Investor Presentaiton

Investor Presentation First six months of 2018 Slide 5 Sales growth driven by International Operations Sales as reported - first six months of 2018 Region Region Latin America Japan & Korea (10%) 19% Growth break down - first six months of 2018 Local currencies Growth Share of growth North America Operations 0% 1% 4% Region China 5% 2% 11% Region AAMEO 11% 1% Hereof USA 0% (6%) International Operations 8% 99% Region Europe 2% 8% 50% North America Operations (10%) Region AAMEO 15% 42% Region China 6% 16% Region Europe 1% 20% Region Japan & Korea (3%) (4%) Region Latin America 46% 37% Sales of DKK 54.3 billion (5%) Total sales 4% 100% AAMEO: Africa, Asia, Middle East & Oceania changing diabetes novo nordisk

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