H. Lundbeck A — Director's Dealing 2016

May 30, 2016

Valby, Denmark, 30 May 2016 - H. Lundbeck A/S (Lundbeck) hereby reports
transactions made by executives and persons and legal entities closely
associated to them with shares and linked securities in Lundbeck, cf. Section
28a of the Danish Securities Trading Act.

Name:
Anders Gersel Pedersen

Job position:
Executive Vice President, member of the Executive Management

ID code (ISIN code):
DK 0010287234

Name of the issuer of the securities:
H. Lundbeck A/S

Description of the security:
Shares

Nature of the transaction:
Sale of shares

Date of trading:
27 May 2016

Market on which the trading was affected: Nasdaq OMX
Copenhagen

Number of traded securities: 45,000
shares

Total market price of securities traded: DKK
11,718,109

Persons under obligation to report such transactions are defined as members of
the Executive Management, members of the Board of Directors and other
executives of H. Lundbeck A/S and persons/entities closely associated to them.

Closely associated persons/entities could include but is not limited to:

• spouse or cohabitant

• children below the age of 18, provided that the executive is
the custody holder

• legal entities in which the executive has a controlling
influence