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

An increase of the share capital by Bavarian Nordic A/S was effected on 2 February 2010 by subscription of 3,960,307 shares, with a nominal value of DKK 10 each.

Pursuant to section 6 of Executive Order no. 1273 of 16 December 2008 on Issuers' Disclosure Obligations, it is hereby announced that the total nominal value of Bavarian Nordic A/S' share capital is DKK 119,120,520 at the end of February 2010, which is made up of 11,912,052 shares of a nominal value of DKK 10 each corresponding to 11,912,052 votes.