Based on available sources of information about the company’s shareholders as of 31 December 2018, it is estimated that shares were geographically distributed as shown in the chart below. As of 31 December 2018, the free float of listed B shares was 89.3%, excluding the Novo Holdings A/S holding and Novo Nordisk’s holding of treasury shares which, as of 31 December 2018, was DKK 41,109,130 nominally.