VBI Vaccines Announces Results of Annual General and Special Meeting

CAMBRIDGE, MASSACHUSETTS -- (Marketwired) -- 09/26/16 -- VBI Vaccines Inc. (NASDAQ: VBIV)(TSX: VBV) ("VBI") today announced the voting results from its annual general and special meeting (the "Meeting") held on September 23, 2016.

A total of 26,558,396 shares were represented at the Meeting, being 73.50% of the Company's issued and outstanding common shares. The shareholders voted on and approved all matters brought before the Meeting, including the appointment of EisnerAmper LLP, Chartered Accountants as auditors of the Company and to authorize the directors to fix their remuneration, the election of the directors of the Company, and an advisory resolution to approve the Company's approach to executive compensation.

Detailed results of the vote for the election of directors are provided below:

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                                         Votes For         Votes Withheld
Nominee                                 #          %         #         %

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Election of Directors
Jeff Baxter                        18,066,460   99.71%    52,985     0.29%
Steven Gillis                      18,118,302   99.99%     1,143     0.01%
Scott Requadt                      18,116,772   99.99%     2,673     0.01%
Michel De Wilde                    18,116,389   99.98%     3,056     0.02%
Sam Chawla                         18,117,972   99.99%     1,473     0.01%
Steven D. Rubin                    18,017,032   99.43%    102,413    0.57%
Adam Logal                         18,112,942   99.96%     6,503     0.04%

The Company is also pleased to announce that the Chief Financial Officer of VBI Vaccines Inc. (Delaware) prior to the merger (the "Merger") of the Company (then SciVac Therapeutics Inc.) and VBI Vaccines Inc. (Delaware), Egidio Nascimento, has been named Chief Financial Officer of the Company. The Company would like to thank James J. Martin for his role as Chief Financial Officer of the Company during the Company's transition period post-Merger.

About VBI Vaccines Inc.

VBI Vaccines Inc. ("VBI") is a commercial-stage biopharmaceutical company developing a next generation of vaccines to address unmet needs in infectious disease and immuno-oncology. VBI's first marketed product is Sci-B-Vac™, a hepatitis B ("HBV") vaccine that mimics all three viral surface antigens of the hepatitis B virus; Sci-B-Vac is approved for use in Israel and 14 other countries. VBI's eVLP Platform technology allows for the development of enveloped ("e") virus-like particle ("VLP") vaccines that closely mimic the target virus to elicit a potent immune response. VBI is advancing a pipeline of eVLP vaccines, with lead programs in cytomegalovirus ("CMV") and glioblastoma multiforme ("GBM"). VBI is also advancing its LPV™ Thermostability Platform, a proprietary formulation and process that allows vaccines and biologics to preserve stability, potency, and safety. VBI is headquartered in Cambridge, MA with research operations in Ottawa, Canada and research and manufacturing facilities in Rehovot, Israel.

--  Website Home: http://www.vbivaccines.com/
--  News and Insights: http://www.vbivaccines.com/wire/
--  Investors: http://www.vbivaccines.com/investors/

Contacts:
VBI Contact
Perri Maduri
Communications Executive
[phone] x124
[e-mail]

VBI Investor Contact
Nell Beattie
Director, Corporate Development and Investor Relations
[phone] x128
[e-mail]