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Regulatory press release

Targovax ASA: Registration of share capital increase following conversion of convertible bonds

Circio Holding
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Oslo, 13 April 2023: Reference is made to the stock exchange announcement by Targovax ASA (OSE:TRVX) ("Targovax" or the "Company") on 30 March 2023, regarding the board of directors' resolution to increase the share capital of the Company in connection with the conversion of convertible bonds.

The share capital increase has now been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). The Company's new share capital is NOK 19,260,420.10, divided into 192,604,201 shares, each with a par value of NOK 0,10.

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