Total number of voting rights and share capital in Bavarian Nordic A/S as of 31 December 2009

As stated in company announcement no. 32/2009, earlier this month Bavarian Nordic A/S has issued 136,177 new 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 79,517,450 at the end of December 2009 which is made up of 7,951,745 shares each with a nominal value of DKK 10 corresponding to 7,951,745 votes.