<SEC-DOCUMENT>0001370368-16-000150.txt : 20161025
<SEC-HEADER>0001370368-16-000150.hdr.sgml : 20161025
<ACCEPTANCE-DATETIME>20161025075016
ACCESSION NUMBER:		0001370368-16-000150
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160930
FILED AS OF DATE:		20161025
DATE AS OF CHANGE:		20161025

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NOVARTIS AG
		CENTRAL INDEX KEY:			0001114448
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15024
		FILM NUMBER:		161949287

	BUSINESS ADDRESS:	
		STREET 1:		LICHTSTRASSE 35
		CITY:			BASEL
		STATE:			V8
		ZIP:			CH 4056
		BUSINESS PHONE:		01141613241111

	MAIL ADDRESS:	
		STREET 1:		LICHTSTRASSE 35
		CITY:			BASEL
		STATE:			V8
		ZIP:			CH 4056
</SEC-HEADER>
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>a161025-6k.htm
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Washington, D.C. 20549</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">FORM 6-K</font></div>

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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">REPORT OF FOREIGN PRIVATE ISSUER</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">PURSUANT TO RULE 13a-16 or 15d-16 OF</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">THE SECURITIES EXCHANGE ACT OF 1934</font></div>

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    Report on Form 6-K dated
    October 25, 2016</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">Novartis AG</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal">(Name of Registrant)</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Lichtstrasse 35</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4056 Basel</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Switzerland</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Form 20-F: <font style="DISPLAY: inline; FONT-FAMILY: wingdings">x</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Form 40-F: <font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Yes: <font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Yes: <font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">No</font>: <font style="DISPLAY: inline; FONT-FAMILY: wingdings; FONT-WEIGHT: bold">x</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Yes: <font style="DISPLAY: inline; FONT-FAMILY: wingdings">o</font></font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">No</font>: <font style="DISPLAY: inline; FONT-FAMILY: wingdings; FONT-WEIGHT: bold">x</font></font></div>
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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">Exhibits:</font>
<br />
<br />
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  <a href="a161025-99_1.htm" title="99.1 Financial Report Q3 2016">99.1 Financial Report Q3 2016</a>

<br />

 <a href="a161025-99_2.htm" title="99.2 Interim Financial Report">99.2 Interim Financial Report</a>

