prepared in accordance with Swiss accounting standards that may not be 
comparable to the financial statements or financial information of 
United States companies. 
 
   It may be difficult for you to enforce your rights and any claim you may 
have arising under the U.S. federal securities laws in respect of the 
Exchange Offer, since the Company is located in Switzerland and all of 
its officers and directors are residents of Switzerland or elsewhere 
outside of the United States. You may not be able to sue the Company or 
its officers or directors in a Swiss court or another court outside the 
United States for violations of the U.S. securities laws. Finally, it 
may be difficult to compel the Company and its affiliates to subject 
themselves to a U.S. court's judgment. 
 
   United Kingdom 
 
   The communication of this publication and any other documents or 
materials relating to the Exchange Offer is not being made and such 
documents and/or materials have not been approved by an authorized 
person for the purposes of section 21 of the Financial Services and 
Markets Act 2000 (the FSMA), as amended. Accordingly, such documents 
and/or materials are not being distributed to, are not directed at and 
must not be passed on to, the general public in the United Kingdom. The 
communication of such documents and/or materials is exempt from the 
restriction on financial promotions under section 21 of the FSMA on the 
basis that it is only directed at and may only be communicated to (1) 
persons within the United Kingdom falling within the definition of 
investment professionals (as defined in Article 19(5) of the Financial 
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 
Order)) or (2) persons falling within Article 43(2) of the Order, or (3) 
to other persons to whom it may lawfully be communicated (together 
Relevant Persons). The investment activity to which this document 
relates will only be engaged in with Relevant Persons and persons who 
are not Relevant Persons should not rely on it. 
 
   European Economic Area 
 
   In any Member State of the European Economic Area (the EEA and each a 
Member State), this communication is only addressed to, and is only 
directed at, "qualified investors" within the meaning of the Prospectus 
Regulation. Each person in a Member State or in the United Kingdom who 
receives any communication in respect of the Exchange Offer contemplated 
in this announcement will be deemed to have represented, warranted and 
agreed to and with the Company and the Tender Agent that it is a 
qualified investor within the meaning of the Prospectus Regulation. For 
these purposes, the expression "Prospectus Regulation" means Regulation 
(EU) 2017/1129 and Regulation (EU) 2017/1129 as it forms part of United 
Kingdom domestic law by virtue of the European Union (Withdrawal) Act 
2018. The 2017/22 Bonds have not been admitted to trading on a regulated 
market in the EEA or in the United Kingdom. 
 
   Schweiz 
 
   Diese Mitteilung ist als Werbung im Sinne des 
Finanzdienstleistungsgesetzes (FIDLEG) zu qualifizieren und stellt weder 
ein Angebot oder eine Aufforderung zur Zeichnung oder zum Kauf von 
Effekten der Santhera Pharmaceuticals Holding AG noch einen Prospekt 
oder ein Basisinformationsdokument im Sinne des FIDLEG dar. Investoren 
sollten ihre Entscheidung über die Annahme des Angebots 
ausschliesslich auf der Grundlage des Rückkaufinserats (Tausch der 
vorrangigen unbesicherten Wandelanleihe über CHF 60'000'000 mit 
Fälligkeit 2022) und des vorläufigen Angebots- und 
Kotierungsprospekts betreffend die Neuen Anleihen, jeweils vom 25. 
März 2021, treffen, der, vorbehältlich anwendbarer 
Kapitalmarktvorschriften, über 
https://www.santhera.de/investors-and-media/investor-toolbox/umtauschangebot-anleihe 
zugänglich ist. Anlegern wird darüber hinaus empfohlen, ihre 
Bank oder ihren Finanzberater zu konsultieren, bevor sie eine 
Anlageentscheidung treffen. 
 
   # # # 
 
   Anhang 
 
 
   -- 2021 04 27_Offer-EndResult_d_final 
      https://ml-eu.globenewswire.com/Resource/Download/6af56ba4-e453-41da-9bc1-30bbef378666

(END) Dow Jones Newswires

April 27, 2021 14:15 ET (18:15 GMT)