Orexo appoints Nomination Committee and publishes financial calendar 2014/2015

Prior to the Annual General Meeting 2015, Orexo appoints a Nomination Committee
which represents approximately 45 percent of the number of shares and votes in
the company based on the last known shareholder information.

The Nomination Committee, whose tasks include providing proposals to the General
Meeting regarding Chairman of the Meeting, Board members, Chairman of the Board,
fees for the board members, any remuneration for committee work, proposal for
and fees to the company’s auditor as well as principles for composition of the
Nomination Committee, comprises:

  · Eivind Kolding, Novo A/S, also Chairman of the Nomination Committee
  · Björn Odlander, HealthCap
  · Claus Berner Møller, Arbejdsmarkedets Tillaegspension (ATP)
  · Martin Nicklasson, Chairman of the Board of Orexo

The Nomination Committee’s proposals will be presented in the Notice to the
Annual General Meeting 2015 and on Orexo’s web site, www.orexo.com.

Shareholders who want to submit proposals to the Nomination Committee, can do
this by sending an e-mail to beata.augenblick@orexo.com (subject “Nomination
Committee”) or by letter posted to “Orexo’s Nomination Committee”, Orexo AB,
P.O. Box 303, SE-751 05 Uppsala, Sweden, by February 13, 2015 at the latest.

The Annual General Meeting 2015 in Orexo will be held on Wednesday, April 15,
2015 at 4:00pm CET in Uppsala. Shareholders who want to have a matter addressed
at the Annual General Meeting 2015 must submit such a proposal to the same
address as above (subject “Annual General Meeting 2015” for the e-mail and the
letter, respectively) by March 4, 2015 at the latest.

Future information reporting dates from Orexo:

+---------------------------------------+----------------------------+
|Interim Report January – September 2014|October 22, 2014            |
+---------------------------------------+----------------------------+
|Year-End Report 2014                   |January 29, 2015            |
+---------------------------------------+----------------------------+
|Publication of the Annual Report       |Week 13, 2015               |
+---------------------------------------+----------------------------+
|Annual General Meeting 2015            |April 15, 2015 at 4:00pm CET|
+---------------------------------------+----------------------------+
|Interim Report January – March 2015    |April 23, 2015              |
+---------------------------------------+----------------------------+
|Interim Report January – June 2015     |July 10, 2015               |
+---------------------------------------+----------------------------+
|Interim Report January – September 2015|October 22, 2015            |
+---------------------------------------+----------------------------+

For further information, please contact:
Henrik Juuel, EVP and Chief Financial Officer or Beata Augenblick, Investor
Relations
Tel: +46 (0)18-780 88 00, E-mail: ir@orexo.com

About Orexo AB
Orexo is a specialty pharma company with commercial operations in the United
States and R&D in Sweden developing improved treatments using proprietary drug
delivery. The company is commercializing its proprietary product, ZUBSOLV®
sublingual tablets, for maintenance treatment of opioid dependence, in the
United States. The ZUBSOLV sublingual tablet is a novel formulation of
buprenorphine and naloxone using Orexo’s extensive knowledge in sublingual
technologies. Orexo has a portfolio of two approved and revenue generating
products currently marketed under license in the US, EU and Japan. Orexo AB,
with its headquarters in Sweden, is listed on Nasdaq Stockholm Exchange and its
American Depositary Receipts (ADRs) trade on the OTCQX marketplace in the U.S.
under the symbol, “ORXOY”. The largest shareholders are Novo A/S and HealthCap.

For information about Orexo AB, please visit www.orexo.com.