Serodus : Viggo Harboe Holding 2006 ApS announces results of voluntary offer

Reference is made to the voluntary offer document dated 30. October 2016 (the 'Voluntary offer') made by Viggo Harboe Holding 2006 ApS to acquire all issued and outstanding share in Serodus ASA.

The acceptance period of the Voluntary offer expired on 16 November. Viggo Harboe Holding 2006 ApS has received acceptance under the Voluntary offer for total of 3 607 956 shares, corresponding to 8.1 percent of the share capital and voting rights in Serodus. Together with the 8 997 167 shares already owned by Viggo Harboe Holding 2006 ApS, the Offeror now owns 12 605 123 shares, representing 28.3 percent of the issued shares in Serodus.

The calculation of the number of shares tendered in the Voluntary offer is preliminary and remains subject to potential adjustments through a verification process currently being undertaken by Nordea Bank Norge ASA as receiving agent for the Voluntary Offer. The final result of the Mandatory Offer will be announced once confirmed by the receiving agent.

Settlement of the Mandatory Offer will be made as soon as reasonably possible, and no later than 2 December 2016.

For more information, contact:

Tore Kvam

CFO, Serodus ASA

Mobile: [phone] e-mail: [e-mail]

Serodus ASA is a Norwegian drug development company, focusing on new therapeutic products for the treatment of diabetes and diabetic comorbidities with large unmet clinical needs. The company's business model is to seek partnering with international pharmaceutical companies after having demonstrated clinical effect in humans. For more information see www.serodus.com.