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Mandatory Notification of Trade

Lars Høie has on 16 September 2016 sold 25,000,000 shares in Bionor Pharma ASA (the "Company") at a price of NOK 0.25 per share.

BIONOR PHARMA ASA

STOCK EXCHANGE ANNOUNCEMENT

Lars Høie has on 16 September 2016 sold 25,000,000 shares in Bionor Pharma ASA (the "Company") at a price of NOK 0.25 per share.

After the transaction Lars Høie holds 50,253,370 shares equivalent to 5.84% of the issued shares of the Company. Lars Høie further owns 15,253,370 warrants in the Company. His total holding of shares and warrants equals 7.61%. As set out in the stock exchange notice on 14 September 2016, Lars Høie has also received 117,699,303 subscription rights in the ongoing rights offering of the Company.

This information is subject to the disclosure requirements set out in section 4-3 of theNorwegian Securities Trading Act.