Novo Nordisk : A/S – Share repurchase programme

Novo Nordisk A/S - Share repurchase programme

Bagsværd, Denmark, 20 January 2020 - On 5 November 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 5 November 2019, Novo Nordisk will repurchase B shares for an amount up to DKK 2.1 billion in the period from 6 November 2019 to 3 February 2020.

Since the announcement as of 13 January 2020, the following transactions have been made:

	Number of	Average	Transaction
	B shares	purchase price	value, DKK
Accumulated, last announcement	3,907,350		1,498,801,627
13 January 2020	90,000	397.20	35,747,794
14 January 2020	95,000	396.12	37,631,401
15 January 2020	90,000	409.06	36,815,156
16 January 2020	90,000	418.99	37,708,929
17 January 2020	95,000	414.80	39,405,934
Accumulated under the programme	4,367,350		1,686,110,841

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

With the transactions stated above, Novo Nordisk owns a total of 49,302,549 B shares of DKK 0.20, corresponding to 2.1% 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 A/S	Novo	Allé	Telephone:	Internet:
Investor Relations	2880	Bagsværd	[phone]	www.novonordisk.com
	Denmark		CVR no:
				24 25 67 90

Company announcement No 3 / 2020

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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 17 January 2020, Novo Nordisk has since 1 February 2019 repurchased a total of 42,191,273 B shares at an average share price of DKK 345.56 per B share equal to a transaction value of DKK 14,579,783,459.

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 42,200 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]
Mark Joseph Root	[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 3 / 2020