Novo Nordisk A/S : Share repurchase programme

company announcement

Novo Nordisk A/S - Share repurchase programme Bagsværd, Denmark, 29 October 2014 - On 7 August 2014, Novo Nordisk initiated a share repurchase programme in accordance with the provisions of the European Commission's regulation no 2273/2003 of 22 December 2003, also referred to as the Safe Harbour rules. This programme is part of the overall share repurchase programme of up to DKK 15.0 billion to be executed during a 12-month period beginning 30 January

2014.
Under the programme initiated 7 August 2014, Novo Nordisk will repurchase B shares for an amount up to DKK 3.5 billion in the period from 7 August 2014 to 28 October 2014. The programme is now concluded.
Since the announcement as of 20 October 2014, the following transactions have been made under the programme:

Number of B shares Average purchase price Transaction value, DKK Accumulated, last announcement 11,535,000 3,037,682,010

20 October 2014 250,000 259.91 64,978,250

21 October 2014 240,000 261.25 62,700,168

22 October 2014 240,000 265.87 63,808,704

23 October 2014 250,000 268.45 67,113,050

24 October 2014 265,000 267.78 70,962,548

27 October 2014 250,000 267.32 66,830,150

28 October 2014 256,000 256.96 65,781,837

Accumulated under the programme 13,286,000 3,499,856,716 Novo Nordisk A/S

Investor Relations

Novo Allé

2880 Bagsværd

Denmark

Telephone:

+45 4444 8888

Internet:

www.novonordisk.com

CVR no:

24 25 67 90

Company announcement No 65 / 2014

Page 2 of 2

With the transactions stated above, Novo Nordisk owns a total of 47,867,289 B shares of DKK 0.20, corresponding to 1.8% of the share capital, as treasury shares. The total amount of A and B shares in the company is 2,650,000,000 including treasury shares.
Novo Nordisk expects to repurchase B shares for an amount up to DKK 15.0 billion during a 12-month period beginning 30 January 2014. As of 28 October 2014, Novo Nordisk has repurchased a total of 45,023,995 B shares equal to a transaction value of DKK
11,204,375,216.

Novo Nordisk is a global healthcare company with more than 90 years of innovation and leadership in diabetes care. The company also has leading positions within haemophilia care, growth hormone therapy and hormone replacement therapy. Headquartered in Denmark, Novo Nordisk employs approximately

40,700 employees in 75 countries, and markets its products in more than 180 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.

Further information

Media:
Anne Margrethe Hauge	+45 4442 3450	amhg@novonordisk.com
Investors:
Kasper Roseeuw Poulsen	+45 3079 4303	krop@novonordisk.com
Jannick Lindegaard Denholt	+45 3079 8519	jlis@novonordisk.com
Daniel Bohsen	+45 3079 6376	dabo@novonordisk.com
Frank Daniel Mersebach (US)	+1 609 235 8567	fdni@novonordisk.com

Novo Nordisk A/S

Investor Relations

Novo Allé

2880 Bagsværd

Denmark

Telephone:

+45 4444 8888

Internet:

www.novonordisk.com

CVR no:

24 25 67 90

Company announcement No 65 / 2014