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

Bavarian Nordic A/S announced transactions under its share buy-back program launched on September 1, 2026. Between October 12-16, 2026, the company repurchased 167,886 shares at an average price of 237.92 DKK, bringing total accumulated repurchases to 824,213 shares (5.53% of share capital) valued at 180.37 million DKK. The buy-back program allows for up to 250 million DKK in repurchases through October 30, 2026.