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Company Announcement no. 24-08
19 November 2008
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Bavarian Nordic A/S – Major Shareholder Announcement

In pursuance of the Danish Securities Trading Act's section 29, please be informed that Bavarian Nordic A/S has received information that Lønmodtagernes Dyrtidsfond (LD) has increased its holding of shares in Bavarian Nordic A/S, now owning more than 5.4 % of the share capital.


Asger Aamund
Chairman

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