Announcement 2/2007


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA,      
AUSTRALIA OR JAPAN                                                              


Announcement no. 2/2007                                                         

Copenhagen, 22 May 2007                                                        

To the Copenhagen Stock Exchange and the press                                  


Summary: Exiqon A/S closes its initial public offering for applications for     
shares up to and including DKK 2 million.                                       


Exiqon offering closed for applications for shares up to and including DKK 2    
million                                                                         

Due to substantial demand for shares in Exiqon A/S, the company resolved on     
Tuesday, 22 May 2007 at 5:00 pm to close the part of the offering that relates  
to applications for shares up to and including DKK 2 million.                   

Details about the final settlement price and allocation of shares are expected  
to be announced on or before Wednesday, 30 May 2007. 

For additional information please contact:                                      
Lars Kongsbak, CEO, tel. +45 4566 0888 or +45 4090 2101                         


DISCLAIMER                                                                      

Forward-looking statements                                                      

This announcement contains forward-looking statements regarding the Company's   
future development and financial performance and other statements which are not 
historical facts. Such statements are made on the basis of assumptions and      
expectations which, to the best of the Company's knowledge, are reasonable and  
well-founded at this time, but which may prove to be erroneous. The Company's   
operations are characterised by the fact that its actual results may deviate    
significantly from those described herein as anticipated, believed, estimated or
expected.                                                                       

This announcement is not an offer to sell or a solicitation to buy any of the   
shares that the Company may offer in connection with the potential IPO.         

This announcement is not an offer of securities for sale in the Company. The    
shares in the Company have not been registered under the U.S. Securities Act of 
1933, as amended (the “Securities Act”) and may not be offered or sold in the   
United States, unless so registered or an exemption from the registration       
requirement under the Securities Act has been granted. Any public offering of   
shares in the Company will be made by means of a prospectus that may be obtained
from the issuer and that will contain detailed information about the Company and
management, as well as financial statements.                                    

This announcement is not being issued in the United States of America and may   
not be distributed to U.S. persons (as defined in Regulation S of the U.S.      
Securities Act of 1933, as amended) or publications available for general       
distribution in the United States. This announcement is not an offer or a       
solicitation to purchase securities in the United States. The securities of     
Exiqon A/S' have not been registered under the Securities Act and may not be    
offered, sold or delivered in the United States or to U.S. persons without      
registration or inapplicable exemption from the registration requirements of the
US securities laws.                                                             
                                                                                
This announcement is solely communicated to or directed at persons who (i) are  
outside the United Kingdom, or (ii) persons falling within article 19(5) of the 
U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005,  
as amended, (the “Order”) (investment professionals), or (iii) are persons      
falling within article 49(2)(a)-(d) of the Order (“high net worth companies”,   
unincorporated associations, etc.) (all such persons together being referred to 
as “Relevant Persons”). Persons who are not Relevant Persons should not act on  
the basis of or rely on this communication or the information contained therein.
Any investment or investment activity to which this communication relates is    
available only to Relevant Persons and will be engaged in only with Relevant    
Persons.                                                                        

This announcement must not be released or made available in and must not be     
released or made available to persons in the United States, Australia, Canada or
Japan.”