Analyst coverage

FIRM	ANALYST	RECOMMENDATION (since)
RBS	M. Gundogan	BUY (22 Jun 2010)
Madison Williams	D. Moskowitz	BUY (23 Feb 2010)
UBS	G. v.Renterghem / M. Wales	BUY (5 Nov 2009)
Kempen & Co.	M. Pospisilik/S. van Gorp	BUY (27 Oct 2009)
Rabo Securities	F. Smeets	BUY (22 Oct 2009)
Standard & Poor's	A. Jain	BUY (8 Aug 2009)
Petercam	J. van de Bossche	BUY (29 Sep 2008)
Needham & Company	A. Carr	BUY (13 Feb 2007)
Theodoor Gilissen	T. Muller	BUY (22 Sep 2006)
Goldman Sachs	M. Readey/E. Rocha	HOLD (10 Feb 2010)
Jefferies	P. Welford	HOLD (12 Jan 2010)
ING	L. Poloniecki	HOLD (29 Sep 2009)
Fortis Bank	R. Verhoef	HOLD (29 Sep 2009)
EXANE BNP Paribas	V. Meunier / R. Zana	HOLD (22 Sep 2009)
SNS Securities	D. van Doesburg	HOLD (3 Sep 2009)
BoA/Merrill Lynch	B. de Lima	SELL (15 Jan 2010)

Note: Crucell is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Crucell's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Crucell or its management. Crucell does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.