Board members exercise all held warrants of series 2020/2021

Members of the Board of Directors of WntResearch AB ("WntResearch" or the “Company"), holder of warrants series 2020/2021, have chosen to exercise all their holdings. The exercise period for warrants of series 2020/2021 began on Monday, February 8, 2021 and lasts until Friday, February 19, 2021.

Holders of warrants have the right to subscribe for one (1) new share in WntResearch for each owned warrant of series 2020/2021 at a price of SEK 0.81 per share. The Board members intending to use warrants of series 2020/2021 for subscription of shares are:

Note that warrants that are not sold no later than February 17, 2021, or alternatively are not exercised by February 19, 2021 at 17.30 CET, expire worthless. In order for your warrants of series 2020/2021 not to expire, you must subscribe for shares or sell your warrants.

Also note that certain nominees may end the possibility of exercising warrants before the last day for exercise.

Ownership letter to warrant holders of series 2020/2021 is available at the Company's website at www.wntresearch.com.

Full terms of the warrants were included as part of the prospectus published in connection with the rights issue that was published on April 22, 2020. The prospectus is also available at www.wntresearch.com.

How to exercise the warrants:

Nominee-registered warrants (custody):

Subscription and payment of new shares through the exercise of the warrants shall take place in accordance with instructions from the respective nominee. Please contact your nominee for further information.

Directly registered warrants (VP account):

No issue report or payment instruction will be sent out. Subscription must be made by simultaneous cash payment according to the instructions on the application form. The warrants are then replaced with interim shares (IA) pending registration with the Swedish Companies Registration Office (Sw. Bolagsverket), whereby interim shares will automatically be converted to ordinary shares in WntResearch.

The application form with instructions for payment will be available at the Company's website, www.wntresearch.com, and at the issuer agent Mangold Fondkommission AB's website, www.mangold.se.

Advisers

Mangold Fondkommission AB is the financial adviser and Setterwalls Advokatbyrå AB is the legal adviser to WntResearch regarding the warrants.

For questions regarding the warrants, please contact:

Mangold Fondkommission AB

Tel: +46 8 5030 1595

E-mail: emissioner@mangold.se

Anders Rabbe

tf VD
Tel: +46 707 646 500
anders.rabbe@wntresearch.com

About WntResearch

WntResearch is a research and development company in oncology that develops new treatments intended to inhibit metastasis formation in cancers. The Company focuses on WNT5A, a protein that suppresses the metastatic process in the body; the vision is for cancer patients to no longer have to endure metastasis. Today, one in every three people will develop cancer during their lifetimes, and 90 percent of all cancer-related deaths are caused by metastases. Even though cancer treatment has become more effective, there are no effective methods to prevent the formation of metastasis.

The drug candidate Foxy-5 mimics WNT5A' s ability to reduce the mobility and thus the spread of cancer cells. Foxy-5 has demonstrated a good safety profile with few adverse effects in two clinical phase I studies. An ongoing clinical phase II study NeoFox is currently being conducted on patients with colon cancer with the Company's drug candidate Foxy-5. According to the Company's assessment, Foxy-5 is the only drug candidate of its kind, with a unique mode of action in an area where other drug or treatment options are lacking. WntResearch's share is listed on Spotlight Stock Market. For more information, please visit: www.wntresearch.com.



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