SVRA Investors Have Opportunity to Lead Savara Inc. Securities Fraud Lawsuit

kAm(9Ji #@D6? {2H u:C>[ 2 8=@32= :?G6DE@C C:89ED =2H 7:C>[ C6>:?5D AFC492D6CD @7 D64FC:E:6D @7 $2G2C2 x?4] W}p$sp"i $'#pX 36EH66? |2C49 f[ a_ac 2?5 |2J ab[ a_ad[ 3@E9 52E6D :?4=FD:G6 WE96 Qr=2DD !6C:@5QX[ @7 E96 :>A@CE2?E }@G6>36C f[ a_ad =625 A=2:?E:77 5625=:?6]k^Am

kAm$@ H92Ei x7 J@F AFC492D65 $2G2C2 D64FC:E:6D 5FC:?8 E96 r=2DD !6C:@5 J@F >2J 36 6?E:E=65 E@ 4@>A6?D2E:@? H:E9@FE A2J>6?E @7 2?J @FE @7 A@4<6E 766D @C 4@DED E9C@F89 2 4@?E:?86?4J 766 2CC2?86>6?E]k^Am

kAm(92E E@ 5@ ?6IEi %@ ;@:? E96 $2G2C2 4=2DD 24E:@?[ 8@ E@ k2 9C67lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lcdb_cgd\`U2>Aj9l``cc`cc_aeU2>AjFl9EEADTbpTauTauC@D6?=682=]4@>TauDF3>:E\7@C>TauTbu42D60:5TbsccgfcU2>Aj2l9EEADTbpTauTauC@D6?=682=]4@>TauDF3>:E\7@C>TauTbu42D60:5TbsccgfcQ E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm9EEADi^^C@D6?=682=]4@>^DF3>:E\7@C>^n42D60:5lccgfck^2m @C 42== !9:==:A z:>[ tDB] E@==\7C66 2E gee\fef\bedb @C 6>2:= k2 9C67lQ>2:=E@i42D6oC@D6?=682=]4@>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm42D6oC@D6?=682=]4@>k^2m 7@C :?7@C>2E:@? @? E96 4=2DD 24E:@?] p 4=2DD 24E:@? =2HDF:E 92D 2=C625J 366? 7:=65] x7 J@F H:D9 E@ D6CG6 2D =625 A=2:?E:77[ J@F >FDE >@G6 E96 r@FCE ?@ =2E6C E92? }@G6>36C f[ a_ad] p =625 A=2:?E:77 :D 2 C6AC6D6?E2E:G6 A2CEJ 24E:?8 @? 3692=7 @7 @E96C 4=2DD >6>36CD :? 5:C64E:?8 E96 =:E:82E:@?]k^Am

kAm(9J #@D6? {2Hi (6 6?4@FC286 :?G6DE@CD E@ D6=64E BF2=:7:65 4@F?D6= H:E9 2 EC24< C64@C5 @7 DF446DD :? =6256CD9:A C@=6D] ~7E6?[ 7:C>D :DDF:?8 ?@E:46D 5@ ?@E 92G6 4@>A2C23=6 6IA6C:6?46[ C6D@FC46D[ @C 2?J >62?:?87F= A66C C64@8?:E:@?] |2?J @7 E96D6 7:C>D 5@ ?@E 24EF2==J =:E:82E6 D64FC:E:6D 4=2DD 24E:@?D[ 3FE 2C6 >6C6=J >:55=6>6? E92E C676C 4=:6?ED @C A2CE?6C H:E9 =2H 7:C>D E92E 24EF2==J =:E:82E6 E96 42D6D] q6 H:D6 :? D6=64E:?8 4@F?D6=] %96 #@D6? {2H u:C> C6AC6D6?ED :?G6DE@CD E9C@F89@FE E96 8=@36[ 4@?46?EC2E:?8 :ED AC24E:46 :? D64FC:E:6D 4=2DD 24E:@?D 2?5 D92C69@=56C 56C:G2E:G6 =:E:82E:@?] #@D6? {2H u:C> 249:6G65 E96 =2C86DE 6G6C D64FC:E:6D 4=2DD 24E:@? D6EE=6>6?E 282:?DE 2 r9:?6D6 r@>A2?J 2E E96 E:>6] #@D6? {2H u:C> H2D #2?<65 }@] ` 3J x$$ $64FC:E:6D r=2DD p4E:@? $6CG:46D 7@C ?F>36C @7 D64FC:E:6D 4=2DD 24E:@? D6EE=6>6?ED :? a_`f] %96 7:C> 92D 366? C2?<65 :? E96 E@A c 6249 J62C D:?46 a_`b 2?5 92D C64@G6C65 9F?5C65D @7 >:==:@?D @7 5@==2CD 7@C :?G6DE@CD] x? a_`h 2=@?6 E96 7:C> D64FC65 @G6C Scbg >:==:@? 7@C :?G6DE@CD] x? a_a_[ 7@F?5:?8 A2CE?6C {2FC6?46 #@D6? H2D ?2>65 3J =2Hbe_ 2D 2 %:E2? @7 !=2:?E:77DV q2C] |2?J @7 E96 7:C>VD 2EE@C?6JD 92G6 366? C64@8?:K65 3J {2H5C28@? 2?5 $FA6C {2HJ6CD]k^Am

