ERYTECH TO RAISE €70.5 MILLION IN A PRIVATE PLACEMENT TO U.S. AND EUROPEAN INVESTORS

ERYTECH announces today that, in connection with the anticipated completion of a capital increase of 3,000,000 new ordinary shares reserved, it has obtained commitments from qualified investors in the United States and in Europe to purchase ordinary shares of the Company in a private placement reserved for a specified category of investors described below (the “Reserved Offering”). Total gross proceeds from the Reserved Offering placement are expected to be €70.5 million, before deducting fees and expenses. Jefferies International Limited acted as Sole Global Coordinator and acted together with Cowen and Company, LLC and Oddo & Cie as Joint Bookrunners in the Reserved Offering.

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