Bavarian Nordic – Transactions in Connection with Share Buy-Back Program

Bavarian Nordic A/S has repurchased 401,322 shares under its DKK 250 million buy-back program launched September 1, 2026, with an average purchase price of DKK 210.19. The company now holds 3,959,913 treasury shares, representing 4.996% of share capital. The program runs through October 30, 2026.