Oslo, Norway, 10 August 2020

Nordic Nanovector ASA (OSE: NANO) announces that Dr Christine Wilkinson Blanc
has been appointed Chief Medical Officer with immediate effect. Dr Wilkinson
Blanc is a seasoned pharmaceutical physician with broad experience in oncology
and haematology with both large pharmaceutical and emerging biotechnology
companies. She has over 25 years of experience in the pharmaceutical industry
and has led multiple clinical studies across all phases for a wide range of
indications.

Dr Wilkinson Blanc joins us through her relationship with Weatherden, a
specialist clinical development consulting and execution company. She has been
Medical Director of Phi-Medics for 10 years, during which time she has provided
clinical development consultancy services across oncology and haematology to
pharma and biotech companies. The clients she has supported include Roche,
Pierre Fabre, Innate Pharma, IPSEN and Antisoma. She was also the Chief Medical
Officer of Psioxus Therapeutics between 2013 and 2016.

Prior to this, Dr Wilkinson Blanc was Medical Director in Oncology for a number
of companies including Ariad Pharma, Roche, GE Healthcare and Aventis.
Dr Wilkinson Blanc gained her medical qualification, as well as a specialisation
in Medical Biology, at the Universities of medicine of Lille and Lyon, France.

Dr Wilkinson Blanc will work with Dr Dominic Smethurst, Nordic Nanovector's
current Interim CMO for a short period to ensure a smooth handover of
activities.

Lars Nieba, Interim Chief Executive Officer, commented: "I would like to thank
Dominic his dedication and valuable contributions to the advancement of the
Company. I am very pleased that Christine has joined Nordic Nanovector as CMO.
Her vast experience in clinical development, particularly in oncology and
haematology, will be invaluable as we focus our resources and energy on
completing the PARADIGME study."

Dr Christine Wilkinson Blanc said: "I am excited to be joining Nordic Nanovector
as it works to ensure the completion of PARADIGME in a timely fashion.
Betalutin® is an exciting one-time treatment which has shown very promising
efficacy data in advanced follicular lymphoma. With a clear development path
following the recent successful Interim Analysis, I am looking forward to making
an important contribution to bring this novel drug candidate to this fragile
patient population, which is clearly in need of much improved treatment
options."

For further information, please contact:

IR enquiries

Malene Brondberg, CFO
Cell: +44 7561 431 762
Email: ir@nordicnanovector.com

Media Enquiries

Mark Swallow/Frazer Hall/David Dible (Citigate Dewe Rogerson)
Tel: +44 203 926 8535
Email: nordicnanovector@citigatedewerogerson.com

About Nordic Nanovector:

Nordic Nanovector is committed to develop and deliver innovative therapies to
patients to address major unmet medical needs and advance cancer care. The
Company aspires to become a leader in the development of targeted therapies for
haematological cancers. Nordic Nanovector's lead clinical-stage candidate is
Betalutin®, a novel CD37-targeting antibody-radionuclide-conjugate designed to
advance the treatment of non-Hodgkin's lymphoma (NHL). NHL is an indication with
substantial unmet medical need, representing a growing market forecast to be
worth nearly USD 29 billion by 2026. Nordic Nanovector retains global marketing
rights to Betalutin® and intends to actively participate in the
commercialisation of Betalutin® in the US and other major markets.

Further information can be found at www.nordicnanovector.com.

Forward-looking statements

This press release contains certain forward-looking statements. These statements
are based on management's current expectations and are subject to uncertainty
and changes in circumstances, since they relate to events and depend on
circumstances that will occur in the future and which, by their nature, will
have an impact on Nordic Nanovector's business, financial condition and results
of operations. The terms "anticipates", "assumes", "believes", "can", "could",
"estimates", "expects", "forecasts", "intends", "may", "might", "plans",
"should", "projects", "targets", "will", "would" or, in each case, their
negative, or other variations or comparable terminology are used to identify
forward-looking statements. These forward-looking statements are not historic
facts. There are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied in the forward
-looking statements. Factors that could cause these differences include, but are
not limited to, risks associated with implementation of Nordic Nanovector's
strategy, risks and uncertainties associated with the development and/or
approval of Nordic Nanovector's product candidates, ongoing and future clinical
trials and expected trial results, the ability to commercialise Betalutin®,
technology changes and new products in Nordic Nanovector's potential market and
industry, Nordic Nanovector's freedom to operate (competitors patents) in
respect of the products it develops, the ability to develop new products and
enhance existing products, the impact of competition, changes in general economy
and industry conditions, and legislative, regulatory and political factors. No
assurance can be given that such expectations will prove to have been correct.
Nordic Nanovector disclaims any obligation to update or revise any forward
-looking statements, whether as a result of new information, future events or
otherwise.

This information is subject to a duty of disclosure pursuant to Sections 4-2 and
5-12 of the Securities Trading Act.

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