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FORM 51-102F3 MATERIAL CHANGE REPORT Item 1 Name and Address of Company Aeterna Zentaris Inc. (the Company ) c/o Stikeman Elliott LLP 1155 Ren -L vesque Blvd. West, 41st Floor Montr al, Qu bec H3B 3V2 Item 2 Date of Mate

Key Takeaway: MATERIAL CHANGE REPORT Item 1 Name and Address of Company Aeterna Zentaris Inc. (the Company ) c/o Stikeman Elliott LLP 1155 Ren -L vesque Blvd. West, 41st Floor Item 2 Date of Material Change On November 19, 2018, the Company issued a news release indicating the material c

Full Press Release Details

MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Aeterna Zentaris Inc. (the Company )
c/o Stikeman Elliott LLP
1155 Ren -L vesque Blvd. West, 41st Floor
Item 2 Date of Material Change
On November 19, 2018, the Company issued a news release indicating the material change, which was disseminated on the GlobeNewswire news service.
Item 4 Summary of Material Change
On November 19, 2018, the Company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a positive opinion recommending a marketing authorization for macimorelin, an orally available ghrelin agonist, for diagnosis of adult growth hormone deficiency. The recommendation will now be reviewed by the European Commission.
Item 5.1 Full Description of Material Change
On November 19, 2018, the Company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a positive opinion recommending a marketing authorization for macimorelin, an orally available ghrelin agonist, for diagnosis of adult growth hormone deficiency. The recommendation will now be reviewed by the European Commission.
Item 5.2 Disclosure for Restructuring Transactions
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Item 7 Omitted Information
Item 8 Executive Officer
Further information regarding the matter described in this report may be obtained from Leslie Auld, Chief Financial Officer, at 843-900-3201 or IR@AEZSinc.com.
Item 9 Date of Report
Last updated: Nov 16, 2018