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2016-10-20

FIT Biotech Oy: Conversion of FIT Biotech Oy's Convertible Notes into shares

FIT Biotech Oy

Company release October 20, 2016 at 14.00 EET

Conversion of FIT Biotech Oy's Convertible Notes into shares

Related to Convertible Note and Warrant Programmes established on September
26, 2016 between FIT Biotech Oy ("Company") and Bracknor Investment
("Bracknor") the Company's Board of Directors has today resolved to approve
Bracknor's request relating to the funding programme to convert EUR 30,000
worth of Convertible Notes into the Company's K shares.

Due to the conversion of the Convertible Notes, the Company issues 159,413 new
K shares in the Company to Bracknor with the conversion price of EUR 0.18819
per share.

As a result of the issue of the new K shares in the Company, the total number
of shares in the Company will increase to 38,081,188 shares, and the share
capital of the Company will be increased by EUR 29,999.93. After the issue of
the new K shares in the Company, the Company's shares will be divided in
share series as follows: 38,010,724 K shares, 5,229 A shares and 65,235 D
shares.

The increase of the share capital and new K shares in the Company will be
registered in the Trade Register on or about October 21, 2016 and the new K
shares will be admitted to trading on First North Finland on or about October
24, 2016.

FIT BIOTECH OY

Board of Directors

For further information:
Chairman of the Board of Directors Juha Vapaavuori
E-mail: juha.vapaavuori@fitbiotech.com
Tel: +358 50 372 0824

Certified Advisor: Aalto Capital Partners Oy, tel. +358 40 587 7000

About FIT Biotech
FIT Biotech Oy is a biotechnology company established in 1995. The company
develops and licenses its patented GTU® (Gene Transport Unit) vector
technology for new-generation medical treatments. GTU® is a gene transport
technology that meets an important medical challenge in the usability of gene
therapy and DNA vaccines.

FIT Biotech applies GTU® technology in its drug development programmes.
Application areas include cancer (gene therapy) and infectious diseases such
as HIV and tuberculosis, as well as animal vaccines.

FIT Biotech shares are listed on the First North Finland marketplace
maintained by Nasdaq Helsinki Oy.

DISTRIBUTION:
Nasdaq Helsinki Oy

Principal media

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: FIT Biotech Oy via Globenewswire

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