</font>
</div>
<br />


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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Novartis AG</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date:
October 25, 2016</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By:</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">/s/ PAUL PENEPENT</font></div>
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<td colspan="2" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<td valign="top" width="47%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Name:</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Paul Penepent</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Title:</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Head Group Financial Reporting and Accounting</font></div>
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<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a161025-99_1.htm
<DESCRIPTION>99.1 FINANCIAL REPORT Q3 2016
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; BACKGROUND-COLOR: #999999">FINANCIAL RESULTS&#160;&#160; &#8226;&#160;&#160; R&#201;SULTATS FINANCIERS&#160;&#160; &#8226;&#160;&#160; FINANZERGEBNISSE</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 6pt">Novartis delivered solid third quarter with Growth Products<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> offsetting <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec</font> patent expiration; several positive readouts for potential blockbusters</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">Q3 net sales (-1% cc<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup> and USD) broadly in line with prior year due to strong performance of Growth Products</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gilenya </font>(USD 790 million, +15% cc) continued double-digit growth</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Oncology growth drivers including<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Tafinlar + Mekinist </font>(USD 172 million, +29% cc), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Promacta/Revolade</font> (USD 168 million, +44% cc) and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jakavi</font> (USD 149 million, +47% cc)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Sandoz Biopharmaceuticals<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> (USD 262 million, +41% cc) delivered strong growth</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">Q3 core<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup> operating income down 3% (cc and USD), reflecting generic erosion and growth investments, partially offset by productivity initiatives</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Core M&amp;S up 0.8 percentage points (cc) to 24.3% of sales, supporting new launches and Alcon</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Core operating income margin declined 0.6 percentage points (cc)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Free cash flow<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup> was USD 2.6 billion (-7% USD) in Q3; USD 6.5 billion (+3% USD) in 9M</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">Q3 net income up 7% (cc and USD) from higher operating income and income from associated companies</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">Strong pipeline progress with key data readouts, filings and regulatory decisions in Q3</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">LEE011 plus letrozole demonstrated superior PFS as first-line treatment of HR+/HER2- advanced breast cancer vs. letrozole alone; granted FDA Breakthrough Therapy designation</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">BAF312 in SPMS<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup> met primary endpoint, significantly reducing risk of disability progression</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">AMG 334 met primary endpoint in first Phase III episodic migraine study</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Sandoz biosimilar etanercept, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Erelzi</font>, received FDA approval</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">Continuing to invest in Alcon growth plan</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Contact lenses delivered another quarter of growth; <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font> Multifocal launches in US and EU expected to continue growth trajectory</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Innovation continued to accelerate in Surgical with FDA approvals for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">CyPass</font>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">UltraSert</font> Toric IOL</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">2016 Outlook confirmed</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Net sales expected to be broadly in line with prior year (cc)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 2pt">Core operating income expected to be broadly in line or decline low single digit (cc)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Key figures<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup></div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="30">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">Continuing operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">4</sup></div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">12 126</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">12 265</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">36 196</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">36 894</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 269</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 234</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 813</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">7 300</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 945</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 812</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">5 762</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">5 974</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">EPS (USD)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0.81</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0.75</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2.42</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2.48</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Free cash flow</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 591</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 788</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 479</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">6 317</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Core</u></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3 381</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3 489</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9 974</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">10 733</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 938</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3 061</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8 656</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9 334</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">EPS (USD)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1.23</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1.27</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3.63</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3.87</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-6</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1 </sup>Growth Products are defined on page 2. Biopharmaceuticals are defined on page 3.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2 </sup>Constant currencies (cc), core results and free cash flow are non-IFRS measures. An explanation of non-IFRS measures can be found on page 46 of the Condensed Interim Financial Report. Unless otherwise noted, all growth rates in this Release refer to same period in prior year.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3 </sup>SPMS = secondary progressive multiple sclerosis.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">4 </sup>Refers to continuing operations, defined on page 38 of the Condensed Interim Financial Report.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">1</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Basel, October 25, 2016 &#8212;</font> Commenting on the results, Joseph Jimenez, CEO of Novartis, said:</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#8220;Novartis delivered a solid Q3 despite the </font>Gleevec<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> generic impact in the US, due to the strong performance of our Growth Products. We continued to drive innovation, with positive pipeline readouts for LEE011 in advanced breast cancer, BAF312 in SPMS and AMG 334 in episodic migraine. We are continuing to invest for the future, as we manage the </font>Gleevec<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> loss of exclusivity in 2016 and 2017.&#8221;</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>GROUP REVIEW</u></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis laid out five priorities for 2016: deliver strong financial results; strengthen innovation; improve Alcon performance; capture cross-divisional synergies; and build a higher-performing organization. We made progress in each of these areas in the third quarter.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff"><u>Financial results</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">On January 27, 2016, Novartis announced plans to further focus its divisions, integrating businesses that share therapeutic areas to better leverage our development and marketing capabilities. These plans included a new divisional structure. In compliance with International Financial Reporting Standards (IFRS), Novartis updated its segment financials to reflect the new structure, both for the current and prior year, to aid comparability of year-on-year results. As a result, all comparisons of divisional results from 2016 to 2015 reflect the new structure.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In addition, as a result of the portfolio transformation transactions completed in 2015, Novartis reported the Group&#8217;s financial results in 2015 as &#8220;continuing operations&#8221; and &#8220;discontinued operations.&#8221; All comparisons from 2016 to 2015 are versus continuing operations, unless otherwise noted. See page 38 of the Condensed Interim Financial Report for a full explanation.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Third quarter</u></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Continuing operations</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net sales were USD 12.1 billion (-1%, -1% cc) in the third quarter, as volume growth of 5 percentage points was more than offset by the negative impact of generic competition (-4 percentage points) and pricing (-2 percentage points). Growth Products<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> contributed USD 4.3 billion or 36% of net sales, up 20% (USD) over the prior-year quarter.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 2.3 billion (+2%, +1% cc). Core adjustments amounted to USD 1.1 billion (2015: USD 1.3 billion), broadly in line with the prior-year quarter.</div>

<div><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core operating income was USD 3.4 billion (-3%, -3% cc). Core operating income margin in constant currencies decreased 0.6 percentage points, mainly due to investments behind new launches and the Alcon growth plan, partially offset by productivity improvements. Currency had a positive impact of 0.1 percentage points, resulting in a net decrease of 0.5 percentage points in US dollar terms to 27.9% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net income was USD 1.9 billion (+7%, +7% cc), up more than operating income mainly due to higher income from associated companies.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">EPS was USD 0.81 (+8%, +8% cc), up more than net income due to a reduction in the number of shares outstanding.</div>

<div style="TEXT-ALIGN: justify"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core net income was USD 2.9 billion (-4%, -4% cc), broadly in line with core operating income.</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core EPS was USD 1.23 (-3%, -3% cc), down less than core net income due to a reduction in the number of shares outstanding.</div>

