Affiliated companies

Parent company	100%-owned subsidiaries	Associated companies
NeuroSearch A/S	NeuroSearch Sweden AB	Atonomics A/S (equity interest: 17.8 %)
	Poseidon Pharmaceuticals A/S*	NsGene A/S (equity interest: 26.8 %)
	NsExplorer A/S*

As of 31 December 2012

* There is no activity in the company