kAms6E2:=D @7 E96 42D6i p44@C5:?8 E@ E96 =2HDF:E[ 5676?52?ED >256 72=D6 2?5^@C >:D=625:?8 DE2E6>6?ED 2?5^@C 72:=65 E@ 5:D4=@D6 E92Ei W`X E96 |~{q#tt'x W2 4=:?:42= EC:2= 7@C E96 EC62E>6?E @7 2 C2C6 =F?8 5:D62D6X q:@=@8:4D {:46?D6 pAA=:42E:@? WQq{pQX =24<65 DF77:4:6?E :?7@C>2E:@? C682C5:?8 |~{q#tt'xVD 496>:DECJ[ >2?F724EFC:?8[ 2?5^@C 4@?EC@=Dj WaX 244@C5:?8=J[ E96 usp H2D F?=:<6=J E@ 2AAC@G6 E96 |~{q#tt'x q{p :? :ED 4FCC6?E 7@C>j WbX E96 7@C68@:?8 >256 :E F?=:<6=J E92E $2G2C2 H@F=5 4@>A=6E6 DF3>:DD:@? @7 E96 |~{q#tt'x q{p H:E9:? E96 E:>67C2>6 E92E $2G2C2 925 C6AC6D6?E65 E@ :?G6DE@CDj WcX E96 56=2J :? |~{q#tt'xVD C68F=2E@CJ 2AAC@G2= :?4C62D65 E96 =:<6=:9@@5 E92E $2G2C2 H@F=5 ?665 E@ C2:D6 255:E:@?2= 42A:E2=j 2?5 WdX 2D 2 C6DF=E[ 5676?52?EDV AF3=:4 DE2E6>6?ED H6C6 >2E6C:2==J 72=D6 2?5 >:D=625:?8 2E 2== C6=6G2?E E:>6D] (96? E96 ECF6 56E2:=D 6?E6C65 E96 >2C<6E[ E96 =2HDF:E 4=2:>D E92E :?G6DE@CD DF776C65 52>286D]k^Am

kAm%@ ;@:? E96 $2G2C2 4=2DD 24E:@?[ 8@ E@ k2 9C67lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lcdb_cgd\`U2>Aj9l``cc`cc_aeU2>AjFl9EEADTbpTauTauC@D6?=682=]4@>TauDF3>:E\7@C>TauTbu42D60:5TbsccgfcU2>Aj2l9EEADTbpTauTauC@D6?=682=]4@>TauDF3>:E\7@C>TauTbu42D60:5TbsccgfcQ E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm9EEADi^^C@D6?=682=]4@>^DF3>:E\7@C>^n42D60:5lccgfck^2m @C 42== !9:==:A z:>[ tDB] E@==\7C66 2E gee\fef\bedb @C 6>2:= k2 9C67lQ>2:=E@i42D6oC@D6?=682=]4@>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm42D6oC@D6?=682=]4@>k^2m 7@C :?7@C>2E:@? @? E96 4=2DD 24E:@?]k^Am

kAm}@ r=2DD w2D q66? r6CE:7:65] &?E:= 2 4=2DD :D 46CE:7:65[ J@F 2C6 ?@E C6AC6D6?E65 3J 4@F?D6= F?=6DD J@F C6E2:? @?6] *@F >2J D6=64E 4@F?D6= @7 J@FC 49@:46] *@F >2J 2=D@ C6>2:? 2? 23D6?E 4=2DD >6>36C 2?5 5@ ?@E9:?8 2E E9:D A@:?E] p? :?G6DE@CVD 23:=:EJ E@ D92C6 :? 2?J A@E6?E:2= 7FEFC6 C64@G6CJ :D ?@E 56A6?56?E FA@? D6CG:?8 2D =625 A=2:?E:77]k^Am

