SOURCE: Novo Nordisk A/S

October 20, 2008 09:28 ET

Transaction in Own Shares

BAGSVAERD, DENMARK--(Marketwire - October 20, 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 13 October 2008, the following transactions have been made under the programme:

                     Number     Average     Transaction
                  of shares  purchase price  value, DKK
last announcement 2,273,500                 638,246,694
13 October 2008      50,000    267.8800      13,394,000
14 October 2008      65,000    279.4700      18,165,550
15 October 2008     100,000    274.9900      27,499,000
16 October 2008      50,000    262.6900      13,134,500
17 October 2008      50,000    275.3200      13,766,000
Accumulated under
the programme     2,588,500                 724,205,744

With the transactions stated above, Novo Nordisk owns a total of 23,801,460 treasury shares, corresponding to 3.8% 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 26,300 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:

Mette Kruse Danielsen  Mads Veggerby Lausten
Tel: (+45) 4442 3883   Tel: (+45) 4443 7919

                       Hans Rommer
                       Tel: (+45) 4442 4765

In North America:
Sean Clements
Tel: (+1) 609 514 8316

Company Announcement no 66 / 2008

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright © Hugin AS 2008. All rights reserved.

Contact Information