Zealand Pharma's Annual General Meeting 2021

Company announcement – No. 22/ 2021

Zealand Pharma's Annual General Meeting 2021

Copenhagen, April 15, 2021 - Today, Zealand Pharma A/S ("Zealand") (NASDAQ: ZEAL) (CVR no. 20 04 50 78), held its Annual General Meeting of 2021 completely electronically.

At the meeting, all proposals presented to the General Meeting were adopted.

The General Meeting acknowledged the management's report on Zealand's activities in the past financial year and Zealand's audited Annual Report for 2020 was approved. The meeting also approved that the financial result for 2020, which was a loss of TDKK 846,729, was carried forward to the next financial year.

All the incumbent board members were re-elected as recommended by the Nomination Committee. Hence, Zealand's Board of Directors consists of the following members:

• Alf Gunnar Martin Nicklasson
• Kirsten Aarup Drejer
• Alain Munoz
• Jeffrey Berkowitz
• Michael John Owen
• Leonard Kruimer
• Bernadette Mary Connaughton

After the Annual General Meeting, the Board of Directors constituted itself with Martin Nicklasson and Kirsten Aarup Drejer continuing as the Chair and the Vice-Chair, respectively.

The Audit Committee will comprise Martin Nicklasson, Leonard Kruimer, Bernadette Mary Connaughton and Jeffrey Berkowitz, with Leonard Kruimer chairing the Committee. Martin Nicklasson, Michael J. Owen and Alain Munoz, with Martin Nicklasson as the Chair, will continue to comprise the Remuneration and Compensation Committee.

In addition, Zealand has established a new Scientific Committee, which will comprise of Kirsten Aarup Drejer as the Chair, Michael John Owen and Alain Munoz as members of the committee.

EY Godkendt Revisionspartnerselskab was re-elected as Zealand's auditor as proposed by the Board of Directors in accordance with the recommendation of the Audit Committee.

The Board of Directors was authorized to allow Zealand to acquire, in the period until the next Annual General Meeting, treasury shares directly and/or acquire American Depositary shares for a nominal value of up to 10% of Zealand's share capital from time to time.

Zealand's revised Remuneration Policy presented under agenda item 7a was approved by the General Meeting as proposed by the Board of Directors. Consequently, the proposal set forth under agenda item 7b was withdrawn accordingly by the Board of Directors as items 7a and 7b were ranked in priority (see notice published on 16 March 2021).