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<div style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> "Growth Products" are an indicator of the rejuvenation of the portfolio, and comprise products launched in a key market (EU, US, Japan) in 2011 or later, or products with exclusivity in key markets until at least 2020 (except Sandoz, which includes only products launched in the last 24 months). They include the acquisition effect of the GSK oncology assets.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">2</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Free cash flow was USD 2.6 billion (-7% USD), a decrease of USD 0.2 billion compared to the prior-year quarter. The decrease was driven by higher net investments in intangible assets, mainly due to the ofatumumab milestone payment, which more than offset an increase in cash flows from operating activities.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Innovative Medicines</font> (formerly named the Pharmaceuticals Division) net sales were USD 8.2 billion (-1%, -1% cc) in the third quarter. Volume contributed 5 percentage points to sales growth. Generic competition had a negative impact of 5 percentage points and pricing had a negative impact of 1 percentage point, both largely due to <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> genericization in the US. Growth Products grew 21% (cc) to USD 3.8 billion, or 46% of division net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 2.0 billion (+8%, +9% cc). Core operating income was USD 2.7 billion (-2%, -1% cc). Core operating income margin in constant currencies was flat; currency had a negative impact of 0.3 percentage points, resulting in a net decrease of 0.3 percentage points to 32.7% of net sales.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Sandoz</font> net sales were USD 2.5 billion (-1%, -1% cc) in the third quarter, as volume growth of 5&#160;percentage points was offset by 6 percentage points of price erosion. Performance was impacted by significantly lower launch activity in the US compared to a strong prior-year quarter. Global sales of Biopharmaceuticals<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> grew 41% (cc) to USD 262 million. Anti-Infectives franchise sales (partner label and finished dosage form sales) were USD 339 million (-2% cc), reflecting discontinuation of low-margin products.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 354 million (-9%, -9% cc). Core operating income was USD 530 million (0%, +1% cc). Core operating income margin in constant currencies increased by 0.2 percentage points; currency had a positive impact of 0.1 percentage points, resulting in a net increase to 21.1% of net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Alcon</font> net sales were USD 1.4 billion (-2%, -3% cc) in the third quarter. Surgical sales (-4% cc) were down, impacted by lower IOL sales, mainly due to competitive pressures, and a continued decline in cataract equipment, primarily <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">LenSx</font>, which has reached high penetration in its market segment. The strong installed cataract equipment base continued to generate good growth of consumables (+4% cc)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">.</font> Vision Care sales (0% cc) were flat, as contact lenses delivered another quarter of growth, benefitting from the continued strong performance of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font>, offsetting a slight decline in contact lens care. Launches of<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Dailies Total1 </font>Multifocal in the US and EU are expected to continue the growth trajectory in contact lenses.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating loss was USD 50 million, compared to an income of USD 57 million in the prior-year quarter. Core operating income was USD 206 million (-32%, -35% cc), primarily impacted by declining sales and increased investments in M&amp;S behind the growth plan. Core operating income margin in constant currencies decreased by 6.8 percentage points; currency had a positive impact of 0.5 percentage points,&#160;resulting in a net decrease of 6.3 percentage points to 14.3% of net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Total Group</div>

<div><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">For the total Group, net income amounted to USD 1.9 billion, broadly in line with the prior-year quarter, and basic earnings per share was USD 0.81.</div>

<div><br>
</div>

<div style="BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Total Group free cash flow amounted to USD 2.6 billion, compared to USD 2.8 billion in the prior-year quarter.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Nine months</u></div>
</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Continuing operations</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net sales were USD 36.2 billion (-2%, 0% cc) in the first nine months. Growth Products contributed USD 12.5 billion or 35% of net sales, up 21% (USD) over the prior-year period.</div>

<div><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 6.8 billion (-7%, -3% cc). Core adjustments amounted to USD 3.2 billion (2015: USD 3.4 billion), broadly in line with the prior-year period.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> Biopharmaceuticals include biosimilars, biopharmaceutical contract manufacturing and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Glatopa</font>.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">3</div>

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<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core operating income was USD 10.0 billion (-7%, -4% cc). Core operating income margin in constant currencies decreased 1.2 percentage points, mainly due to the loss of exclusivity on <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec</font>, investments behind new launches and the Alcon growth plan. Currency had a negative impact of 0.3 percentage points, resulting in a net decrease of 1.5 percentage points to 27.6% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net income was USD 5.8 billion (-4%, +1% cc), with the increase relative to the operating income decline due to higher income from associated companies.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">EPS was USD 2.42 (-2%, +2% cc), up more than net income due to a reduction in the number of shares outstanding.</div>

