Total number of voting rights and share capital in Bavarian Nordic A/S

Kvistgård, Denmark, May 31, 2011 - Bavarian Nordic A/S (NASDAQ OMX: BAVA) completed an offering of new shares on 27 May 2011 where 12,918,593 new shares with a nominal value of DKK 10 each were subscribed. Accordingly, the Company's share capital was increased.

Pursuant to section 6 of Executive Order no. 220 of 10 March 2010 on Issuers' Disclosure Obligations, it is hereby announced that the total nominal value of Bavarian Nordic A/S' share capital is DKK 258,806,450 at the end of May 2011, which is made up of 25,880,645 shares of a nominal value of DKK 10 each corresponding to 25,880,645 votes.