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2016-05-09

Targovax ASA: Registration of share capital increase following exercise of employee options

Reference is made to the notice of 14 April 2016 regarding the board of
directors' resolution to increase the share capital in Targovax ASA (the
"Company") in connection with the exercise of employee options. The share
capital increase has today been registered in the Register of Business
Enterprises (NW: Foretaksregisteret
). The new registered share capital in the Company is NOK 2,690,536,7
comprising of 26,905,367 shares with a par value of NOK 0.10 per share.

For further information please contact:

Øystein Soug
CFO
Phone: +47 906 56 525
Email:oystein.soug@targovax.com

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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: Targovax ASA via Globenewswire

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