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Distributed: Nov 20, 2008

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Bavarian Nordic A/S (CPH:BAVA) In pursuance of the Danish Securities Trading Act's section 29, please be informed that Bavarian Nordic A/S has received information that Lønmodtagernes Dyrtidsfond (LD) has increased its holding of shares in Bavarian Nordic A/S, now owning more than 5.4 % of the share capital.



Asger Aamund Chairman



Contact: Anders Hedegaard, President & CEO | +45 23 20 30 64

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/100065/R/1271381/281916.pdf

Bavarian Nordic A/S

http://www.bavarian-nordic.com

ISIN: DK0015998017

Stock Identifier: XCSE.BAVA



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