Novo Nordisk : A/S – Share repurchase programme

Novo Nordisk A/S - Share repurchase programme

Bagsværd, Denmark, 2 September 2019 - On 9 August 2019, Novo Nordisk initiated a share repurchase programme in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour Rules"). This programme is part of the overall share repurchase programme of up to DKK 15 billion to be executed during a 12-month period beginning 1 February 2019.

Under the programme initiated 9 August 2019, Novo Nordisk will repurchase B shares for an amount up to DKK 2.6 billion in the period from 9 August 2019 to 30 October 2019.

Since the announcement as of 26 August 2019, the following transactions have been made:

	Number of	Average	Transaction
	B shares	purchase price	value, DKK
Accumulated, last announcement	1,439,000		495,674,057
26 August 2019	120,000	351.62	42,194,706
27 August 2019	120,000	352.45	42,293,435
28 August 2019	120,000	352.65	42,317,727
29 August 2019	125,000	355.53	44,440,899
30 August 2019	130,000	351.68	45,717,776
Accumulated under the programme	2,054,000		712,638,600

The details for each transaction made under the share repurchase programme are published on novonordisk.com.

Transactions related to Novo Nordisk's incentive programmes have resulted in a net transfer from Novo Nordisk of 150 B shares in the period from 26 August 2019 to 30

Novo Nordisk A/S	Novo	Allé	Telephone:	Internet:
Investor Relations	2880	Bagsværd	[phone]	www.novonordisk.com
	Denmark		CVR no:
				24 25 67 90

Company announcement No 51 / 2019

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August 2019. The shares in these transactions were not part of the Safe Harbour repurchase programme.

With the transactions stated above, Novo Nordisk owns a total of 32,614,044 B shares of DKK 0.20, corresponding to 1.4% of the share capital, as treasury shares. The total amount of A and B shares in the company is 2,400,000,000 including treasury shares.

Novo Nordisk expects to repurchase B shares for an amount up to DKK 15 billion during a 12-month period beginning 1 February 2019. As of 30 August 2019, Novo Nordisk has since 1 February 2019 repurchased a total of 25,455,012 B shares at an average share price of DKK 327.94 per B share equal to a transaction value of DKK 8,347,592,054.

Novo Nordisk is a global healthcare company with more than 95 years of innovation and leadership in diabetes care. This heritage has given us experience and capabilities that also enable us to help people defeat obesity, haemophilia, growth disorders and other serious chronic diseases. Headquartered in Denmark, Novo Nordisk employs approximately 41,600 people in 80 countries and markets its products in more than 170 countries. Novo Nordisk's B shares are listed on Nasdaq Copenhagen (Novo-B). Its ADRs are listed on the New York Stock Exchange (NVO). For more information, visit novonordisk.com, Facebook, Twitter, LinkedIn, YouTube.

Further information
Media:
Anne Margrethe Hauge	[phone]	[e-mail]
Ken Inchausti (US)	[phone]	[e-mail]
Investors:
Peter Hugreffe Ankersen	[phone]	[e-mail]
Valdemar Borum Svarrer	[phone]	[e-mail]
Ann Søndermølle Rendbæk	[phone]	[e-mail]
Kristoffer Due Berg (US)	[phone]	[e-mail]

Novo Nordisk A/S	Novo	Allé	Telephone:	Internet:
Investor Relations	2880	Bagsværd	[phone]	www.novonordisk.com
	Denmark		CVR no:
				24 25 67 90

Company announcement No 51 / 2019