Primary insider Christian Åbyholm, member of the board of Vaccibody AS,
represents Andenaesgruppen (including Kvantia AS and Christiania Skibs AS). In
order to streamline the ownership of Andenaesgruppen's shares in Vaccibody,
Kvantia AS has today sold 10,866,325 Vaccibody shares to Victoria India Fund AS
at NOK 64 per share.  Furthermore, Christiania Skibs AS has today sold 6,304,250
Vaccibody shares to Victoria India Fund AS at NOK 64 per share.  Victoria India
Fund AS is part of Andenaesgruppen and is 100% owned by Kvantia AS. After the
transaction Christian Åbyholm (board member) through Caaby AS holds 1,995,895
Vaccibody shares and 100,000 warrants and Andenaesgruppen (through Victoria
India Funds AS) represented by Christian Åbyholm owns 17,170,575 Vaccibody
shares and in addition Norda ASA represented by Christian Åbyholm owns 7,996,755
Vaccibody shares.

Please see further details in the attached document.