SOURCE: Novo Nordisk A/S

December 15, 2008 08:28 ET

Novo Nordisk A/S - Transaction in Own Shares

BAGSVAERD, DENMARK--(Marketwire - December 15, 2008) - Novo Nordisk A/S - Share repurchase programme

On 15 August 2008 Novo Nordisk initiated its 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.

Under the programme Novo Nordisk will repurchase B shares for an amount of up to DKK 1.7 billion in the period from 15 August 2008 to 19 December 2008.

Since the announcement as of 8 December 2008, the following transactions have been made under the programme:

                  Number of    Average      Transaction
                   shares   purchase price  value, DKK
Accumulated, last
announcement      4,809,000                1,370,566,404
8 December 2008      80,000    302.8000       24,224,000
9 December 2008      90,000    302.2900       27,206,100
10 December 2008    155,000    292.1600       45,284,800
11 December 2008    170,000    283.8100       48,247,700
12 December 2008     95,000    279.6600       26,567,700
Accumulated under
the programme     5,399,000                1,542,096,704

Transactions related to Novo Nordisk's incentive programmes have resulted in a net sale by Novo Nordisk of 1,208,190 B-shares in the period from 8 December 2008 to 12 December 2008. 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 25,157,595 treasury shares, corresponding to 4.0% of the share capital. The total amount of shares in the company is 634,000,000 including treasury shares.

Novo Nordisk is a healthcare company and a world leader in diabetes care. In addition, Novo Nordisk has a leading position within areas such as haemostasis management, growth hormone therapy and hormone replacement therapy. Novo Nordisk manufactures and markets pharmaceutical products and services that make a significant difference to patients, the medical profession and society. With headquarters in Denmark, Novo Nordisk employs approximately 26,550 employees in 80 countries, and markets its products in 179 countries. Novo Nordisk's B shares are listed on the stock exchanges in Copenhagen and London. Its ADRs are listed on the New York Stock Exchange under the symbol 'NVO'. For more information, visit

Further information:

Media:                 Investors:

Elin K Hansen          Mads Veggerby Lausten
Tel: (+45) 4442 3450   Tel: (+45) 4443 7919

                       Hans Rommer
In North America:      Tel: (+45) 4442 4765
Sean Clements
Tel: (+1) 609 514 8316   Kasper Roseeuw Poulsen
                       Tel: (+45) 4442 4471

Company Announcement no 81 / 2008

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