Bavarian Nordic A/S announces insiders’ trading in company shares.

In accordance with Section 37 of the Danish Securities Trading Act, Bavarian Nordic A/S is required to publish a list of insiders' and closely related parties' trading Bavarian Nordic A/S’s shares on a daily basis, if the net value of such trades exceed DKK 50,000.

Accordingly, in the table below, the company has highlighted this information.

Securities ID	DK0015998017	DK0015998017
Trading Day	3 May 2004	4 May 2004
Net number of shares traded (pcs)	500	500
Value of net number of shares traded (DKK)	192,000	192,000
Total share holdings as of 6 May 2004 (pcs)		1,020,652
Market value of total share holdings (DKK)		381,723,848

Copenhagen, 10 May 2004

Asger Aamund, Chairman of the Board

Contacts:

Anders Hedegaard, President & CEO, Tel.: +45 3326 8383



Home \| Sitemap \| Disclaimer \| Privacy		Contact us