Nordic Nanovector ASA (OSE: NANO) announces its second quarter and first half
2018 results today. A presentation by the company's senior management team will
take place today in Oslo at 08:30 CEST, see details below.

Eduardo Bravo, CEO, commented: "I am pleased to report a quarter marked by
important progress in the development of lead candidate Betalutin® in follicular
lymphoma (FL). The first patients in the PARADIGME trial have now been dosed.
Betalutin® was also granted Fast Track designation in June for relapsed or
refractory 3L FL, adding to the Orphan drug designation for treating FL it
received in 2014. These designations, granted based on the potential of
Betalutin® to address an unmet patient need in FL, could support a quicker and
smoother regulatory process and path to market, if PARADIGME is successful. We
are also pleased that Archer-1 has been approved in Norway and we expect the
first patient to be dosed before the end of 2018.

"Betalutin® is an exciting therapeutic candidate for non-Hodgkin's lymphoma
(NHL) and Nordic Nanovector is well positioned to drive its development through
clinical trials. I'm excited to join the Company at this important time and
look forward to working with the excellent board and management team to realise
the significant potential of Betalutin® and to provide a new treatment option to
NHL patients who are in need of effective therapies."

Operational Highlights

. Eduardo Bravo appointed as Chief Executive Officer
o Brings more than 25 years' experience from the biopharmaceutical industry

. First patient dosed in pivotal Phase 2b PARADIGME trial investigating
Betalutin® as a potential new treatment for patients with third-line relapsed
antiCD20 refractory follicular lymphoma (3L R/R FL)
o Site activations continuing - as of August 21st, 41 (of 80-85) sites in 13 (of
20) countries are open for enrolment
o First data read-out targeted for 1H 2020

. Betalutin® granted Fast Track designation in the US for FL
o Based on promising safety and preliminary efficacy data from the LYMRIT 37-01
study

. Phase 1b Archer-1 trial of Betalutin® in combination with rituximab in second
-line (2L) FL patients approved in Norway
o First patient expected to be dosed in 2H 2018

. Phase 1 study with Betalutin® in DLBCL advances to next dosing level
o First dosing levels found to be safe and well-tolerated

. Further appointments to strengthen the Management Team and Board of Directors
o Maureen Deehan, PhD, appointed as Head of Corporate Development and Strategy
o Rainer Boehm, MD, elected as a member of the Board of Directors

Financial Highlights Q2 and 1H 2018

(Figures in brackets = same period 2017 unless otherwise stated)

. Revenues for the second quarter amounted to NOK 0 (NOK 0.1 million). Revenues
for the first half of 2018 were NOK 0 (NOK 0.1 million).

. Total operating expenses for the second quarter were NOK 84.5 million (NOK
76.3 million). Total operating expenses for the first half of 2018 amounted to
NOK 166.8 million (NOK 142.1 million)
o Research and development (preclinical, clinical, medical affairs, regulatory
and CMC activities) expenses accounted for 72.2 % of total operating expenses
(71 %) for the first half of 2018.

. Comprehensive loss for the second quarter amounted to NOK 82.9 million (loss
of NOK 66.3 million). Comprehensive loss for the first half was NOK 173.6
million (loss of NOK 122.1 million)

. Cash and cash equivalents amounted to NOK 570.1 million at the end of June
2018 (NOK 641.5 million at 31 March 2018 and NOK 756.6 million at 31 December
2017)

Outlook

Nordic Nanovector aspires to become a leader in the field of targeted therapies
for haematological cancers by developing, manufacturing and commercialising
innovative therapies to address major unmet medical needs and advance cancer
care.

Betalutin®, the company's most advanced product candidate, has a highly
differentiated, competitive, clinical profile for R/R FL, based on the promising
results from the LYMRIT 37-01 Phase 1/2a clinical study. The company's pivotal
Phase 2b PARADIGME trial with Betalutin® in 3L R/R FL is underway with initial
clinical data read-outs targeted for 1H 2020 and subsequent filing in 2020 for
marketing approval.

Betalutin® has been granted Fast Track designation in the US for the treatment
of patients with R/R FL.

Nordic Nanovector intends to maximize the value of Betalutin® across other
stages of FL, NHL and other haematological cancer indications.

The company is confident that Betalutin® could become an attractive and
convenient therapeutic option, which, based on detailed market research, has the
potential to be commercially successful.

Current cash resources are expected to be sufficient to reach data read-out from
PARADIGME in 1H 2020.

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