(Tromsø 22. April 2020) Biotec Pharmacon ASA (OSE: "BIOTEC") announced today
that its Board of Directors has unanimously appointed Dr Jethro Holter as the
Company's permanent Chief Executive Officer. Dr Holter has been the interim CEO
for the last 6 months

Jethro joined ArcticZymes as Managing Director in January 2015. He focused on
driving a  new strategic direction channelling the subsidiary's efforts towards
growth, through expanding its B2B client base and implementing a customer-driven
innovation approach for new product development. Consequently, the subsidiary
has experienced strong revenue growth and vastly expanded its portfolio of novel
enzyme products. Today, ArcticZymes is profitable and a leading commercial
supplier of enzymes to the molecular biology, In Vitro Diagnostics (IVD) and
gene therapy market segments. During his time as interim CEO, Jethro has
implemented a new Group strategy and continued to drive healthy growth in the
business.

"The Board of Directors is pleased to announce Jethro Holter as the CEO for
Biotec Pharmacon ASA going forward. After being hired as the interim CEO 6
months ago, the Board is confident he has the necessary skills and background
required to drive the company into profitability and long-term value creation.",
says Chairman of the Board Dr Marie Roskrow

"I am delighted in being appointed CEO. It is an exciting time to lead this
company which is in a transition phase with a fresh and inspiring strategic
direction. With the talented team behind me, I am confident we can aspire to
maximise growth and transform the company into becoming Europe's leading one
-stop-shop for enzymes. As the newly appointed CEO, my first priority will be to
drive the company into profitability.", says CEO Jethro Holter

The Company will present its Q1 2020 results tomorrow morning at 0830

For further information, please contact:

Jethro HolterHethro      Marie Roskrow
CEO                      Chairman of the Board
+47 46 85 91 46          Mobile: +44 (0) 7496 959743
Jethro.holter@biotec.no