Bavarian Nordic A/S - Report on the Results of the Extraordinary General Meeting, held 18 May 2009

In accordance with the agenda an Extraordinary General Meeting of
Bavarian Nordic A/S was held today 18 May 2009 with the following
results:

The General Assembly adopted the Board of Directors' proposal to
amend:

*          § 5a of the Articles of Association (Authorization for
  Increase of the Company's Share Capital);
*          § 5f of the Articles of Association (Authorization for
  issuing Warrants for Employees);
*          § 8 of the Articles of Association (New Stock Register)

The General Assembly also adopted the Board of Directors' proposal to
insert a new Article 5h in the Articles of Association:

*          Article 5h (Authorisation to obtain loans by issue of
  convertible notes)



Asger Aamund
Chairman


Contact
Anders Hedegaard, President & CEO. Phone +45 23 20 30 64