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FORM 7 MONTHLY PROGRESS REPORT November 30, 2020, Name of Listed Issuer: Merits Pharma Inc. (the Company). Trading Symbol: ART Number of Outstanding Listed Securities: 29,257,992 common shares Date:

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What is number of outstanding listed?

The number of outstanding listed refers to the total number of shares issued by a company that are currently held by investors.

Who is required to file number of outstanding listed?

Companies listed on any stock exchange are required to file number of outstanding listed.

How to fill out number of outstanding listed?

The number of outstanding listed can be filled out by calculating the total number of shares issued by the company and subtracting any treasury shares.

What is the purpose of number of outstanding listed?

The number of outstanding listed helps investors and analysts determine the market value of a company's equity.

What information must be reported on number of outstanding listed?

The number of outstanding listed must include the total number of common and preferred shares issued by the company.

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