Faron Pharmaceuticals: FARON PHARMACEUTICALS LTD: HOLDING(S) IN COMPANY

Faron Pharmaceuticals OyAnnouncement

20/04/2026 08:15

Faron Pharmaceuticals Ltd | Company announcement | April 20, 2026 at 10:15:00
EEST

FARON PHARMACEUTICALS LTD: HOLDING(S) IN COMPANY

TR-1: Standard form for notification of major holdings

+--------------+----------+-----------+--------------+--------+----------+---+
| NOTIFICATION |          |           |              |        |          |   |
| OF MAJOR     |          |           |              |        |          |   |
| HOLDINGS (to |          |           |              |        |          |   |
| be sent to   |          |           |              |        |          |   |
| the relevant |          |           |              |        |          |   |
| issuer and   |          |           |              |        |          |   |
| to the FCA   |          |           |              |        |          |   |
| in Microsoft |          |           |              |        |          |   |
| Word format  |          |           |              |        |          |   |
| if possible) |          |           |              |        |          |   |
| i            |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
|              |          |           |              |        |          |   |
|              |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| 1a. Identity |          |           |    Faron     |        |          |   |
| of the       |          |           | Pharmaceuticals |        |          |   |
| issuer or    |          |           |      OY      |        |          |   |
| the          |          |           |              |        |          |   |
| underlying   |          |           |              |        |          |   |
| issuer of    |          |           |              |        |          |   |
| existing     |          |           |              |        |          |   |
| shares to    |          |           |              |        |          |   |
| which voting |          |           |              |        |          |   |
| rights are   |          |           |              |        |          |   |
| attached ii: |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| 1b. Please   |          |           |              |        |          |   |
| indicate if  |          |           |              |        |          |   |
| the issuer   |          |           |              |        |          |   |
| is a non-UK  |          |           |              |        |          |   |
| issuer       |          |           |              |        |          |   |
| (please mark |          |           |              |        |          |   |
| with an “X”  |          |           |              |        |          |   |
| if           |          |           |              |        |          |   |
| appropriate) |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| Non-UK       |          |           |              |        |          | X |
| issuer       |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| 2. Reason    |          |           |              |        |          |   |
| for the      |          |           |              |        |          |   |
| notification |          |           |              |        |          |   |
| (please mark |          |           |              |        |          |   |
| the          |          |           |              |        |          |   |
| appropriate  |          |           |              |        |          |   |
| box or boxes |          |           |              |        |          |   |
| with an “X”) |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| An           |          |           |              |        |          | X |
| acquisition  |          |           |              |        |          |   |
| or disposal  |          |           |              |        |          |   |
| of voting    |          |           |              |        |          |   |
| rights       |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| An           |          |           |              |        |          |   |
| acquisition  |          |           |              |        |          |   |
| or disposal  |          |           |              |        |          |   |
| of financial |          |           |              |        |          |   |
| instruments  |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| An event     |          |           |              |        |          |   |
| changing the |          |           |              |        |          |   |
| breakdown of |          |           |              |        |          |   |
| voting       |          |           |              |        |          |   |
| rights       |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| Other        |          |           |              |        |          |   |
| (please      |          |           |              |        |          |   |
| specify)     |          |           |              |        |          |   |
| iii:         |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| 3. Details   |          |           |              |        |          |   |
| of person    |          |           |              |        |          |   |
| subject to   |          |           |              |        |          |   |
| the          |          |           |              |        |          |   |
| notification |          |           |              |        |          |   |
| obligation   |          |           |              |        |          |   |
| iv           |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| Name         |          |           | Heights      |        |          |   |
|              |          |           | Capital      |        |          |   |
|              |          |           | Management,  |        |          |   |
|              |          |           | Inc.         |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| City and     |          |           | San          |        |          |   |
| country of   |          |           | Francisco,   |        |          |   |
| registered   |          |           | California   |        |          |   |
| office (if   |          |           |              |        |          |   |
| applicable)  |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| 4. Full name |          |           |              |        |          |   |
| of           |          |           |              |        |          |   |
| shareholder(s) |          |           |              |        |          |   |
| (if          |          |           |              |        |          |   |
| different    |          |           |              |        |          |   |
| from 3.) v   |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| Name         |          |           | CVI          |        |          |   |
|              |          |           | Investments, |        |          |   |
|              |          |           | Inc.         |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| City and     |          |           | Cayman       |        |          |   |
| country of   |          |           | Islands      |        |          |   |
| registered   |          |           |              |        |          |   |
| office (if   |          |           |              |        |          |   |
| applicable)  |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| 5. Date on   |          |           | 15/04/2026   |        |          |   |
| which the    |          |           |              |        |          |   |
| threshold    |          |           |              |        |          |   |
| was crossed  |          |           |              |        |          |   |
| or reached   |          |           |              |        |          |   |
| vi:          |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| 6. Date on   |          |           | 15/04/2026   |        |          |   |
| which issuer |          |           |              |        |          |   |
| notified     |          |           |              |        |          |   |
| (DD/MM/YYYY): |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| 7. Total     |          |           |              |        |          |   |
| positions of |          |           |              |        |          |   |
| person(s)    |          |           |              |        |          |   |
| subject to   |          |           |              |        |          |   |
| the          |          |           |              |        |          |   |
| notification |          |           |              |        |          |   |
| obligation   |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
|              |   % of   |   % of    |              | Total  | Total    |   |
|              |  voting  |  voting   |              |   of   | number   |   |
|              |  rights  |  rights   |              |  both  | of       |   |
|              | attached |  through  |              |  in %  | voting   |   |
|              |    to    | financial |              | (8.A + | rights   |   |
|              |  shares  | instruments |              |  8.B)  | held in  |   |
|              |  (total  |           |              |        | issuer   |   |
|              | of 8. A) | (total of |              |        | (8.A +   |   |
|              |          |  8.B 1 +  |              |        | 8.B) vii |   |
|              |          |  8.B 2)   |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| Resulting    | 10.13%   | 15.44%    |              | 25.58% |          |   |
| situation on |          |           |              |        | 51,929,014 |   |
| the date on  |          |           |              |        |          |   |
| which        |          |           |              |        |          |   |
| threshold    |          |           |              |        |          |   |
| was crossed  |          |           |              |        |          |   |
| or reached   |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+
| Position of  | 8.37%    | 16.82%    |              | 25.19% |          |   |
| previous     |          |           |              |        |          |   |
| notification |          |           |              |        |          |   |
| (if          |          |           |              |        |          |   |
| applicable)  |          |           |              |        |          |   |
+--------------+----------+-----------+--------------+--------+----------+---+

