The following primary insiders/primary insider's related parties have today
bought 400,000 shares in Vaccibody AS at NOK 79.00 per share:

Datum AS			129,250
RASMUSSENGRUPPEN AS	        129,250
Caaby AS			 12,925
AS Tanja (Andenaesgruppen)	116,325 
CF International ApS		 12,250
Total				400,000

After the above transactions Jan Haudemann Andersen (board member) holds
40,263,050 shares (including 32,634,250 shares through Datum AS), Rasmussen
Group of companies holds 33,936,750 shares (of which RASMUSSENGRUPPEN AS,in
which Trygve Lauvdal (member of the VACCIBODY AS board) is an employee, owns
28,086,750), Christian Åbyholm (board member) through Caaby AS holds 1,995,895
shares and 100,000 warrants and Andenaesgruppen (through AS Tanja and
Christiania Skibs AS) represented by Christian Åbyholm owns 17,870,575 shares
and in addition Norda ASA represented by Christian Åbyholm owns 7,996,755 shares
and Caspar Foghsgaard, Director Business Development holds 392,000 warrants and
468,250 shares through CF International ApS (a company wholly owned by Caspar
Foghsgaard).

Due to a divorce process Primary insider CTO Mette Husbyn has exercised a total
of 400,000 warrants with two expiry dates, first of December 20, 2022 and the
second of December 31, 2022. 255,000 Vaccibody AS shares have been subscribed
for at a strike price of NOK 2,50 per share and 145,000 Vaccibody AS shares have
been subscribed for at a strike price of NOK 4,00 per share.  The shares are
borrowed from Datum AS. The shares are borrowed and sold to the market price of
NOK 79.00 per share.  Following the exercise of warrants Mette Husbyn holds
790,000 warrants.