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

Bavarian Nordic A/S has repurchased 146,973 shares under its DKK 150 million buy-back program launched on June 2, 2026, spending approximately DKK 26.7 million at an average price of DKK 181.75 per share. The company now holds 2,884,957 treasury shares, representing 3.64% of its share capital.