planned
for the second half of 2016.

”There has been strong growth in the North American and Asian probiotic markets
the past few years. We now see a growing interest in Europe too, and our new
distribution agreements clearly reflect this positive trend,” says Niklas
Bjärum, Vice President of Marketing & Sales.

Probi has also signed a supply and distribution agreement with Sanova Pharma
GesmbH in Austria for Probi’s latest product platform Probi FerroSorb®. Probi
FerroSorb is targeting women at risk of iron deficiency, and was launched in
Sweden in the beginning of the year. Austria will be the second market for
launch after Sweden. Sanova is a pharmaceutical company, which is engaged in
sales, distribution and marketing of RX, OTX, OTC and probiotic products in
Austria. Probi FerroSorb fits very nicely into their existing product portfolio
and will be introduced to the Austrian market this summer.

Lastly, Probi has signed a distribution agreement for Probi Digestis®, Probi’s
gastro-health concept, with Abel ehf. for the Icelandic market. The launch of
the probiotic dietary supplement product started already in May 2016 throughout
Iceland, and the product was distributed by the local partner Distica ehf.

FOR FURTHER INFORMATION, CONTACT:
Peter Nählstedt, CEO, Probi, tel +46 46 286 89 23 or mobile +46 723 86 99 83, e
-mail: peter.nahlstedt@probi.se
Niklas Bjärum, VP Marketing & Sales, Probi, tel +46 46 286 89 67 or mobile
+46 705 38 88 64, e-mail: niklas.bjarum@probi.se

ABOUT PROBI
Probi AB is a Swedish publicly traded bioengineering company that develops
effective and well-documented probiotics. Through its world-leading research,
Probi has created a strong product portfolio in the gastrointestinal health and
immune system niches. Probi’s products are available to consumers in more than
30 countries worldwide. Probi’s customers are leading food, health-product and
pharmaceutical companies in the Functional Food and Consumer Healthcare
segments. In 2015 Probi had sales of MSEK 216. The Probi share is listed on
NASDAQ OMX Stockholm, Small Cap. Probi has about 3,500 shareholders. Read more
at www.probi.se.