CO.DON AG - Changes in the Supervisory Board

Berlin / Teltow, 23 May 2019 - Dr. Bernd Wegener, the Supervisory Board member of CO.DON AG (WKN A1K022), has notified the Executive Board of CO.DON AG that he has resigned his seat on the Supervisory Board of CO.DON AG with effect from the close of the next ordinary Annual General Meeting.

In autumn 2017 Dr Wegener resigned his position as Chairman of the Supervisory Board, which had held since 2010, for personal reasons, but remained a member of the Supervisory Board.

Dr Wegener accompanied the company on its long path to the commercialisation of a pharmaceutical innovation and his dedication made a vital contribution to its positive performance.

Professor Bauerfeind, Supervisory Board Chairman of CO.DON AG: "On behalf of the entire Supervisory Board I would like to thank Dr Wegener for his outstanding, competent work and his great commitment to the advancement of CO.DON AG."

Ralf Jakobs, CEO of CO.DON AG: "On behalf of all the employees I would like to thank Dr Wegener, who over the decisive recent years, in addition to his financial commitment as an anchor investor, always shared his extensive experience with CO.DON as an important advisor and mentor in strategic decisions. He was one of the key driving forces behind the decision to focus the product, which ultimately led to the EU marketing authorisation for the articular cartilage product developed by CO.DON AG and so to the achievement of the company's most important strategic goal to date. I too assume that even after his departure from the Supervisory Board, Dr Wegener will continue to follow the development of his long-standing investment. All the staff and the Executive Board wish him the very best for his personal and professional future."

CO.DON AG develops, produces and markets autologous cell therapies for the minimally invasive repair of cartilage defects. The product being marketed is a cell therapy product that uses only the patient's own cartilage cells ("autologous chondrocytes"). CO.DON's method is currently used in over 200 clinics in Germany and more than 14,000 patients have already been treated. In July 2017 we received marketing authorisation for the advanced therapy medicinal product Spherox from the European Medicines Agency. The shares in CO.DON AG are listed on the Frankfurt Stock Exchange (ISIN: DE000A1K0227). Executive Board: Ralf M. Jakobs.

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