+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
| 8. Notified  |      |      |      |      |      |      |      |      |      |
| details of   |      |      |      |      |      |      |      |      |      |
| the          |      |      |      |      |      |      |      |      |      |
| resulting    |      |      |      |      |      |      |      |      |      |
| situation on |      |      |      |      |      |      |      |      |      |
| the date on  |      |      |      |      |      |      |      |      |      |
| which the    |      |      |      |      |      |      |      |      |      |
| threshold    |      |      |      |      |      |      |      |      |      |
| was crossed  |      |      |      |      |      |      |      |      |      |
| or reached   |      |      |      |      |      |      |      |      |      |
| viii         |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
| A: Voting    |      |      |      |      |      |      |      |      |      |
| rights       |      |      |      |      |      |      |      |      |      |
| attached to  |      |      |      |      |      |      |      |      |      |
| shares       |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
| Class/type   |      |      |      |      |      |      | % of |      |      |
| of           |      | Number |      |      |      |      | voting |      |      |
| shares       |      | of   |      |      |      |      | rights |      |      |
| ISIN code    |      | voting |      |      |      |      |      |      |      |
| (if          |      | rights |      |      |      |      |      |      |      |
| possible)    |      | ix   |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      | Direct |      | Indirect |      |      | Direct |      | Indirect |
|              |      |      |      |      |      |      |      |      |      |
|              |      | (DTR5.1) |      | (DTR5.2.1) |      |      | (DTR5.1) |      | (DTR5.2.1) |
+--------------+------+------+------+------+------+------+------+------+------+
| FI4000153309 |      |      |      |      |      |      |      |      |      |
|              |      | 20,569,014 |      | 31,360,000 |      |      | 10.13% |      | 15.44% |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
| SUBTOTAL 8.  |      |      |      |      |      |      |      |      |      |
| A            |      | 51,929,014 |      |      |      |      | 25.58% |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
| B 1:         |      |      |      |      |      |      |      |      |      |
| Financial    |      |      |      |      |      |      |      |      |      |
| Instruments  |      |      |      |      |      |      |      |      |      |
| according to |      |      |      |      |      |      |      |      |      |
| DTR5.3.1R    |      |      |      |      |      |      |      |      |      |
| (1) (a)      |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
| Type of      |      |      |      |      |      |      |      |      | % of |
| financial    |      | Expiration | Exercise/ |      |      | Number |      |      | voting |
| instrument   |      | date |      |      |      | of   |      |      | rights |
|              |      | x    |      |      |      | voting |      |      |      |
|              |      |      | Conversion |      |      | rights |      |      |      |
|              |      |      | Period |      |      | that |      |      |      |
|              |      |      | xi   |      |      | may  |      |      |      |
|              |      |      |      |      |      | be   |      |      |      |
|              |      |      |      |      |      | acquired |      |      |      |
|              |      |      |      |      |      | if   |      |      |      |
|              |      |      |      |      |      | the  |      |      |      |
|              |      |      |      |      |      | instrument |      |      |      |
|              |      |      |      |      |      | is   |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      | exercised/converted. |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
| Convertible  |      |      |      |      |      |      |      |      |      |
| Bond         |      | 08/02/2027 | Anytime |      |      | 13,440,000 |      |      | 6.62% |
|              |      |      | until |      |      |      |      |      |      |
|              |      |      | maturity |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
| Convertible  |      |      |      |      |      |      |      |      |      |
| Bond         |      | 12/02/2028 | Anytime |      |      | 17,920,000 |      |      | 8.83% |
|              |      |      | until |      |      |      |      |      |      |
|              |      |      | maturity |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      | SUBTOTAL |      |      | 31,360,000 |      |      | 15.44% |
|              |      |      | 8. B |      |      |      |      |      |      |
|              |      |      | 1    |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
| B 2:         |      |      |      |      |      |      |      |      |      |
| Financial    |      |      |      |      |      |      |      |      |      |
| Instruments  |      |      |      |      |      |      |      |      |      |
| with similar |      |      |      |      |      |      |      |      |      |
| economic     |      |      |      |      |      |      |      |      |      |
| effect       |      |      |      |      |      |      |      |      |      |
| according to |      |      |      |      |      |      |      |      |      |
| DTR5.3.1R    |      |      |      |      |      |      |      |      |      |
| (1) (b)      |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
| Type of      |      |      |      |      |      |      |      |      | % of |
| financial    | Expiration |      | Exercise/ |      | Physical |      |      | Number | voting |
| instrument   | date |      |      |      | or   |      |      | of   | rights |
|              | x    |      |      |      | cash |      |      | voting |      |
|              |      |      | Conversion |      |      |      |      | rights |      |
|              |      |      | Period |      | Settlement |      |      |      |      |
|              |      |      | xi   |      | xii  |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      | SUBTOTAL |      |      |      |      |
|              |      |      |      |      | 8.B.2 |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
|              |      |      |      |      |      |      |      |      |      |
+--------------+------+------+------+------+------+------+------+------+------+

