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Æterna Zentaris Files US$60 Million Short Form Base Shelf Prospectus

CLIENT

Æterna Zentaris Inc

DATE

March 12, 2010

On March 12, 2010, Æterna Zentaris Inc. filed with the Canadian securities regulatory authorities a short form base shelf prospectus qualifying the offering, sale and issuance of common shares and warrants to purchase common shares of its share capital for a maximum aggregate offering price of US$60 million and a concurrent registration statement on Form F-3 filed with the SEC to register US$60 million of common shares and warrants.

Æterna Zentaris was represented by Ogilvy Renault LLP with a team comprised of Elliot Shapiro, Steve Malas, Marie-Claude Mailloux and Christine Dubé

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