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Karolinska Development AB (publ): Karolinska Development extends the subscription period in the directed share issue to holders of the Companys conver

08:00 STOCKHOLM, SWEDEN 16 August 2019. On 29 May 2019 Karolinska Development AB (Nasdaq Stockholm: KDEV) (Karolinska Development or the Company) announced that the Board of Directors of the Company resolved, subject to the approval of the annual general meeting, on a directed issue of series B shares to the holders of the Companys 2015/2019 convertible loan (the Directed share issue). The Board of Directors resolution was approved at the Annual General Meeting on 28 June 2019 and the Board of Directors of the Company has now resolved that the subscription period for the Directed share issue starting 8 July will be extended to 29 August 2019. The Board of Directors of the Company has resolved to extend the subscription period further for the Directed Share Issue. The subscription period now runs from 8 July to 29 August 2019. Announcement of the result of the offer is expected on or about 3 September 2019. The reason for the extended subscription period is due to continued ongoing negotiations with other larger institutional convertible holders in order to fulfil the condition of at least 95 percent participation in the Directed share issue. Sino Biopharmas subscription undertaking continues to be conditional on convertible loan holders representing at least 95 percent of the convertible loan committing to set-off their convertible loan holdings in the Directed share issue. For more information on the Directed share issue, please refer to the Companys press releases issued on 29 May, 26 June, 28 June and 5 July 2019. Financial and legal advisers DNB Markets is acting as financial adviser and Cirio Advokatbyrå as legal adviser to Karolinska Development in connection with the Directed share issue. IMPORTANCE NOTICE Publication or distribution of this press release in certain jurisdictions may be subject to restrictions according to law and persons in jurisdictions where this press release has been made public or distributed should inform themselves and follow such legal restrictions. This press release does not contain and does not constitute an invitation or an offer to acquire, subscribe or otherwise trade in shares or other securities in Karolinska Development. This press release may not be published, distributed or made public, directly or indirectly, in or into the US, Australia, Hong Kong, Japan, Canada, New Zeeland, Switzerland, Singapore, South Africa or in any other jurisdiction where such action, completely or partially, is subject to legal restrictions. The information in this press release may not be redistributed, reproduced or passed on in ways that conflict with applicable restrictions. Failure to comply with these restrictions may constitute a violation of the United States Securities Act of 1933 or applicable laws of other jurisdictions. For more information, please contact: Viktor Drvota, CEO, Karolinska Development AB Phone: +46 73982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com Fredrik Järrsten, CFO and deputy CEO, Karolinska Development AB Phone: +4670496 46 28, e-mail: fredrik.jarrsten@karolinskadevelopment.com https://www.globenewswire.com/Tracker?data=AkO8Zk1IZi0XhovZ3ffxJJiqgOlLyFfim_ctWb0zI-0Mu2HBEvexEHXilEhj5n7QwKDvtukpK00VUUBpa-FWl7m6inRhX2Ti55MmQTSr3kwo6f3Vs23mslm245p8XsCLpwEF2xrTS-71w92Tis6jzNhv60TxzabAxBRGQz29V0M= TO THE EDITORS About Karolinska Development AB Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients lives while providing an attractive return on investment to shareholders. Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success. Karolinska Development has established a portfolio of ten companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases. The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network. For more information: www.karolinskadevelopment.com https://www.globenewswire.com/Tracker?data=-bl2QofaYeVw4gKxdlt3PorrwS1TeNE-_NjB8e8fCJcJtEjuPmb6mGZ8MkJ-DqoTfgHiOmPVYwUkev3obqSZ5HqQnoT1QZG2nHgUm4J85v5kCEv0bLbOjagv3eH5Cn05 . This information is information that Karolinska Development AB (publ) (Nasdaq Stockholm: KDEV) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Viktor Drvota, at 08.00 CET on 16 August 2019. Attachment * KD Press release - Extension 3 of subscription period https://ml-eu.globenewswire.com/Resource/Download/5031fdf0-e04d-4fbd-b399-438b73b01180 © GlobeNewswire

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