OSLO, Norway--(BUSINESS WIRE)--

Nordic Nanovector (OSE: NANO) (OSE: NANOO)

Reference is made to the extraordinary general meeting of Nordic Nanovector ASA's (the "Company") on 12 October 2016 (the "EGM") where Joanna Horobin was elected a new board member.

At the ordinary general meeting of the Company the board of directors was authorised to issue restricted stock units ("RSUs") to the board members. The RSUs are non-transferable and each RSU gives the right and obligation to acquire one share in the Company at a price of NOK 0.20 per share (corresponding to the nominal value of the shares) subject to satisfaction of the applicable vesting conditions.

Joanna Horobin has resolved to receive her full board remuneration, as determined by the Company's annual general meeting in 2016, in the form of RSU's and the board of directors has resolved to issue 2,678 RSU's to Joanna Horobin. The number of RSU's is calculated on the basis of a board remuneration of NOK 144,000 divided by the market price of the Company's shares calculated as the average share price for the 10 trading days prior to the EGM being NOK 53.77 per share. Joanna Horobin does not hold any other shares in the Company.

This information is subject to duty of disclosure pursuant to section 4-2 of the Norwegian Securities Trading Act.

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