Notes regarding the information on the following webpages

The information contained on the following web pages is directed only at persons who are resident of or domiciled in the Federal Republic of Germany (Germany).  The following information does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities.  No offer of shares of Biofrontera AG is being, or will be, made to the public outside Germany.  The offer in Germany is being made solely on the basis of the securities prospectus (including any amendments thereto) which has been approved by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and which has been published on the website of Biofrontera AG. Any investment decision regarding the publicly offered shares of Biofrontera AG should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge on the website of Biofrontera AG (www.biofrontera.com).

The information contained on the following web pages is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States of America (United States).  The shares of Biofrontera AG, and the securities offered in the course of the offer, have not been and will not be registered under the US Securities Act of 1933, as amended (the Securities Act), or with any other securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.  Biofrontera AG does not intend to register the offer or parts thereof in the United States.

The information contained on the following web pages is not for distribution to persons who are located in the United States, Canada, Australia or Japan or any other jurisdiction where the offer of the securities to the public is not taking place.  Any violation of these restrictions may constitute a breach of the securities laws of these countries.  The copying, forwarding or other transmission of the content of the following web pages is prohibited.

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By clicking the "I AGREE" button below, you warrant that (i) you have read and accepted the foregoing information and restrictions in full and (ii) you are a resident of or domiciled in the country you have selected, and (iii) you agree not to distribute or forward the information contained on the following web pages to any person who is not a resident of or domiciled in Germany.*

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