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Company Announcement no. 06-07
8 March 2007
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Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

Pursuant to Section § 28a of the Danish Act on Securities Trading, Bavarian Nordic A/S shall make public transactions of shares and related securities of Bavarian Nordic A/S by persons holding managerial responsibilities and/or persons/companies closely associated with such.

Name

Peter Wulff

Reason for transaction

President & CEO

Issuer

Bavarian NordicA/S

ID code/ISIN

DK0060074227

Description

Pre-emption rights

Transaction

Saleof pre-emption rights

Trading date

7 March 2007

Market

Copenhagen Stock Exchange

Number

35,558

Market value (DKK)

1,031,182.00




Kvistgård, 8 March 2007

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