Primary insider Christian Åbyholm, a member of the VACCIBODY AS board,
represents Andenaesgruppen (including Kvantia AS and Christiania Skibs AS).  As
part of a process to streamline the ownership structure of Andenaesgruppen,
Kvantia AS has today sold 700,000 Vaccibody shares to Finyield AS at NOK 74 per
share. Finyield AS is one of the owners of Kvantia AS. After the transaction
Christian Åbyholm (board member) through Caaby AS holds 1,995,895 Vaccibody
shares and 100,000 warrants and Andenaesgruppen (through Kvantia AS and
Christiania Skibs AS) represented by Christian Åbyholm owns 17,170,575 Vaccibody
shares and in addition Norda ASA represented by Christian Åbyholm owns 7,996,755
Vaccibody shares.