<div><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core net income was USD 8.7 billion (-7%, -4% cc), in line with core operating income.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core EPS was USD 3.63 (-6%, -3% cc), down less than core net income due to a reduction in the number of shares outstanding.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Free cash flow was USD 6.5 billion (+3% USD), an increase of USD 0.2 billion compared to the prior-year period. The increase was driven by lower net investments in property, plant, equipment and intangible assets, partially offset by lower cash flows from operating activities.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Innovative Medicines</font> net sales were USD 24.3 billion (-2%, 0% cc) in the first nine months, as volume growth (+6 percentage points) was fully offset by the impact of generic competition (-6 percentage points). Pricing impact was negligible.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 6.1 billion (-4%, 0% cc). Core operating income was USD 7.9 billion (-6%, -2% cc). Core operating income margin in constant currencies decreased by 0.7 percentage points, mainly due to launch investments for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font>, partially offset by productivity improvements; currency had a negative impact of 0.6 percentage points, resulting in a net decrease of 1.3 percentage points to 32.7% of net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Sandoz</font> net sales were USD 7.5 billion (0%, +2% cc) in the first nine months, as volume growth of 8 percentage points more than offset 6 percentage points of price erosion. Global sales of Biopharmaceuticals grew 32% (cc) to USD 724 million, benefitting from the performance of prior-year launches in the US (<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Glatopa</font> in June 2015 and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zarxio </font>in September 2015). Anti-Infectives franchise sales were USD 1.0 billion (-2% cc), reflecting discontinued low-margin products and the weak flu season in the first quarter.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 1.1 billion (+7%, +12% cc). Core operating income was USD 1.5 billion (0%, +4% cc). Core operating income margin in constant currencies increased by 0.3 percentage points; currency had a negative impact of 0.3 percentage points, resulting in flat 20.6% of net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Alcon</font> net sales were USD 4.4 billion (-4%, -2% cc) in the first nine months. Surgical sales (-3% cc) reflected weaker performance of IOLs, mainly due to competitive pressures, and the slowdown of equipment sales, primarily <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">LenSx</font> in Cataract and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Wavelight</font> in Refractive, partially offset by continued solid growth of cataract consumables (+4% cc). Vision Care sales (-1% cc) were impacted by competitive pressures in the US, partially offset by continued strong global growth of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font>.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating loss was USD 12 million, compared to an income of USD 252 million in the prior-year period. Core operating income was USD 687 million (-29%, -25% cc), primarily impacted by increased investments in M&amp;S and R&amp;D behind the growth plan and the impact of the decline in sales. Core operating income margin in constant currencies decreased by 5.1 percentage points; currency had a negative impact of 0.6 percentage points,&#160;resulting in a net decrease of 5.7 percentage points to 15.7% of net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Total Group</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">For the total Group, net income amounted to USD 5.8 billion compared to USD 16.7 billion in the prior-year period, and basic earnings per share decreased to USD 2.42 from USD 6.94. The prior-year period benefitted from the net income from discontinued operations, which included USD 12.8 billion of exceptional pre-tax divestment gains from the portfolio transformation transactions and USD 0.5 billion of additional pre-tax transaction related expenses.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Total Group free cash flow amounted to USD 6.5 billion, compared to USD 6.0 billion in the first nine months of 2015.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Key growth drivers</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Underpinning our financial results in the third quarter is a continued focus on key growth drivers, including<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Gilenya</font>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tasigna</font>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx, Tafinlar + Mekinist, Jakavi</font>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Promacta/Revolade</font> and<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Entresto</font>, as well as Biopharmaceuticals and Emerging Growth Markets.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Growth Products, an indicator of the ongoing rejuvenation of our portfolio, contributed 36% of Group net sales in the third quarter, and were up 20% (USD). In Innovative Medicines, Growth Products contributed 46% of division net sales in the quarter, and sales for these products were up 21% (cc).</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gilenya</font> (USD 790 million, +15% cc), a once-daily oral medicine for relapsing forms of multiple sclerosis, continued to grow double-digit, mainly due to volume growth.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tasigna</font> (USD 441 million, +8% cc) showed solid growth in the quarter, despite the entry of multiple generic versions of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec</font> in the US.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> (USD 301 million) continued its strong launch trajectory in the third quarter. Across its three approved indications, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> has been used to treat more than 50,000 patients in a post-marketing setting to date.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar + Mekinist</font> (USD 172 million, +29% cc) continued to show strong growth, particularly in Europe, as the first approved combination therapy for patients with BRAF V600 mutation-positive unresectable or metastatic melanoma.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Promacta/Revolade</font> (USD 168 million, +44% cc) grew at a strong double-digit rate, driven by continued worldwide uptake as well as growth of the thrombopoietin class for chronic immune (idiopathic) thrombocytopenic purpura.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jakavi</font> (USD 149 million, +47% cc) growth was driven by patient gains in the myelofibrosis indication globally and the launch of the polycythemia vera indication in key markets.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto</font> (USD 53 million) continued to grow steadily with approvals in 64 countries to date and continued progress with reimbursement around the world. In the US, expansion of the primary care field force is underway, and in Europe, uptake continues to be faster. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto</font> sales are expected to be approximately USD 0.2 billion for full year 2016.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Sandoz Biopharmaceuticals (USD 262 million, +41% cc), including <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Glatopa</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zarxio</font>, delivered strong growth.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Emerging Growth Markets</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net sales in Emerging Growth Markets &#8211; which comprise all markets except the US, Canada, Western Europe, Japan, Australia and New Zealand &#8211; grew 6% (cc) in the third quarter, led by China (+6% cc), Russia (+9% cc) and India (+10% cc).</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Strengthen innovation</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The third quarter saw pipeline progress with positive regulatory decisions and significant clinical trial data released. Key developments are included below.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>New approvals and regulatory opinions</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The FDA granted three simultaneous approvals for the expanded use of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Ilaris</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-STYLE: italic">&#160;</sup>(canakinumab) to treat three rare and distinct types of Periodic Fever Syndromes.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In October, the CHMP recommended approval for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> (ranibizumab) to treat patients with visual impairment due to choroidal neovascularization (CNV) associated with causes other than neovascular age-related macular degeneration or myopic CNV.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The FDA approved Sandoz biosimilar etanercept, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Erelzi</font> (etanercept-szzs), for all indications included in the reference product label.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Alcon achieved FDA approval for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">CyPass </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Micro-Stent</font>, a minimally invasive surgical device to treat mild to moderate glaucoma in cataract patients.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The FDA granted Breakthrough Therapy designation to <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">LEE011</font> (ribociclib) in combination with letrozole as first-line treatment for women with postmenopausal HR+/HER2- advanced or metastatic breast cancer, based on positive results of the Phase III MONALEESA-2 trial.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Tafinlar</font> + <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Mekinist</font> (dabrafenib + trametinib) combination therapy was filed with the EMA and Swissmedic for the treatment of patients with BRAF V600E mutation-positive non-small cell lung cancer (NSCLC). The combination has also been submitted to the FDA for the same indication.