+---------------------+----------------+-----------------+----------------+--+
| 9. Information in   |                |                 |                |  |
| relation to the     |                |                 |                |  |
| person subject to   |                |                 |                |  |
| the notification    |                |                 |                |  |
| obligation (please  |                |                 |                |  |
| mark the            |                |                 |                |  |
| applicable box with |                |                 |                |  |
| an “X”)             |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
| Person subject to   |                |                 |                |  |
| the notification    |                |                 |                |  |
| obligation is not   |                |                 |                |  |
| controlled by any   |                |                 |                |  |
| natural person or   |                |                 |                |  |
| legal entity and    |                |                 |                |  |
| does not control    |                |                 |                |  |
| any other           |                |                 |                |  |
| undertaking(s)      |                |                 |                |  |
| holding directly or |                |                 |                |  |
| indirectly an       |                |                 |                |  |
| interest in the     |                |                 |                |  |
| (underlying) issuer |                |                 |                |  |
| xiii                |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
| Full chain of       |                |                 |                |  |
| controlled          |                |                 |                |  |
| undertakings        |                |                 |                |  |
| through which the   |                |                 |                |  |
| voting rights       |                |                 |                |  |
| and/or the          |                |                 |                |  |
| financial           |                |                 |                |  |
| instruments are     |                |                 |                |  |
| effectively held    |                |                 |                |  |
| starting with the   |                |                 |                |  |
| ultimate            |                |                 |                |  |
| controlling natural |                |                 |                |  |
| person or legal     |                |                 |                |  |
| entity (please add  |                |                 |                |  |
| additional rows as  |                |                 |                |  |
| necessary) xiv      |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
|       Name xv       |  % of voting   |   % of voting   | Total of both  |  |
|                     |  rights if it  | rights through  |  if it equals  |  |
|                     |  equals or is  |    financial    |  or is higher  |  |
|                     |  higher than   | instruments if  |    than the    |  |
|                     | the notifiable | it equals or is |   notifiable   |  |
|                     |   threshold    | higher than the |   threshold    |  |
|                     |                |   notifiable    |                |  |
|                     |                |    threshold    |                |  |
+---------------------+----------------+-----------------+----------------+--+
| Heights Capital     | 10.13%         | 15.44%          | 25.58%         |  |
| Management, Inc.    |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
| CVI Investments,    | 10.13%         | 15.44%          | 25.58%         |  |
| Inc.                |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
|                     |                |                 |                |  |
|                     |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
|                     |                |                 |                |  |
|                     |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
|                     |                |                 |                |  |
|                     |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
|                     |                |                 |                |  |
|                     |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
| 10. In case of      |                |                 |                |  |
| proxy voting,       |                |                 |                |  |
| please identify:    |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
| Name of the proxy   |                |                 |                |  |
| holder              |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
| The number and % of |                |                 |                |  |
| voting rights held  |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
| The date until      |                |                 |                |  |
| which the voting    |                |                 |                |  |
| rights will be held |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
|                     |                |                 |                |  |
|                     |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
| 11. Additional      |                |                 |                |  |
| information xvi     |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+
| None                |                |                 |                |  |
+---------------------+----------------+-----------------+----------------+--+

+------------------------------------+---------------------------------------+
| Place of completion                | London, United Kingdom                |
+------------------------------------+---------------------------------------+
| Date of completion                 | 15.04.2026                            |
+------------------------------------+---------------------------------------+