Directors' Dealings

Any purchase or sale of Intercell AG shares (ISIN AT0000612601) by members of the management board, supervisory board or other leading executives will be disclosed to the Austrian Financial Market Authority - FMA in accordance with article 48d section 4 of the Austrian Stock Exchange Act and the FMA will publish the transactions.

In addition, Intercell makes disclosure on such directors' dealings available on FMA - Austrian Financial Market Authority webpage.