Bavarian Nordic, listing of new shares 8 May 2007


Bavarian Nordic A/S - issue as a consequence of utilization of warrants

The Copenhagen Stock Exchange has decided to admit 164,152 new shares of a
nominal DKK 10 to listing in the ISIN code below with effect from 8 May 2007. 

ISIN	         Name in Official List
DK0015998017	Bavarian Nordic

The capital increase has been registered with the Danish Commerce and Companies
Agency. 

For further information, please see announcement of 2 May 2007 from Bavarian
Nordic. 

Attachments

bavarian nordic - udnyttelse af warrants - uk.pdf