Shareholders

The company’s shares are registered by name and entered in the register of shareholders. At the end of 2007, approximately 25,200 registered shareholders held about 97% of the share capital.

Through its wholly owned company LFI a/s, the Lundbeck Foundation, which is the company’s largest shareholder, held 141,443,241 shares at the end of 2007, corresponding to approximately 70% of the shares and votes in H. Lundbeck A/S. LFI a/s is the only shareholder who has notified the company that it holds more than 5% of the share capital.

Institutional investors in North America increased their holdings of Lundbeck shares throughout 2007 to hold approximately 28% of the free float at 31 December 2007. This is an increase of 231% or more than 40 million shares compared with 2006. International institutional investors now hold more than 50% of the free float.

During 2007, Danish institutional investors reduced their holdings of Lundbeck shares in free float from 33% to 24%. European institutional investors kept their ownership at a fairly constant level, but their stake was reduced as a result of the company issuing treasury shares.

The share of the free float held by private investors has declined to approximately 15%. At the end of 2007, members of Lundbeck’s Supervisory Board and Executive Management held a total of 81,630 Lundbeck shares.