INFLARX NV

Ticker: IFRX CUSIP: N44821101 Class: COM

Artal Group S.A.'s Holding History (CIK: 0001053906)

Note: Option positions (PUT/CALL) are excluded.

Q1 2019

Shares 825,000 Value ($000) $31,177 Avg Close $37.25 Range $30.80 - $51.33

Q4 2018

Shares 500,000 Value ($000) $18,185 Avg Close $30.78 Range $20.31 - $38.27

Q3 2018

Shares 500,000 Value ($000) $17,160 Avg Close $32.25 Range $28.16 - $40.13

Q2 2018

Shares 500,000 Value ($000) $16,125 Avg Close $34.54 Range $26.46 - $42.83

Q1 2018

Shares 125,000 Value ($000) $3,605 Avg Close $26.36 Range $19.00 - $34.86

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	825,000	$31,177	$37.25	$30.80 - $51.33
Q4 2018	500,000	$18,185	$30.78	$20.31 - $38.27
Q3 2018	500,000	$17,160	$32.25	$28.16 - $40.13
Q2 2018	500,000	$16,125	$34.54	$26.46 - $42.83
Q1 2018	125,000	$3,605	$26.36	$19.00 - $34.86