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">PKC412</font> (midostaurin) was filed with the EMA and Swissmedic for the treatment of newly diagnosed FLT3 mutation-positive acute myeloid leukemia and advanced systemic mastocytosis. A rolling submission in the US is ongoing.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Results from important clinical trials and other highlights</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Results from the pivotal Phase III MONALEESA-2 study showed <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">LEE011</font> plus letrozole significantly extended progression-free survival (PFS) compared to a standard of care, letrozole, as a first-line treatment in post-menopausal women with HR+/HER2- advanced breast cancer. LEE011 plus letrozole reduced the risk of disease progression or death by 44% over letrozole alone, significantly extending PFS across all patient subgroups.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Phase III EXPAND study of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">BAF312</font> (siponimod) in SPMS met its primary endpoint and reduced the risk of three-month confirmed disability progression by 21% and six-month confirmed disability progression by 26% compared with placebo. A consistent reduction in the risk of confirmed disability progression was seen across subgroups, including patients without relapses.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Phase III ARISE study of the fully human monoclonal antibody <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">AMG 334</font> (erenumab) in episodic migraine prevention met its primary endpoint of a statistically significant reduction in the number of monthly migraine days versus placebo. AMG 334 is being co-developed by Novartis and Amgen. Novartis has commercial rights to AMG 334 outside of the US, Canada and Japan.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Follow-up data from the Phase III SCULPTURE study showed that <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Cosentyx</font> (secukinumab) delivers high and long-lasting skin clearance in patients with moderate-to-severe plaque psoriasis out to four years of treatment.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Journal of the American Academy of Dermatology published results from the head-to-head CLEAR study demonstrating that <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Cosentyx</font> is superior to Stelara<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> (ustekinumab) in delivering long-lasting clear or almost clear skin over one year of treatment in adults with moderate-to-severe psoriasis.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Post-hoc analyses of data from the PARADIGM-HF study showed that among patients who had been hospitalized for HF, those on <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Entresto</font> (sacubitril/valsartan) reported higher relative health-related quality of life scores compared to those taking ACE inhibitor enalapril.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Follow-up data from a Phase III study of the combination of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Tafinlar +</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Mekinist</font> in patients with BRAF V600E/K mutation-positive advanced melanoma demonstrated an overall survival benefit at three years.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Phase III ASCEND-4 study of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Zykadia</font> (ceritinib) in previously untreated adult patients with ALK+ NSCLC met its primary endpoint, demonstrating clinically significant improvement in progression free survival (PFS) compared to standard chemotherapy, including maintenance.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The results of a Phase II trial of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">QAW039</font> (fevipiprant), published in Lancet Respiratory Medicine, showed fevipiprant significantly decreases sputum eosinophils compared to placebo in patients with severe asthma.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Additional analyses of the FLAME trial data showed that, relative to Seretide<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Ultibro</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Breezhaler</font> (indacaterol/glycopyrronium) reduced the rate of all COPD exacerbations across different patient sub-groups, lowered patients' need for rescue medication, and demonstrated an improved benefit-risk profile with less evidence of systemic effects.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Top-line results for confirmatory Phase III study for Sandoz <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">biosimilar infliximab</font> demonstrated equivalent efficacy to reference product Remicade<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup>, as measured by the American College of Rheumatology 20 (ACR20) response at Week 14. Sandoz acquired EEA-wide rights from Pfizer in Q1 2016.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Improve Alcon performance</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Alcon increased investments in the third quarter to accelerate innovation and sales, strengthen customer relationships and improve basic operations.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The division made significant progress in innovation, with FDA approvals for the <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">CyPass</font> Micro-Stent and <font style="FONT-STYLE: italic">UltraSert</font> Toric IOL, the launch of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">NGENUITY</font> 3D visualization system for vitreoretinal surgery, and US and EU launches of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1 </font>Multifocal contact lenses.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In Vision Care, Alcon continued to invest in DTC behind key brands. Contact lenses delivered another quarter of growth, benefitting from the continued strong performance of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font>.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In Surgical, Alcon continued to invest behind the new IOL launches in Europe (<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">UltraSert</font> pre-loaded and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">PanOptix</font> trifocal), while the strong installed cataract equipment base continued to generate good growth in cataract consumables.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The division also continued to strengthen its foundation to better serve customers by expanding its field service organization, improving its supply chain, and investing in new commercial capabilities and systems.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Capture cross-divisional synergies</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">We continued to advance our productivity programs in the third quarter, helping to support margins for the Group.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis Business Services (NBS) continued to execute on its priorities of driving efficiency, standardization and simplification across the Group. NBS cost under management remained stable versus prior year, as it continued the selective offshoring of services to five Global Service Centers. NBS is also driving efficiencies through the consolidation of IT suppliers and contracts, in addition to consolidating facilities services from more than 100 to 3 suppliers globally.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In Procurement, we generated approximately USD 0.5 billion in savings by leveraging our scale.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In the centralized Technical Operations organization, which has been operational since July 1, transformation planning is progressing for each manufacturing technology platform. Organizing by technology platform is expected to enhance our ability to optimize capacity planning and lower costs through simplification, standardization and external spend optimization across the network. Technical Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> represents approximately 28,000 employees and 67 manufacturing sites.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Global Drug Development (GDD) organization, which has been operational since July 1, completed a review of our entire portfolio of medicines, which has enabled allocation of drug development resources based on the promise of each asset for the entire Novartis Group versus a single business unit. Additionally, GDD has completed the integration of the vast majority of its global functions, which is expected to help strengthen capabilities, enable more efficient utilization of functional resources and optimize external spend. The organization is on track to complete integration of the remaining global functions by the end of 2016. GDD represents approximately 10,000 employees worldwide.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In total, our productivity initiatives generated gross savings of approximately USD 0.6 billion in the third quarter.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Build a higher-performing organization</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis continues to proactively drive compliance, reliable product quality and sustainable efficiency as part of the quality strategy. A total of 127 global health authority inspections were completed in the first nine months (53 in Q3), 17 of which were conducted by the FDA (4 in Q3). All but three were deemed good or acceptable. The three not deemed good or acceptable were as follows: The inspection of the UK country organization by the UK Medicines &amp; Healthcare Products Regulatory Agency (MHRA), reported in the first quarter of 2016, resulted in an unsatisfactory outcome as a result of issues relating to the accessibility of clinical trial data, which is being addressed through an existing project. A Sandoz site in Warsaw (Poland) was not immediately granted a GMP certificate by the Russian Health Authorities due to a registration discrepancy for one product, which is currently being addressed. Resubmission is in progress, and a GMP certificate is expected in due course. The outcome of an EMA inspection of a Sandoz site in Holzkirchen (Germany) is pending.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Capital structure and net debt</u></div>

