Company announcement No. 23 / 2026

Zealand Pharma - Transactions related to share buy-back program (week 23, 2026)

Copenhagen, Denmark, June 8, 2026 – Zealand Pharma A/S ("the Company" or "Zealand Pharma") (NASDAQ:ZEAL) (CVR-no. 20045078), a biotechnology company transforming the future of metabolic health, today reports transactions related to its share buy-back program (the "Program") for week 23 (June 1 - June 4, 2026).

The Program is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 (the Market Abuse Regulation, "MAR") and Commission Delegated Regulation (EU) 2016/1052 (the "Safe Harbour Regulation"). Reference is made to company announcement no. 15 / 2026 dated May 7, 2026, which sets out the full terms of the Program. Under the Program, Zealand Pharma may repurchase shares for a total consideration of up to DKK 1.3 billion. The maximum number of shares that may be acquired under the Program is 7,152,557, and the Program commenced on May 7, 2026, and will be completed no later than October 31, 2026. The Company has appointed Danske Bank as lead manager for the Program. Danske Bank will make its own trading decisions independently of, and without influence from, the Company.

Transactions executed in week 23

The following transactions have been executed on Nasdaq Copenhagen (XCSE) under the Program during week 23 (June 1, 2026 - June 4, 2026):

Date	Number of shares	Average purchase price (DKK)	Transaction value (DKK)
Accumulated as per latest announcement	578,000		186,774,920
01/06/2026	45,000	316.96	14,263,200
02/06/2026	45,000	309.90	13,945,500
03/06/2026	45,000	302.62	13,617,900
04/06/2026	38,000	323.14	12,279,320
Accumulated (W23)	173,000		54,105,920
Total accumulated under the Program	751,000		240,880,840

Treasury shares and share capital

Following the transactions described above, Zealand Pharma holds a total of 1,621,482 treasury shares, corresponding to approximately 2.27% of the Company's share capital. This figure includes the capital increase announced today, 8 June 2026, whereby the Company increased its share capital by a nominal amount of DKK 53,183, divided into 53,183 new shares, subject to final registration with the Danish Business Authority.

The total number of shares in Zealand Pharma amounts to 71,578,758, including the above‑mentioned capital increase announced separately today. Each share has a nominal value of DKK 1.

Additional information

Detailed information on each transaction executed under the Program is available in the appendix to this company announcement.

About Zealand Pharma

Zealand Pharma A/S (NASDAQ:ZEAL) is a biotechnology company focused on advancing medicines for obesity and metabolic health. Combining more than 25 years of peptide R&D expertise with a proprietary data platform that leverages advanced data driven and AI/ML approaches, Zealand Pharma aims to lead a new era in obesity and metabolic health. To date, more than 10 Zealand Pharma invented drug candidates have entered clinical development, of which two products have reached the market and three candidates are in late-stage development. The Company has collaborations with global pharmaceutical and biotechnology partners for research, development, and commercialization. Founded in 1998, Zealand Pharma is headquartered in Copenhagen, Denmark, with a U.S. presence in Boston, Massachusetts. Learn more at www.zealandpharma.com.

Contacts

Eric Rojas (Investors)

Vice President, Head of Investor Relations

Zealand Pharma

Email: erojas@zealandpharma.com

Neshat Ahmadi (Investors)

Investor Relations Manager

Zealand Pharma

Email: neahmadi@zealandpharma.com

Rachel James-Owens (Media)

Vice President, Corporate Communications and Media Relations

Zealand Pharma

Email: rjamesowens@zealandpharma.com

Andreas Hylleberg Mølleskov (Media)

Director, External Communications

Zealand Pharma

Email: ahylleberg@zealandpharma.com

Attachment

Zealand Pharma - Share buy back - Transactions in week 23