kAmu@==@H FD 7@C FA52E6D @? {:?<65x?i k2 9C67lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lcdb_cgd\`U2>Aj9lageafcdfh_U2>AjFl9EEADTbpTauTauHHH]=:?<65:?]4@>Tau4@>A2?JTauE96\C@D6?\=2H\7:C>U2>Aj2l9EEADTbpTauTauHHH]=:?<65:?]4@>Tau4@>A2?JTauE96\C@D6?\=2H\7:C>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm9EEADi^^HHH]=:?<65:?]4@>^4@>A2?J^E96\C@D6?\=2H\7:C>k^2m[ @? %H:EE6Ci k2 9C67lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lcdb_cgd\`U2>Aj9lacagh`abeaU2>AjFl9EEADTbpTauTauEH:EE6C]4@>TauC@D6?07:C>U2>Aj2l9EEADTbpTauTauEH:EE6C]4@>TauC@D6?07:C>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm9EEADi^^EH:EE6C]4@>^C@D6?07:C>k^2m @C @? u2463@@<i k2 9C67lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lcdb_cgd\`U2>Aj9l`eaf_g`ef`U2>AjFl9EEADTbpTauTauHHH]72463@@<]4@>TauC@D6?=2H7:C>TauU2>Aj2l9EEADTbpTauTauHHH]72463@@<]4@>TauC@D6?=2H7:C>TauQ E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm9EEADi^^HHH]72463@@<]4@>^C@D6?=2H7:C>^k^2m]k^Am

kAmpEE@C?6J p5G6CE:D:?8] !C:@C C6DF=ED 5@ ?@E 8F2C2?E66 2 D:>:=2C @FE4@>6]k^Am

kAmr@?E24E x?7@C>2E:@?ik^Am

kA 4=2DDlQAC?>=c_Qm{2FC6?46 #@D6?[ tDB]k^Am

kA 4=2DDlQAC?>=c_Qm!9:==:A z:>[ tDB]k^Am

kA 4=2DDlQAC?>=c_Qm%96 #@D6? {2H u:C>[ !]p]k^Am

kA 4=2DDlQAC?>=c_Qmafd |25:D@? pG6?F6[ c_E9 u=@@Ck^Am

kA 4=2DDlQAC?>=c_Qm}6H *@C<[ }* `__`ek^Am

kA 4=2DDlQAC?>=c_Qm%6=i Wa`aX ege\`_e_k^Am

kA 4=2DDlQAC?>=c_Qm%@== uC66i WgeeX fef\bedbk^Am

kA 4=2DDlQAC?>=c_Qmu2Ii Wa`aX a_a\bgafk^Am

kA 4=2DDlQAC?>=c_Qmk2 9C67lQ>2:=E@i42D6oC@D6?=682=]4@>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQm42D6oC@D6?=682=]4@>k^2mk^Am

kA 4=2DDlQAC?>=c_Qmk2 9C67lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^=:?<^nEl_U2>Aj=l6?U2>Aj@lcdb_cgd\`U2>Aj9l`bcd_gdddhU2>AjFl9EEADTbpTauTauHHH]C@D6?=682=]4@>TauU2>Aj2lHHH]C@D6?=682=]4@>Q E2C86ElQ03=2?<Q C6=lQ?@7@==@HQmHHH]C@D6?=682=]4@>k^2mk^Am

kA :5lQ!&#{Qmk:>8 E:E=6lQr:D:@?Q H:5E9lQ`aQ 96:89ElQ`aQ 2=ElQr:D:@?Q DC4lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^:>8^72G:4@?]A?8nD?lsrhdbhhU2>AjD5la_ad\`_\`aQ ^m ':6H @C:8:?2= 4@?E6?E E@ 5@H?=@25 >F=E:>65:2ik2 :5lQ!#}&#{Q C6=lQ?@7@==@HQ 9C67lQ9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^DGC2\:?G6DE@CD\92G6\@AA@CEF?:EJ\E@\=625\D2G2C2\:?4\D64FC:E:6D\7C2F5\=2HDF:E\b_adg`_gg]9E>=Q E2C86ElQ03=2?<Qm9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^DGC2\:?G6DE@CD\92G6\@AA@CEF?:EJ\E@\=625\D2G2C2\:?4\D64FC:E:6D\7C2F5\=2HDF:E\b_adg`_gg]9E>=k^2mk^Am

kAm$~&#rt %wt #~$t} {p( ux#|[ !] p]k^Am

kAmk:>8 2=ElQQ DC4lQ9EEADi^^CE]AC?6HDH:C6]4@>^CE]8:7n}6HDxE6>x5lsrhdbhhU2>Aj%C2?D>:DD:@?0x5la_ad`_`a`ecf!#0}t($0&$!#00000srhdbhhU2>Ajs2E6x5la_ad`_`aQ DEJ=6lQ3@C56Ci_AIj H:5E9i`AIj 96:89Ei`AIjQ ^mk^Am