<div><br>
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<div style="FONT-FAMILY: 'Times New Roman'">Retaining a good balance between investment in the business, a strong capital structure and attractive shareholder returns will remain a priority. Our target credit rating is double-A.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">During the first nine months of 2016, 12.8 million treasury shares were delivered as a result of options exercised and share deliveries related to equity-based participation plans of associates. To partially offset the dilutive impact of such transactions, 11.2 million Novartis shares were repurchased on the SIX Swiss Exchange second trading line and from employees. Novartis aims to further offset the dilutive impact from equity-based participation plans of associates that occurred in the first nine months over the remainder of the year through additional share repurchases.</div>

<div style="TEXT-ALIGN: justify"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Also, during the third quarter of 2016, Novartis issued two euro denominated bonds for a total amount of USD 2.0 billion. A euro denominated bond issued in 2009 for a total amount of USD 1.7 billion was repaid in the second quarter at maturity.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">As of September 30, 2016, net debt increased by USD 2.3 billion to USD 18.8 billion, compared to USD 16.5 billion at December 31, 2015. The net debt increase was mainly driven by the USD 6.5 billion annual dividend payment, acquisition and divestment related payments and share repurchases, partly offset by USD 6.5 billion free cash flow generation in the first nine months of 2016.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">The long-term credit rating for the company continues to be double-A (Moody&#8217;s Aa3; Standard &amp; Poor&#8217;s AA-; Fitch AA).</div>

<br>
<br>
<hr style="BORDER-TOP: 0px; HEIGHT: 1px; BORDER-RIGHT: 0px; WIDTH: 2in; BORDER-BOTTOM: 0px; COLOR: #000000; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: 0px; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="left" noshade="noshade">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> Excluding Alcon, which has additional sites (16) and employees (13,000)</div>
</div>

<div>&#160;</div>

<div>
<div>
<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">8</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
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</div>
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<div>&#160;</div>

<div>
<div style="BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>2016 Outlook</u></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Barring unforeseen events</div>
</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Group net sales are expected to be broadly in line with the prior year (cc), with Growth Products offsetting the impact of generic competition.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core operating income is expected to be broadly in line with the prior year, or decline low-single digit (cc).</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">These comparisons are versus 2015 continuing operations.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">If early October exchange rates prevail for the remainder of 2016, the currency impact for the year would be negative 1 percentage point on sales and negative 3 percentage points on core operating income.</div>
</div>

<div>&#160;</div>

<div>
<div>
<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">9</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
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</div>
</div>
</div>

<div>&#160;</div>

<div>
<table id="z6789c9708ba64b6e8f757a44b5705d1d" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-SIZE: 10pt; WIDTH: 100%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Summary Financial Performance</u></div>
</td>
</tr>
</table>

