Investor Presentaiton

Investor Presentation First nine months of 2018 Slide 5 Sales growth driven by 8% growth in International Operations and 1% growth in North America Operations - Sales as reported – first nine months of 2018 Region Region Latin America Japan & Korea (7%) Region China 12% 4% 5% 5% 11% Region AAMEO 11% 2% Growth break down - Local currencies Growth first nine months of 2018 Share of growth North America Operations 1% 13% Hereof USA 1% 6% International Operations 8% 87% Region Europe 2% 11% 50% North America Operations (6%) Region AAMEO 14% 36% Region China 8% 17% Region Europe 2% 20% Region Japan & Korea (3%) (3%) Region Latin America 35% 26% Sales of DKK 82.1 billion (2%) Total sales 4% 100% AAMEO: Africa, Asia, Middle East & Oceania The sales split does not add up to 100% due to rounding changing diabetes® novo nordisk

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