Registration of capital increase completed


Company Announcement                                                            
No. 7/2010                                                                      
26 November 2010                                                                

Registration of capital increase completed                                      

With reference to company announcement no. 5/2010, Zealand Pharma A/S hereby    
announces that the capital increase of 4,336,047 new shares with a nominal value
of DKK 1 each has been registered with the Danish Commerce and Companies Agency 
on 26 November 2010.                                                            

Following registration of the new shares, the share capital of Zealand Pharma   
A/S is nominal DKK 22,018,116 divided into 22,018,116 shares with a nominal     
value of DKK 1 each.                                                            

Each share of nominal DKK 1 carries one vote at general meetings in Zealand     
Pharma A/S.                                                                     

Updated articles of association are attached.   
                                
                                     # # #                                      

For further information, please contact:                                        

Zealand Pharma A/S                                                              
David Solomon, President and Chief Executive Officer                            
Tel: +45 4328 1200                                                              

M:Communications                                                                
Mary-Jane Elliott / Emma Thompson / Amber Bielecka                              
Tel: +44(0) 20 7920 2330                                                        

About Zealand Pharma A/S                                                        
Zealand Pharma is a Danish biopharmaceutical company dedicated to the discovery 
and development of innovative peptide drugs. The Company targets diseases where 
it believes existing treatments fail to adequately serve the medical needs of   
patients and the market potential for improved treatments through the use of    
peptide drugs is high.                                                          

Zealand Pharma focuses on three therapeutic areas: metabolic (diabetes and      
obesity), gastrointestinal and cardiovascular diseases. The Company's expertise 
in peptide discovery, optimization and development has resulted in a strong and 
growing pipeline of novel peptide drug candidates with favourable therapeutic   
attributes.                                                                     

Since 1999, Zealand Pharma's scientists have built a pipeline that includes five
compounds in clinical development, four of which have been out licensed, two of 
these with major pharmaceutical companies (sanofi-aventis and Helsinn           
Healthcare). 

All of Zealand Pharma's compounds emerged from the Company's own   
drug discovery.                                                                 

Zealand Pharma is based in Copenhagen. For more information please visit the    
Company's web site: www.zealandpharma.com.                                      


Disclaimer: The securities described herein may not be offered or sold in the   
United States unless they are registered or exempt from registration under the  
U.S. Securities Act of 1933, as amended (the “Securities Act”) and any United   
States state securities laws. The securities have not been and will not be      
registered under the Securities Act or any United States state securities laws, 
and the Company does not intend to make a public offer of its securities in the 
United States.                                                                  

This announcement and the information contained herein does and shall not       
constitute an offer to sell or the solicitation of an offer to buy, nor shall   
there be any sale of the securities referred to herein in the United States or  
any jurisdiction in which such offer, solicitation or sale would be unlawful    
prior to registration, exemption from registration or qualification under the   
securities laws of any jurisdiction. This announcement is an advertisement and  
not a prospectus and investors should not subscribe for or purchase any         
securities referred to in this announcement except on the basis of information  
provided in the Offering Documents.                                             

No public offer of securities has been or will be made outside of Denmark. Any  
offer of securities that may be deemed to be made pursuant to this communication
in any EEA Member State, other than Denmark, that has implemented Directive     
2003/71/EC (together with any applicable implementing measures in any Member    
State, the "Prospectus Directive") is only addressed to and is only directed at 
qualified investors in that Member State within the meaning of the Prospectus   
Directive.                                                                      

This announcement does not constitute an offer to the public in the United      
Kingdom. No prospectus has been or will be approved in the United Kingdom in    
respect of the securities. This announcement is not made, and has not been      
approved, by an “authorised person” within the meaning of Section 21(2) of the  
Financial Services and Markets Act 2000. As a consequence, this announcement is 
directed only at persons who (i) are located outside the United Kingdom, (ii)   
have professional experience in matters relating to investments and fall within 
Article 19(5) (“investment professionals”) of the Financial Services and Markets
Act 2000 (Financial Promotions) Order 2005, (iii) are persons falling within    
Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations,
etc.”) of the Financial Services and Markets Act 2000 (Financial Promotion)     
Order 2005 or (iv) are persons to whom this communication may otherwise lawfully
be communicated (all such persons together being referred to as “Relevant       
Persons”). The Securities are directed only at Relevant Persons and no          
invitation, offer or agreements to subscribe, purchase or otherwise acquire     
Securities may be proposed or made other than with Relevant Persons. Any person 
other than a Relevant Person may not act or rely on this document or any        
provision thereof. This announcement is not a prospectus which has been approved
by the Financial Services Authority or any other United Kingdom regulatory      
authority for the purposes of Section 85 of the Financial Services.

Pièces jointes

zeal_uk_capital increase completed_aoa_2611.pdf