<div>&#160;</div>

<table id="z0e40864a50a84d1497280bb4b742ac1b" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Continuing operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup></div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 17px">
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 14px">
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">12 126</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">12 265</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">36 196</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">36 894</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 269</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 234</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 813</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7 300</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 9pt">As a % of sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">18.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">18.2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">18.8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">19.8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3 381</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3 489</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9 974</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">10 733</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 9pt">As a % of sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">27.9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">28.4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">27.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">29.1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 945</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 812</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">5 762</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">5 974</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">EPS (USD)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0.81</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0.75</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2.42</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2.48</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 14px">
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Free cash flow</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 591</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 788</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 479</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 317</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
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<div>&#160;</div>

<table id="z30cc76d85f074a1ca63bf1eef1a92d5b" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 13px">
<td style="VERTICAL-ALIGN: bottom" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Innovative Medicines</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup>&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup>&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 18px">
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8 173</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8 254</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">24 289</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">24 847</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 020</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 872</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 066</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 316</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 9pt">As a % of sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">24.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">22.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">25.0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">25.4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 676</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 724</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7 947</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8 451</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 9pt">As a % of sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">32.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">33.0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">32.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">34.0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div>&#160;</div>

<table id="ze2f8a266365444caaf4b8bd309819351" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Sandoz</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup>&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup>&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 517</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 542</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7 539</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7 516</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">354</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">388</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 080</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 009</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">12</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 9pt">As a % of sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">14.1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">15.3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">14.3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">13.4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">530</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">528</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 550</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 548</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 9pt">As a % of sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">21.1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">20.8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">20.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">20.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div>&#160;</div>

<table id="zc66e7970fe1e4c02adf2f353f915d00b" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Alcon</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup>&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup>&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 436</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 469</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4 368</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4 531</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating loss/income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-50</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">57</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-12</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">252</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 9pt">As a % of sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3.5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3.9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-0.3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">5.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">206</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">302</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-32</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-35</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">687</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">971</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-29</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-25</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 9pt">As a % of sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">14.3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">20.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">15.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">21.4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div>&#160;</div>

<table id="zde5d9e12c23d4efdba4cd05aedab4477" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Corporate</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating loss</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-55</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-83</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">34</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-321</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-277</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-16</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-34</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core operating loss</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-31</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-65</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">52</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">26</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-210</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-237</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div>&#160;</div>

<div>
<table id="ze9fcf9eba89a424487a82b37916e2873" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Discontinued operations</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">14</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">601</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating loss/income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">45</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">12 571</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 9pt">As a % of sales</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core operating loss</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">- 49</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">- 223</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; TEXT-INDENT: 9pt">As a % of sales</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div>&#160;</div>

<table id="z7c6fc5e0d8dc481993c3a2adafef7566" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total Group<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup></div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 945</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 895</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">5 762</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">16 738</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-66</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-64</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">EPS (USD)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0.81</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0.79</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2.42</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6.94</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-65</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-64</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Free cash flow</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 591</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 788</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 479</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 027</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">nm= not meaningful</div>
</div>

<div>&#160;</div>

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<hr style="BORDER-TOP: 0px; HEIGHT: 1px; BORDER-RIGHT: 0px; WIDTH: 2in; BORDER-BOTTOM: 0px; COLOR: #000000; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: 0px; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="left" noshade="noshade">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> Continuing operations include the businesses of Innovative Medicines (formerly named the Pharmaceuticals Division), Alcon, Sandoz and Corporate activities, and starting on March 2, 2015, the results from the new oncology assets acquired from GSK and the 36.5% interest in the GSK Consumer Healthcare Holdings Ltd. (the latter reported as part of income from associated companies). See page 38 of the Condensed Interim Financial Report for full explanation.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup> In compliance with IFRS, Novartis updated its segment financials to reflect the new divisional structure announced on January 27, 2016, to aid comparability of year-on-year results.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup> Total Group net income and EPS include in the prior year the impact of the exceptional divestment gains and the operating results of the discontinued operations. Total Group free cash flow comprises the free cash flow from continuing operations and discontinued operations.</div>
</div>

<div>&#160;</div>

<div>
<div>
<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">10</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>
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<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>
</div>

<div>&#160;</div>

<div style="FONT-FAMILY: 'Times New Roman'">A condensed interim financial report with the information listed in the index below can be found on our website at <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">http://hugin.info/134323/R/2051043/767329.pdf</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">.</font></div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Novartis Q3 and 9M 2016 Condensed Interim Financial Report &#8211; Supplementary Data</u></div>

