Bavarian Nordic Transactions In Connection With Share Buy-Back Program

(MENAFN- GlobeNewsWire - Nasdaq) COPENHAGEN, Denmark, March 16, 2026 – Bavarian Nordic A/S (OMX: BAVA) announces transactions under the share buy-back program launched on March 12, 2026, under which the Company will repurchase shares for an amount up to DKK 200 million in the period from March 12, 2026 to May 13, 2026. The program is executed in accordance with Regulation (EU) No. 596/2014 (as amended) of the European Parliament and of the Council on market abuse and Commission Delegated Regulation (EU) 2016/1052, which together constitute the Safe Harbour Regulation.

Since initiation of the program, the following transactions have been made by Nordea on behalf of Bavarian Nordic:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
March 12, 2026	34,100	177.19	6,042,217
March 13, 2026	5,986	176.94	1,059,173
Accumulated under the program	40,086	177.15	7,101,390

The details for each transaction made under the share repurchase program are published on bavarian-nordic.

Following these transactions and adjusted for the transfer of shares to current and former members of the Executive Management related to the vesting of restricted stock units on March 12, 2026, Bavarian Nordic holds a total of 1,737,847 treasury shares, corresponding to 2.19 % of the Company's share capital.

About Bavarian Nordic
Bavarian Nordic is a global vaccine company with a mission to improve health and save lives through innovative vaccines. We are a preferred supplier of mpox and smallpox vaccines to governments to enhance public health preparedness and have a leading portfolio of travel vaccines. For more information, visit

Forward-looking statements
This announcement includes forward-looking statements that involve risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements include statements concerning our plans, objectives, goals, future events, performance and/or other information that is not historical information. All such forward-looking statements are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. We undertake no obligation to publicly

Contact investors:
Europe: Disa Tuominen, IR Manager, ...
US: Graham Morrell, Gilmartin Group, ..., Tel: +1 781 686 9600

Contact media:
Nicole Seroff, Vice President Corporate Communications, ..., Tel: +45 53 88 06 03

Company Announcement no. 12 / 2026

Attachments

• Bavarian Nordic – Transactions in Connection with Share Buy-Back Program
• Appendix with detailed transaction data

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