On February 27, 2018, Mr. Jan-Paul Waldin was elected as a member of the Board of Directors of XBiotech Inc., as well as appointed as a member of the company’s Audit Committee and Compensation Committee, to serve until his successor is duly elected and qualified or until his earlier resignation, removal or death. Mr. Waldin is an attorney practicing in Ontario, Canada and has been a long-time associate and advisor to the Company. Mr. Waldin’s counsel and strategic advice is regularly sought by both publicly traded and closely held companies based in Canada, the European Union and the United States, concerning regulatory and administrative law matters, the structuring of shareholder relations and contentious corporate transactions. He has held directorships in private and multinational companies, principally in the manufacturing, aviation and pharmaceutical industries.