Targovax ASA: Mandatory notification of trade by primary insider in connection with settlement of RSUs

Diane Mellett, member of the board of directors (the "Primary Insider") of Targovax ASA (the "Company"), has settled 17,704 restrictive stock units ("RSUs"), which were granted at the AGM in 2016, giving the Primary Insider the right to subscribe for an equal number of shares in the Company at a price of NOK 0.10 per share. Following the Primary Insider's subscription of shares and registration of the Company's new share capital, the Primary Insider and her close associates will hold 17,704 shares and 47,743 RSUs in the Company.