Orexo appoints Nomination Committee and publishes financial calendar 2015/2016

Uppsala, Sweden – October 15, 2015 – Prior to the Annual General Meeting 2016,
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 2016 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 ir@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, 2016 at the latest.

The Annual General Meeting 2016 in Orexo will be held on Friday, April 15, 2016
at 4:00pm CET in Uppsala. Shareholders who want to have a matter addressed at
the Annual General Meeting 2016 must submit such a proposal to the same address
as above (subject “Annual General Meeting 2016” for the e-mail and the letter,
respectively) by March 4, 2016 at the latest.

Future information reporting dates from Orexo:

+----------------------------------------+----------------------------+
|Interim Report January – September 2015 |October 22, 2015            |
+----------------------------------------+----------------------------+
|Year-End Report 2015                    |January 28, 2016            |
+----------------------------------------+----------------------------+
|Publication of the Annual Report        |Week 12, 2016               |
+----------------------------------------+----------------------------+
|Annual  General Meeting 2016            |April 15, 2016 at 4:00pm CET|
+----------------------------------------+----------------------------+
|Interim  Report January – March 2016    |April 21, 2016              |
+----------------------------------------+----------------------------+
|Interim  Report January – June 2016     |July 12, 2016               |
+----------------------------------------+----------------------------+
|Interim  Report January – September 2016|October 20, 2016            |
+----------------------------------------+----------------------------+

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

About Orexo
Orexo is a specialty pharmaceutical company commercializing its proprietary
product Zubsolv® for treatment of opioid dependence in the US. Zubsolv is an
advanced formulation of buprenorphine and naloxone using Orexo’s unique
knowledge and expertise in sublingual drug delivery. R&D is focusing on
reformulation of known substances to new improved products that meet great unmet
medical needs by using its patented proprietary technologies. Orexo’s share is
listed on Nasdaq Stockholm Exchange Mid Cap (STO: ORX) and is available as ADRs
on OTCQX (ORXOY) in the US. Orexo’s global headquarters and R&D are based in
Uppsala, Sweden.

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