Based on available sources of information about the company’s shareholders as of 31 December 2017, it is estimated that shares were geographically distributed as shown in the chart below. As of 31 December 2017, the free float of listed B shares was 88.8%, excluding the Novo Holdings A/S holding and Novo Nordisk’s holding of treasury shares which, as of 31 December 2017, was DKK 43,871,211 nominally.