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2016-01-28

Bionor Pharma ASA: Primary insider trades and mandatory notification of trade by the CEO

BIONOR PHARMA ASA

STOCK EXCHANGE ANNOUNCEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES

Primary insider trades and mandatory notification of trade by the CEO

(Oslo, Norway, 28 January 2016) Reference is made to the announcement on 27
January 2016 (the Completion Announcement") regarding conditional approval of
a private placement (the "Private Placement") in Bionor Pharma ASA (the
"Company"), through issuance of 63,380,282 new shares with a par value of NOK
0.25 at a subscription price of NOK 0.71 per share (the "Shares") in addition
to allocation of one warrant entitling to subscription of one new share with
a par value of NOK 0.25 at a subscription price of NOK 0.71 per share (as
further described in the Completion Announcement in total 63,380,282 warrants
(the "Warrants").

Certain primary insiders of the Company subscribed for and were allocated
Shares and Warrants in the conditional Private Placement on the terms of the
Private Placement. Details of primary insiders allocation and total holding
of shares and options following completion of the Private Placement:

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| Name Position Allocated shares Total shares Total Warrants Total options |
| Russell G. Greig Chairman 92,400 162,830 92,400 |
| Øystein Soug through Abakus AS1 Vice-Chairman 105,600 248,020 105,600 |
| Thomas Hofstaetter Board Member 70,423 105,638 70,423 |
| Jerome B. Zeldis Board Member 231,100 498,315 231,100 |
| Bernd Seizinger Board Member 89,700 124,915 89,700 |
| Benedicte Fossum through Mittas AS2 Board Member 158,400 229,978 158,400 |
| David Solomon CEO 9,173,838 9,173,838 9,173,838 2,500,000 |
| Jens Krøis CFO 105,600 105,600 105,600 |
| Kamilla Rolsted Chief Strategy and Business Officer 132,000 132,000 132,000 500,000 |
| Barbara Ruskin General Counsel 92,900 92,900 92,900 500,000 |
| |
| Chief Patent Officer |
| Søren Keller Chief Operating Officer 70,423 70,423 70,423 500,000 |
| Cecilie Grue through Grue Invest AS3 Legal Director 105,600 105,600 105,600 |
--------------------------------------------------------------------------------------------------------------------------------------------
1Abakus AS is controlled by Øystein Soug

2Mittas AS is controlled by Benedicte Fossum

3Grue Invest AS controlled by Cecilie GrueFurther information

David Horn Solomon, President and CEO, +45 22 20 63 00, dhs@bionorpharma.com
Jens Krøis, CFO, +45 20 80 16 68, jk@bionorpharma.com
Jørgen Fischer Ravn, VP Investor Relations&Communications, +45 20 30 39 03,
jfr@bionorpharma.com

About Bionor

Bionor Pharma is a Norwegian biopharmaceutical company focused on advancing
its proprietary therapeutic vaccine Vacc-4x in combination with other
medicines toward a functional HIV cure. The company believes it has first
mover potential based on clinical results to date and early adoption of now
recognized clinical strategy. In December 2015, Bionor announced that the HIV
'Shock&Kill' trial REDUC with Vacc-4x and romidepsin successfully met its
primary endpoint by significantly reducing latent HIV reservoir and further
demonstrated control of viral load. Bionor is currently planning BIOSKILL, a
proof-of-concept Phase II trial, which may lead to a major value inflection
point and partnering opportunities. Bionor currently retains full ownership
rights to Vacc-4x, i.e., the upside potential from partnering or licensing
remains with the company. Bionor is based in Oslo, Norway, and also has
offices in Copenhagen, Denmark and New York, USA. Bionor is listed on Oslo
Børs (OSE:BIONOR). More information about Bionor is available
atwww.bionorpharma.com.

Important information:
The release is not for publication or distribution, in whole or in part
directly or indirectly, in or into Australia, Canada, Japan or the United
States (including its territories and possessions, any state of the United
States and the District of Columbia).

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act. It is issued for information
purposes only, and does not constitute or form part of any offer or
solicitation to purchase or subscribe for securities, in the United States or
in any other jurisdiction. The securities mentioned herein have not been, and
will not be, registered under the United States Securities Act of 1933, as
amended (the "Securities Act"). The securities may not be offered or sold in
the United States except pursuant to an exemption from the registration
requirements of the Securities Act. The Company does not intend to register
any portion of the offering of the securities in the United States or to
conduct a public offering of the securities in the United States. Copies of
this announcement are not being made and may not be distributed or sent into
Australia, Canada, Japan or the United States. The issue, exercise, purchase
or sale of subscription rights and the subscription or purchase of shares in
the Company are subject to specific legal or regulatory restrictions in
certain jurisdictions. Neither the Company nor the Manager assumes any
responsibility in the event there is a violation by any person of such
restrictions.

The distribution of this release may in certain jurisdictions be restricted by
law. Persons into whose possession this release comes should inform
themselves about and observe any such restrictions. Any failure to comply
with these restrictions may constitute a violation of the securities laws of
any such jurisdiction. The Manager is acting for the Company and no one else
in connection with the Private Placement and will not be responsible to
anyone other than the Company for providing the protections afforded to their
respective clients or for providing advice in relation to the Private
Placement and/or any other matter referred to in this release.

Primary insider trades
http://hugin.info/131219/R/1981486/726145.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bionor Pharma ASA via Globenewswire

HUG#1981486

Författare WKR

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