Lundbeck A/S - Notice of Extraordinary General Meeting

Valby, Denmark - Notice is hereby given of the extraordinary general meeting of H. Lundbeck A/S to be held on:

NOTICE OF EXTRAORDINARY GENERAL MEETING

Notice is hereby given for an extraordinary general meeting of H. Lundbeck A/S to be held on:

Wednesday, 8 June 2022 at 9:30 am CET

The extraordinary general meeting will be held at the offices of the Company at:

H. Lundbeck A/S, Ottiliavej 9, DK-2500 Valby

Agenda

The agenda of the meeting is as follows:

1. Proposals by the Board of Directors:

1. Proposal from the Board of Directors to split the Company's existing shares into A-shares and B-shares and amend the articles of association, including to implement certain pre-emption rights.

2. Proposal from the Board of Directors to amend the authorization to the Board of Directors to increase the share capital of the Company.

3. Proposal from the Board of Directors to amend the Remuneration Policy for the Board of Directors and Executive Management.

4. Proposal from the Board of Directors to authorize each of the Chairman of the meeting and Bech-Bruun Advokatpartnerselskab, CVR38538071, to file the resolutions passed at the extraordinary general meeting for registration with the Danish Business Authority.

ADDITIONAL INFORMATION- EXCHANGE OFFER BY THE LUNDBECK FOUNDATION

As previously announced, the Lundbeck Foundation has informed Lundbeck that the Lundbeck Foundation[1] subject to the Danish Financial Supervisory Authority's approval of the listing document (prospectus), will offer eligible shareholders a 1:1 exchange of their A-shares with the Lundbeck Foundation's B-shares to accommodate shareholders who prefer to hold B-shares. The Lundbeck Foundation has informed Lundbeck that it expects the exchange offer will be made shortly after the new A- and B-shares have been admitted to trading on Nasdaq Copenhagen, which is expected to be two business days after the anticipated adoption of the dual share structure at the extraordinary general meeting. The intended exchange offer will end approximately 20 business days after the admission to trading of the new shares and the offer period will thus be longer than the 14 days mentioned in the Lundbeck Foundation's press release from February 9, 2022. Further information about the exchange offer can be found on the Lundbeck Foundation's webpage www.lundbeckfonden.com/en/exchange-offer-2022.

PRACTICAL INFORMATION

H. Lundbeck A/S welcomes all shareholders who have obtained an admission card for themselves and for any adviser accompanying them at the extraordinary general meeting. Please note that admission cards must be obtained prior to the extraordinary general meeting in order to attend. Access to the extraordinary general meeting is via the reception on Otilliavej 9, DK-2500 Valby. There is limited parking space available on Ottiliavej and Krumtappen, where parking is allowed for up to three hours (remember to set the parking disc). Due to the parking rules in the area, it is not possible to purchase extra parking time, and no guest tickets or guest licenses are issued.

If you have functional impairments which make passage from the entrance to the Auditorium difficult, you may request assistance from the staff upon arrival at the reception.

Registration, admission cards and notice of attendance (requirement for attending the extraordinary general meeting)

In accordance with Article 10.1 of the Articles of Association, admission cards will be provided to shareholders entitled to vote at the extraordinary general meeting. Anyone who is registered as a shareholder in the register of shareholders on the date of registration, 1. June 2022, or who has made a request to such effect, including evidence of title to shares, that has reached the Company on that date, is entitled to vote at the extraordinary general meeting (see Article 10.4 of the Articles of Association).

Admission cards for the extraordinary general meeting can be obtained up to and including 3 June 2022 at the Company's website www.lundbeck.com, or by returning the admission card request form to Computershare A/S, Lottenborgvej 26 D, DK-2800 Kgs. Lyngby, tel. [phone].

Admission cards will be sent out electronically via email to the email address specified in the investor portal upon registration. The admission card must be presented at the extraordinary general meeting either electronically on a smartphone/tablet or in print.

Shareholders who have ordered admission cards without specifying their email address can pick up the admission card at the entrance of the extraordinary general meeting upon presentation of valid ID.

Voting cards will be handed out at the entrance of the extraordinary general meeting.

Contact:

Investors

Palle Holm Olesen

Vice President

Investor Relations

E: [e-mail]

T: [phone]

Media

Thomas Mikkel Mortensen

Media Relations Lead, Corp. Communication

E: [e-mail]

T: [phone]

About H. Lundbeck A/S

Lundbeck is a global pharmaceutical company specialized in brain diseases. For more than 70 years, we have been at the forefront of neuroscience research. We are tirelessly dedicated to restoring brain health, so every person can be their best. We are committed to fighting stigma and discrimination against people living with brain diseases and advocating for broader social acceptance of people with brain health conditions. Our research programs tackle some of the most complex challenges in neuroscience, and our pipeline is focused on bringing forward transformative treatments for brain diseases for which there are few, if any therapeutic options.

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