The Annual General Meeting of Targovax ASA (the "Company") will be held at the
Company's offices at Lysaker, on 17 March 2021 at 10:00 CET.

As a consequence of the extraordinary situation related to the corona virus the
Company encourages shareholders not to attend the general meeting in person, but
rather to make use of the ability to cast an advance vote or to vote by proxy.

Corona measures
The Company will hold the general meeting in such a way as to minimize the risk
of infection as much as possible and will take such measures as may be necessary
to comply with governmental regulations in connection with the general meeting.

The Annual General Meeting will be conducted as briefly as possible, and
representation of Targovax's Board of Directors and administration will be kept
to a minimum.

No refreshments will be served and necessary infection prevention measures will
be taken for shareholders attending in person.

Notice of attendance
Notice of attendance must be received no later than 15 March 2021 at 16:00 CET.

Casting of advance votes and submission of proxies must be received no later
than 15 March 2021 at 16:00 CET.

Attached you will find the notice to the General Meeting, including appendices.
The notice and appendices will also be made available on Targovax' website
https://www.targovax.com/en/section/governance/general-meetings/.

TRVX - Notice AGM 17 March
2021.pdf (https://mb.cision.com/Public/17093/3288942/ae2b091305cdb000.pdf)

For further information, please contact:
Renate Birkeli, Investor Relations
Phone: +47 922 61 624
Email: renate.birkeli@targovax.com
Media enquires:
Andreas Tinglum - Corporate Communications (Norway)
Phone: +47 9300 1773
Email: andreas.tinglum@corpcom.no

IR enquires:
Kim Sutton Golodetz - LHA Investor Relations (US)
Email: kgolodetz@lhai.com
Phone: +1 212-838-3777

About TargovaxActivating the patient's immune system to fight cancer
Targovax (OSE:TRVX) is a clinical stage immuno-oncology company developing
immune activators to target hard-to-treat solid tumors. Targovax aims to unlock
greater clinical benefits in cancer patients by deploying multifunctional
platforms to target key immune regulators and oncogenic drivers. Targovax's
focus is to "activate the patient's immune system to fight cancer", thus
extending and transforming the lives of cancer patients with targeted
therapeutic cancer immunotherapies. Targovax's pipeline aims at different cancer
indications, including melanoma, mesothelioma and colorectal cancer. The
products are designed to harness the patient's own immune system to fight the
cancer, whilst also delivering a favorable safety and tolerability profile.

Targovax's lead product candidate, ONCOS-102, is a genetically modified
oncolytic adenovirus, which has been engineered to selectively infect cancer
cells and activate the immune system to fight the cancer. On the back of very
encouraging data in several indications, in monotherapy and in multiple
combination, the next development steps for ONCOS-102 will involve a clinical
trial with registration intent in checkpoint inhibitor refractory melanoma.