Investor Presentaiton

Investor presentation First three months of 2017 Strong GLP-1 volume growth across the regions with a steep uptake for Region Latin America Regional GLP-1 volume growth North America Region Europe Region AAMEO Region J&K Regional GLP-1 volume market split North America Region Europe Region J&K 70% 60% 50% 40% 30% 20% 10% 0% Region China Region LATAM World - Region China 100% 80% 60% 40% 20% 0% Feb 2017 Feb 2014 Feb 2014 J&K: Japan & Korea; AAMEO: Africa, Asia, the Middle East and Oceania; LATAM: Latin America Note: Data is sensitive to changes in IMS data collection and reporting methodology Source: IMS Monthly MAT February, 2017 volume figures changing diabetes® Slide 55 Region AAMEO Region LATAM 3% 1% 4% 6% 39% J&K: Japan & Korea; AAMEO: Africa, Asia, the Middle East and Oceania; LATAM: Latin America Note: Data is sensitive to changes in IMS data collection and reporting methodology Source: IMS Monthly MAT February, 2017 volume figures 47% Feb 2017 novo nordisk

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