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Media release

Zug, 29 January 2018

Successful IPO of HBM-Portfolio Company ARMO BioSciences

California-based immuno-oncology company ARMO BioSciences (Nasdaq: ARMO), a privately held company in the portfolio of HBM Healthcare Investments, took an important step for continued successful corporate development with its IPO on Friday last week.

The company issued 7.5 million new shares at a price of USD 17.00 per share, thereby raising USD 128 million. On the first trading day, the share price rose by 75% to USD 29.74.

HBM Healthcare Investments invested a total of USD 12 million in ARMO since February 2016 (purchase of 0.97 million shares at USD 12.35), and contributed additional USD 10.2 million to the initial public offering. Following the IPO, HBM Healthcare Investments holds approximately 1.57 million shares worth USD 46.7 million, representing a holding of approximately 5.3% in the company.

As a result of the IPO, the net asset value per HBM-share (NAV) increases by CHF 2.76 (+1.7%).

For further information, please contact Dr. Andreas Wicki, Tel. +41 41 710 75 77,andreas.wicki@hbmhealthcare.com

Information on HBM Healthcare Investments Ltd.

HBM Healthcare Investments invests in the healthcare sector. The Company holds and manages an international portfolio of promising companies in the human medicine, biotechnology, medical technology and diagnostics sectors and related areas. Many of these companies have their lead products already available on the market or at an advanced stage of development. The portfolio companies are closely tracked and actively guided in their strategic direction. This is what makes HBM Healthcare Investments an interesting alternative to investments in big pharma and biotechnology companies. HBM Healthcare Investments has an international shareholder base and is listed on SIX Swiss Exchange (ticker: HBMN).

HBM Healthcare Investments Ltd

Bundesplatz 1 CH-6300 Zug | Tel: +41 41 710 75 77 | Fax: +41 41 710 75 78 |info@hbmhealthcare.comwww.hbmhealthcare.com

NOT FOR DISTRIBUTION IN THE USA, CANADA, JAPAN OR

AUSTRALIA

Disclaimer

This media release does not constitute an issue prospectus within the meaning of Art. 652a or Art. 1156 of the Swiss Code of Obligations, a listing prospectus in the sense of the SIX Swiss Exchange Listing Rules or a securities prospectus as defined in the German Securities Prospectus Act (Wertpapierprospektgesetz). Publication is for information purposes only and constitutes neither an offer to sell nor an invitation to buy or subscribe for securities. This media release and the information it contains must not be distributed or forwarded to or within the United States of America (USA) or to US persons (including legal entities) or publications with a general circulation in the USA. This media release does not constitute an offer or invitation to purchase any securities in the USA. The securities of HBM Healthcare Investments Ltd have not been registered under United States securities legislation and may not be offered, sold or delivered within the USA or to US persons without prior registration or the corresponding exemption from the registration requirements of US securities legislation.

HBM Healthcare Investments Ltd

Bundesplatz 1 CH-6300 Zug | Tel: +41 41 710 75 77 | Fax: +41 41 710 75 78 |info@hbmhealthcare.comwww.hbmhealthcare.com

HBM Healthcare Investments AG published this content on 29 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 January 2018 04:49:05 UTC.

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