"At Zealand, we are focused on maximizing the value of our differentiated peptide-based product candidates targeting obesity and related co-morbidities. This includes advancing our long-acting amylin analog, petrelintide, and our first-in-class dual GLP-1/GLP-2 receptor dual agonist, dapiglutide, through comprehensive Phase 2b trials expected to start in late 2024 and early 2025, respectively." Summary of the Private Placement: Share capital increase The Board of Directors of Zealand has exercised its authorization in article 7.1 of Zealand's articles of association granted by Zealand's general meeting at the annual general meeting 29 March 2023, to issue the New Shares and increase Zealand's share capital accordingly. Expected timetable for the Private Placement: Contacts: Important information This announcement is not a prospectus and investors should not purchase any securities referred to in this announcement on the basis of this announcement.