Investor Presentaiton

Investor presentation First three months of 2017 Slide 114 Stable ownership structure secured through A and B-share structure Share structure Novo Nordisk Foundation Novo A/S 75.5% of votes 28.1% of capital A shares 537m shares Institutional and private investors 24.5% of votes 71.9% of capital B shares 1,963m shares Novo Nordisk A/S Note: Treasury shares are included in the capital but have no voting rights changing diabetes® • • The Novo Nordisk Foundation The Novo Nordisk Foundation is a self-governing institution that: • provides a stable basis for Novo Nordisk supports scientific, humanitarian and social purposes All strategic and operational matters are governed by the board and management of Novo Nordisk Overlapping board memberships ensure that the Novo Nordisk Foundation and Novo Nordisk share vision and strategy novo nordisk

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