Pharmexa A/S, reduction in share capital by reducing face value


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|                                      |           Copenhagen, 23 October 2008 |
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Pharmexa A/S - reduction in share capital by reducing face value                

The share capital of Pharmexa A/S will be reduced by reducing the face value of 
each share, cf. adoption made on the extraordinary general meeting held on 1    
July 2008.                                                                      

The changes will be implemented on NASDAQ OMX on 28 October 2008:               


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| ISIN:                                  | DK0015966592                        |
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| Name:                                  | Pharmexa                            |
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| Volume before reduction:               | 59,691,940 shares each bearing a    |
|                                        | face value of DKK 5 (DKK            |
|                                        | 298,459,700)                        |
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| Capital reduction:                     | DKK 268,613,730                     |
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| Volume after reduction:                | 59,691,940 shares each bearing a    |
|                                        | face value of DKK 0.50 DKK          |
|                                        | (29,845,970)                        |
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| New face value:                        | DKK 0.50                            |
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| Short name:                            | PHARMX                              |
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For further information, please see announcements from Pharmexa, e.g.           
announcement of 22 October 2008.                                                

For further information, please contact: Asta Jepsen, Surveillance, tel. +45 33 
93 33 66

Attachments

pharmexa - nedsttelse af aktiekapital  ny aktiestrrelse-uk.pdf