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Aeterna Zentaris Announces Details and Implementation of Share Consolidation to Regain NASDAQ Compliance

Common shares to begin trading on a consolidated and reverse-split-adjusted basis on November 20, 2015

QUÉBEC CITY, Nov. 18, 2015 /PRNewswire/ - Aeterna Zentaris Inc. (AEZS) (AEZ.TO) (the "Company") today announced that the consolidation (the "Consolidation") of its issued and outstanding common shares (the "Common Shares") approved by shareholders at a special meeting held on November 16, 2015, occurred at the Consolidation ratio of 100-to-1 and became legally effective on November 17 2015 (the "Share Consolidation Effective Date").

The Company has received conditional approval from the Toronto Stock Exchange ("TSX") to effect the Consolidation and has provided notification of the Consolidation to The NASDAQ Stock Market ("NASDAQ"). Subject to final confirmation by each of TSX and NASDAQ, it is expected that the post-Consolidation Common Shares will begin trading on each of NASDAQ and TSX at the opening of markets on November 20, 2015 under the current NASDAQ and TSX trading symbols, "AEZS" and "AEZ", respectively, under the new post-Consolidation CUSIP and ISIN numbers of 007975402...