We want to save patients with severe cancer and autoimmune diseases Clinical investigations with our lead antibody CAN04 to our proprietary target

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We want to save patients with severe cancer and autoimmune diseases Clinical investigations with our lead antibody CAN04 to our proprietary target

We want to save patients with severe cancer and autoimmune diseases Entering clinical phase with our lead antibody CAN04 to our proprietary target

We want to save patients with severe cancer and autoimmune diseases Entering clinical phase with our lead antibody CAN04 to our proprietary target

We want to save patients with severe cancer and autoimmune diseases Entering clinical phase with our lead antibody CAN04 to our proprietary target

We want to save patients with severe cancer and autoimmune diseases Clinical investigations with our lead antibody CAN04 to our proprietary target

We want to save patients with severe cancer and autoimmune diseases Clinical investigations with our lead antibody CAN04 to our proprietary target

We want to save patients with severe cancer and autoimmune diseases Entering clinical phase with our lead antibody CAN04 to our proprietary target

We want to save patients with severe cancer and autoimmune diseases Entering clinical phase with our lead antibody CAN04 to our proprietary target

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We want to save patients with severe cancer and autoimmune diseases Clinical investigations with our lead antibody CAN04 to our proprietary target Göran Forsberg, CEO 1

Safe Harbour Statement The following presentation may include predictions, estimates or other information that might be considered forward-looking. The statements regarding the surrounding world and future circumstances in this presentation reflect Cantargia s current thinking with respect to future events and financial performance. Prospective statements only express the assessments and assumptions the company makes at the time of the presentation. These statements are wellconsidered, but the audience should note that, as with all prospective assessments, they are associated with risks and uncertainties. 2

CAN04 phase I clinical data at ESMO CAN04 has generally been well tolerated 6 mg/kg is safe Biomarker results (IL-6 and CRP) supportive In a heavily pre-treated patient population, 5 of 13 patients (38%) had SD. One patient with NSCLC had SD for 6 months. 3

IL-1 blockade in cancer- Recent supportive clinical data CANTOS trial Canakinumab (Novartis) Reduced lung cancer incidence by 67 % and death by 77 %. Placebo High dose Canakinumab phase 3 trials Adjuvant NSCLC After surgery, no mets, placebo control 1500 patients, recruitment ongoing Completion 2021/22 First line (CANOPY-1) Untreated locally advanced/metastatic Combination Pembro/Platinum doublet 627 patients, start Dec 2018 Completion 2021/22 Second line metastatic (CANOPY-2) Previously treated loc adv/metastatic Combination Docetaxel 240 patients, start Dec 2018 Completion 2021 Clinical validation of IL-1 pathway 4 Cantargia's CAN04 has broader MOA Source clinicaltrials.gov

CAN04 (nidanilimab) vs Canakinumab Canakinumab Antibody directed against one of the two IL-1 ligands, IL-1β CAN04: Binds the common signaling receptor and counteracts both ligands Induce killing via the immune system (ADCC) 5

CAN04 CANFOUR clinical trial Phase I/IIa trial - NSCLC and pancreatic cancer Norway, Denmark, Netherlands and Belgium Well renowned centres (Jules Bordet, Brussels; Erasmus Rotterdam, NKI, Amsterdam; Rigshospitalet, Copenhagen; Radiumhospitalet, Oslo) 16 patients treated, good safety NSCLC, pancreatic cancer, colon cancer, triple negative breast cancer Phase IIa: focused on NSCLC and pancreatic cancer (appr 20 centres) Monotherapy Combination with standard therapy NSCLC Cisplatin/Gemcitabine Pancreatic cancer Gemcitabine/nabpaclitaxel Q4 2018 Early 2020 Details on www.clinicaltrials.gov 6

Cantargia at a glance Specialized in antibody therapy/immunology, with initial focus on oncology Granted IP - therapeutic target IL1RAP and drug candidate Lead antibody CAN04 (nidanilimab) in clinical development Strong management team with proven track record in clinical development and business development Listed on Nasdaq Stockholm Approximately 5000 shareholders Based in Lund, Sweden Financial highlights Share price: 17.30 SEK (1.90 USD), Nov 5, 2018 Market cap: 1145 MSEK (126 MUSD), Nov 5, 2018 Cash: 191 MSEK (20.9 MUSD), Sep 30 2018 Current owners (Sep 30, 2018) Sunstone 9.0% 1st AP fund 6.9% Avanza Pension 5.2% 4th AP fund 4.6% 2nd AP fund 3.3% Öhman Bank S.A. 3.3% SEB S.A. clients 3.2% Mats Invest AB 2.0% Tibia konsult 1.9% Kudu AB 1.9 % Others 58.6% 7

Cantargia pipeline 8

CAN04 attacks several cell types in the tumor 9

Significant value inflection points ahead 2018 Preclinical data (immuno-oncology effects, combinations etc) Phase I clinical data final dose level (Q4 2018) Initiation of Phase IIa portion of the clinical trial (Q4 2018) US regulatory and clinical strategy 2019/2020 Clinical progress and Phase IIa results Preclinical progress CANxx progress 10

Cantargia summary Lead candidate antibody CAN04 in clinical trials against cancer Encouraging interim phase I data Double mechanism of action Initial development in NSCLC and pancreatic cancer (cancer forms with poor prognosis) Recent external validation of pathway Second generation antibodies for autoimmune disease Unique and strong IP Strong lead investors with high competence and well known track record Funding through phase IIa - until mid 2020. 11