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Company Announcement no. 04-06
31 March 2006
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Bavarian Nordic A/S – List of stock exchange announcements from 1 January 2005 to 23 March 2006

Pursuant to Section § 27a of the Danish Act on Securities Trading, Bavarian Nordic A/S herby publishes a chronologic list of published stock exchange announcements from 1 January to 23 March 2006.

The full text of the stock exchange announcements in Danish and English can be found at: www.bavarian-nordic.com/investor.

Number

Date

Subject

2006

3

23 March

Capital increase of DKK 5,791,250 (579,125 shares of DKK 10) in Bavarian Nordic A/S finalised

2

22 March

Bavarian Nordic A/S – Annual results 2005

1

16 February

Bavarian Nordic A/S further enforces its intellectual property rights against Acambis

2005

37

28 December

European patent issued to Bavarian Nordic A/S on MVA-BN®

36

22 December

Bavarian Nordic Status

35

6 December

Bavarian Nordic A/S included in Morgan Stanley Capital International’s Small Cap Index and announces 2006 Finance Calendar

34

27 October

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

33

26 October

Bavarian Nordic A/S – Third quarterly report as of 30 September 2005

32

21 September

U.S. International Trade Commission initiates investigation against Acambis plc MVA smallpox vaccine products on Bavarian Nordic A/S complaint

31

22 August

Interim results as of 30 June 2005 and update on company developments

30

19 August

Bavarian Nordic A/S enforces its intellectual property rights against Acambis plc and Acambis Inc.

29

16 August

US Government issues RFP-III for the purchase of 20 million doses of MVA-based smallpox vaccine

28

20 July

Bavarian Nordic initiate a phase II clinical trial with IMVAMUNE™ in HIV-infected patients

27

5 July

Bavarian Nordic A/S receives US patent on MVA

26

22 June

Bavarian Nordic’s Rights Issue fully subscribed

25

20 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

24

15 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

23

14 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

22

13 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

21

10 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

20

9 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

19

8 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

18

7 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

17

6 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

16

3 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

15

2 June

Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

14

19 May

Bavarian Nordic A/S publishes prospectus for rights issue

13

15 May

US Health authorities issue draft RFP-III on the public tender for the purchase of up to 80 million doses of MVA-based smallpox vaccine

12

10 May

Bavarian Nordic A/S – Quarterly report for the first quarter of 2005

11

3 May

Bavarian Nordic A/S issues revised financial calendar for 2005

10

26 April

Bavarian Nordic A/S – Report on the results of the annual meeting, held 26 April 2005

9

7 April

Update on the manufacturing facility in Kvistgård

8

5 April

Notice convening ordinary general meeting in Bavarian Nordic A/S

7

1 April

Bavarian Nordic A/S – Quarterly statement of share ownership

6

3 March

Bavarian Nordic A/S – Annual Results 2004

5

1 March

Bavarian Nordic A/S issues revised financial calendar for 2005

4

24 February

Bavarian Nordic A/S provides update on business and development activities

3

17 February

Bavarian Nordic A/S’ German manufacturing facility approved by legal authority

2

14 February

Bavarian Nordic A/S to raise new capital for vaccine production and product development and publishes its expectations for 2005

1

3 January

Bavarian Nordic A/S – Quarterly statement of share ownership





Kvistgård, 31 March 2006

Asger Aamund
Chairman
Contacts:
Anders Hedegaard, President & CEO, Tel.: +45 3326 8383
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