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Scandion Oncology A/S: Scandion Oncology A/S new share issue oversubscribed

On October 18, 2018, the subscription period for Scandion Oncology
A/S's ("Scandion Oncology") new share issue of approx. SEK 26 million
prior to listing on Spotlight Stock Market ("Spotlight") was
completed. Scandion Oncology received subscription for a total of
approx. SEK 104.7 million, including presubscription commitments,
from a total of 74 pre-subscribers. This corresponds to a total
subscription ratio of approx. 402.7 percent. Through the new share
issue, Scandion Oncology will receive approx. 1 500 new shareholders.
Settlement notes are scheduled to be sent to all allotted
shareholders today.

Subscription and allotment

The new share issue of approx. SEK 26 million was oversubscribed to
approx. SEK 104.7 million, including presubscription commitments of
approx. SEK 18.5 million. Allotment of shares has been decided upon
by Scandion Oncology's Board of Directors in accordance with the
principles stated in the memorandum. The shares (excl. the shares
subscribed by pre-subscribers who are guaranteed allocation) will be
distributed in minimum posts of 860 shares to a total of approx. 1
465 new shareholders, out of the total number of subscribers of 2 938
who subscribed in the new share issue. This way, the maximum number
of new shares, 4,444,444 in total, will be issued, and Scandion
Oncology will receive SEK 25,999,997.40 before costs of approx. SEK
2.2 million related to the issue.

Settlement notes are scheduled to be sent to all allotted shareholders
today, October 23, 2018. Subscribers that do not get an allocation of
shares will not receive a settlement note but will receive the
information that they unfortunately did not receive any stocks in
Scandion Oncology.

Nils Brünner, CEO of Scandion Oncology, comments:

I want to express my sincere thanks for the trust all the new
shareholders have shown us. We will do our very best to fulfil their
expectations. At Scandion Oncology, we are now looking forward to
continue the important work with an aim to develop drugs that can be
to the benefit of the millions of cancer patients who develop drug
resistant cancer disease. We expect to treat the first cancer
patients with SCO-101 in combination with chemotherapy late 2019 when
the drug production and formulation have been completed.

Listing on Spotlight Stock Market

The first day of trading in Scandion Oncology's shares on Spotlight is
expected to be November 8, 2018. Scandion Oncology's shares will be
traded under the label "SCOL" and with ISIN code DK0061031895.

Number of shares and share capital

When Scandion Oncologys's new share issue has been registered at
Erhvervsstyrelsen, the total number of shares will amount to
11,907,651 shares and the share capital will amounts to DKK 875,212.

Financial advisor

Sedermera Fondkommission is financial advisor in connection to the new
share issue and the listing at Spotlight. Nordnet Bank AB was the
Selling Agent in the new share issue.

For additional information regarding the new share issue and planned
listing, please contact:

Sedermera Fondkommission
Phone: +46 (0) 40-615 14 10

For additional information regarding Scandion Oncology, please

Nils Brünner, CEO
Phone: +45 26 14 47 08

This information is information that Scandion Oncology is obliged to
publish in accordance to the EU Market Abuse Regulation. The
information was provided by the contact person above for publication
on October 23, 2018.

Scandion Oncology A/S is a biotechnology company founded in 2017 for
the purpose of addressing and tackling one of the greatest challenges
in modern oncology - the effective treatment of cancer which contains
drug resistant cell clones or which has developed resistance to a
previously prescribed cancer-fighting drug. In preclinical animal
studies, the company's leading candidate drug, SCO-101, has been
found to significantly enhance the efficacy of certain standard
cancer treatments when given in combination. It has been shown in
in-vitro-studies that SCO-101 restores chemotherapy sensitivity in
resistant cells.


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