Professor Kai Krohn appointed as CEO & President
for FIT Biotech

September 22 2003, Press release

Professor Kai Krohn has been appointed as new CEO & President for FIT Biotech Plc effect from 16th of September, 2003. Professor Krohn is the founder of the company, and has been a member of the Board of Directors and Management Team since the beginning. His previous position in the company was the Senior Vice President, Science & Technology.

Former CEO & President Pekka Sillanaukee continues as the Vice Chairman of the Board of Directors and as an advisor to the company.

About FIT Biotech

FIT Biotech Plc is an innovative medical biotechnology company engaged in the development and commercialization of its proprietary Gene Transport Unit (GTU®) technology and GTU product applications in DNA vaccination and immune therapy. The company’s other areas of expertise are artificial immunogen (multiepitope), recombinant protein and antibody technologies, as well as GMP grade process development and production of DNA vaccines. In addition, the company has developed and launched diagnostic products for the detection of natural latex allergens. FIT Biotech was established in 1995 and is located in Tampere, Finland, with operations also in Tartu, Estonia.

Further information
CEO & President Kai Krohn
FIT Biotech Oyj Plc.
Tel. +358 3 3138 7000
Fax. +358 3 3138 7050
Mobile +358 40 833 1366
kai.krohn@fitbiotech.com

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