H. Lundbeck, new incentive plan in the Lundbeck Group

At a meeting held on 9 December 2003, the Supervisory Board of Lundbeck A/S, pursuant to the authority granted by the company’s shareholders at the Annual General Meeting in April 2003, resolved to grant a total of 2,700,000 warrants to members of the Executive Board and key employees of the company and its non-US subsidiaries. No member of the company’s Supervisory Board has been granted warrants.