Investor Presentaiton

Investor presentation Full year 2018 Slide 116 Stable ownership structure - secured through A and B-share structure Share structure Novo Nordisk Foundation Novo Holdings A/S Institutional and private investors 76.3% of votes 28.1% of capital A shares 537m shares 23.7% of votes 71.9% of capital B shares 1,913m shares Novo Nordisk A/S Note: As of 5 Nov 2018. 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 and 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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