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Investor Presentaiton

Investor Presentation First six months of 2018 Slide 6 Sales growth of 4% measured in local currencies mainly driven by Victoza®, OzempicⓇ and SaxendaⓇ Sales as reported - first six months of 2018 Other Growth disorders biopharmaceuticals (4%) (22%) % Haemophilia 6% (10%) 9% Obesity 3% 35% 81% Growth break down - first six months of 2018 Local currencies Long-acting insulin¹ Premix insulin² Fast-acting insulin³ Human insulin Total insulin Growth Share of growth (3%) (17%) 1% 3% 2% 9% 1% 4% 0% (1%) Diabetes care (5%) GLP-14 14% 77% Other diabetes care5 2% 2% Total diabetes care 4% 78% Obesity (SaxendaⓇ) 50% 29% Diabetes care and obesity total 5% 106% Haemophilia (2%) (6%) Growth disorders 5% 7% Other biopharmaceuticals? (18%) (7%) Biopharmaceuticals (1%) 4% (6%) 100% Sales of DKK 54.3 billion (5%) changing diabetes Total 1 Comprises Tresiba®, XultophyⓇ and LevemirⓇ: 2 Comprises RyzodegⓇ and NovoMix® 3 Comprises Fiasp® and NovoRapidⓇ; 4 Comprises VictozaⓇ and OzempicⓇ 5 Primarily NovoNorm® and needles; 6 Comprises NovoSeven®, NovoEight® NovoThirteenⓇ and Refixia®; 7 Primarily Vagifem® and Activelle®
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