As a result, the board of directors of Novelion, together with its management team and legal and financial advisors, are evaluating post-closing plans with respect to Novelion, including a potential wind-up of Novelion and a distribution of assets to shareholders. Cautionary Information Regarding Trading in the Company's Securities Novelion cautions that trading in Novelion's securities during the pendency of the Restructuring Transactions is highly speculative and poses substantial risks. Trading prices for Novelion's securities may bear little or no relationship to the actual value realized, if any, by holders of Novelion's securities in the Restructuring Transactions. Accordingly, Novelion urges extreme caution with respect to existing and future investments in its securities.