NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TOU.S. NEWS WIRE SERVICES, OR IN OR INTOTHE UNITED STATES ,CANADA ,AUSTRALIA , THEHONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA,SOUTH AFRICA ORJAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASEBergen ,5 May 2020 :BerGenBio ASA (OSE:BGBIO) ("BerGenBio " or the "Company"), Reference is made to the stock exchange announcement byBerGenBio ASA (OSE:BGBIO) ("BerGenBio " or the "Company") on4 May 2020 regarding the successful completion of a private placement of 13,325,000 new shares in the Company (the "Private Placement") and a potential subsequent offering of up to 1,500,000 new shares (the "Subsequent Offering"). In accordance with the continuing obligations for companies listed on theOslo Stock Exchange , the following key information is given with respect to the Subsequent Offering: Date on which the terms and conditions of the Subsequent Offering were announced:4 May 2020 Last day including right:4 May 2020 Ex-date:5 May 2020 Record date:6 May 2020 Date of approval:11 June 2020 Maximum number of new shares: 1,500,000 Subscription price:NOK 37.50 Other information: The Subsequent Offering is subject to the publication of a prospectus approved by theNorwegian Financial Supervisory Authority . Notwithstanding the foregoing, the board of directors of the Company may, in its sole discretion, decide that the Company shall not carry out the Subsequent Offering. This information is published in accordance with the requirements of the Continuing Obligations for companies lister on theOslo Stock Exchange . For further information, please contact:Richard Godfrey , CEO richard.godfrey@bergenbio.com +47 917 86 304Rune Skeie , CFO rune.skeie@bergenbio.com +47 917 86 513 AboutBerGenBio ASA BerGenBio is a clinical-stage biopharmaceutical company focused on developing transformative drugs targeting AXL as a potential cornerstone of therapy for aggressive diseases, including immune-evasive, therapy resistant cancers. The company's proprietary lead candidate, bemcentinib, is a potentially first-in -class selective AXL inhibitor in a broad phase II oncology clinical development programme focused on combination and single agent therapy in lung cancer and leukaemia. A first-in-class functional blocking AXL antibody, tilvestamab (BGB149), is undergoing phase I clinical testing. In parallel,BerGenBio is developing a companion diagnostic test to identify those patient populations most likely to benefit from bemcentinib: this is expected to facilitate more efficient registration trials supporting a precision medicine-based commercialisation strategy.BerGenBio is based inBergen, Norway with a subsidiary inOxford, UK . The company is listed on theOslo Stock Exchange (ticker: BGBIO). www.bergenbio.com *** - IMPORTANT INFORMATION - This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction. This communication may not be published, distributed or transmitted in or intothe United States ,Canada ,Australia , theHong Kong Special Administrative Region ofthe People's Republic of China ,South Africa orJapan and it does not constitute an offer or invitation to subscribe for or purchase any securities in such countries or in any other jurisdiction. In particular, the document and the information contained herein should not be distributed or otherwise transmitted intothe United States of America or toU.S. persons (as defined in theU.S. Securities Act of 1933, as amended (the "Securities Act")) or to publications with a general circulation inthe United States of America . This document is not an offer for sale of securities inthe United States . The securities referred to herein have not been and will not be registered under the Securities Act, or the laws of any state, and may not be offered or sold inthe United States of America absent registration under or an exemption from registration under Securities Act.BerGenBio does not intend to register any part of the offering inthe United States . There will be no public offering of the securities inthe United States of America . The information contained herein does not constitute an offer of securities to the public in theUnited Kingdom . No prospectus offering securities to the public will be published in theUnited Kingdom . This document is only being distributed to and is only directed at (i) persons who are outside theUnited Kingdom or (ii) to investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Any offer of securities to the public that may be deemed to be made pursuant to this communication in any member state of the European Economic Area (each an "EEA Member State") that has implemented Directive 2003/71/EC (together with the 2010 PD Amending Directive 2010/73/EU, including any applicable implementing measures in any Member State, the "Prospectus Directive") is only addressed to qualified investors in that Member State within the meaning of the Prospectus Directive. This announcement is not a prospectus within the meaning of the Prospectus Directive, as implemented in each member State of the European Economic Area. With respect to the EEA Member States, no action has been undertaken or will be undertaken to make an offer to the public of the securities referred to herein requiring a publication of a prospectus in any Member State. As a result, the securities of the Company may not and will not be offered in any Member State except in accordance with the exemptions set forth in Article 3 of the Prospectus Directive. Investing in securities involves certain risks. This publication may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward -looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance ofBerGenBio and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements.BerGenBio assumes no responsibility to update forward -looking statements or to adapt them to future events or developments. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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