Conversion of Shares

9/24/2009 5:33 AM EST

According to Morphic Technologies AB (publ) (”Morphic”) articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. A conversion will reduce the total number of votes in the company.

Morphic announces that holders of 4,708,000 Class A shares have recently registered to convert their Class A shares into Class B shares. The number of Class A shares following the conversion will be 7,260,000 and the number of Class B shares will be 353,254,044. The total number of votes in the company thereafter amounts to 42,585,404.4. The total number of outstanding shares remains unchanged at 360,514,011.