<div><br>
</div>

<table id="z71a80e4ccb304c959375ae975d215bc9" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">INDEX</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">Page</div>
</td>
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<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">GROUP AND DIVISIONAL OPERATING PERFORMANCE Q3 and 9M 2016</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">&#160;</td>
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<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Group</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">2</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Innovative Medicines</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">6</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Sandoz</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">14</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Alcon</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">16</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">CASH FLOW AND GROUP BALANCE SHEET</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">19</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">INNOVATION REVIEW</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">22</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated income statements</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">29</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated statements of comprehensive income</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">31</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated balance sheets</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">32</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated changes in equity</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">33</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated cash flow statements</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">34</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.85pt">Notes to condensed interim consolidated financial statements, including update on legal proceedings</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">36</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">SUPPLEMENTARY INFORMATION</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">46</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">CORE RESULTS</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Reconciliation from IFRS to core results</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">48</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Group</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">50</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Innovative Medicines</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">52</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Sandoz</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">54</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Alcon</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">56</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Corporate</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">58</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Discontinued operations</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">60</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">ADDITIONAL INFORMATION</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated changes in net debt / Share information</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">61</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Free cash flow</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">62</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Net sales of the top 20 Innovative Medicines products</div>
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<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">63</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Innovative Medicines sales by business franchise</div>
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<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">65</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Net sales by region</div>
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<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">67</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Currency translation rates</div>
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<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">69</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Income from associated companies</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">70</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">DISCLAIMER</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">71</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">11</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Disclaimer</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">This press release contains forward-looking statements that can be identified by words such as &#8220;growth products,&#8221; &#8220;potential,&#8221; &#8220;on track,&#8221; &#8220;growth investments,&#8221; &#8220;launches,&#8221; &#8220;pipeline,&#8221; &#8220;Breakthrough Therapy,&#8221; &#8220;guidance,&#8221; &#8220;continuing,&#8221; &#8220;growth plan,&#8221; &#8220;progress,&#8221; &#8220;growth drivers,&#8221; &#8220;expected,&#8221; &#8220;innovation,&#8221; &#8220;outlook,&#8221; &#8220;invest for the future,&#8221; &#8220;priorities,&#8221; &#8220;plans,&#8221; &#8220;focus,&#8221; &#8220;launch,&#8221; &#8220;ongoing,&#8221; &#8220;accelerate,&#8221; &#8220;planning,&#8221; &#8220;progressing,&#8221; &#8220;promise,&#8221; &#8220;continues,&#8221; &#8220;drive,&#8221; &#8220;strategy,&#8221; &#8220;being addressed,&#8221; &#8220;in progress,&#8221; &#8220;pending,&#8221; &#8220;will,&#8221; &#8220;priority,&#8221; &#8220;target,&#8221; &#8220;aims,&#8221; &#8220;long-term,&#8221; &#8220;would,&#8221; &#8220;recommendation,&#8221; &#8220;planned,&#8221; &#8220;submitted,&#8221; &#8220;launched,&#8221; &#8220;Priority Review,&#8221; &#8220;investigating,&#8221; &#8220;growing,&#8221; &#8220;later this year,&#8221; &#8220;initiatives,&#8221; &#8220;contingent,&#8221; &#8220;underway,&#8221; or similar terms, or by express or implied discussions regarding potential new products, potential new indications for existing products, or regarding potential future revenues from any such products; potential shareholder returns or credit ratings; or regarding any potential financial or other impact on Novartis or any of our divisions of the strategic actions announced in January 2016 to focus our divisions, integrate certain functions and leverage our scale; or regarding any potential financial or other impact on Novartis from the creation of the Pharmaceuticals business unit and Oncology business unit to form the Innovative Medicines Division; or regarding any potential financial or other impact on Novartis as a result of the creation and operation of NBS, our centralized Technical Operations organization, or GDD; or regarding the potential financial or other impact on Novartis of the transactions with GSK, Lilly or CSL; or regarding potential future sales or earnings of the Novartis Group or any of its divisions; or by discussions of strategy, plans, expectations or intentions. You should not place undue reliance on these statements. Such forward looking statements are based on the current beliefs and expectations of management regarding future events, and are subject to significant known and unknown risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward looking statements. There can be no guarantee that any new products will be approved for sale in any market, or that any new indications will be approved for any existing products in any market, or that any approvals which are obtained will be obtained at any particular time, or that any such products will achieve any particular revenue levels. Neither can there be any guarantee that Novartis will be able to realize any of the potential strategic benefits, synergies or opportunities as a result of the creation of the Pharmaceuticals business unit and Oncology business unit to form the Innovative Medicines Division, the strategic actions announced in January 2016, the creation and operation of NBS, our centralized Technical Operations organization, or GDD, or the transactions with GSK, Lilly and CSL. Nor can there be any guarantee that Novartis or any of the businesses involved in the transactions will achieve any particular financial results in the future. Neither can there be any guarantee that shareholders will achieve any particular level of shareholder returns. Nor can there be any guarantee that the Group, or any of its divisions, will be commercially successful in the future, or achieve any particular credit rating. In particular, management&#8217;s expectations could be affected by, among other things: unexpected regulatory actions or delays or government regulation generally; the potential that the strategic benefits, synergies or opportunities expected from the creation of the Pharmaceuticals business unit and Oncology business unit to form the Innovative Medicines Division, the strategic actions announced in January 2016, the creation and operation of NBS, our centralized Technical Operations organization, and GDD, or the transactions with GSK, Lilly and CSL may not be realized or may take longer to realize than expected; the inherent uncertainties involved in predicting shareholder returns or credit ratings; the uncertainties inherent in research and development, including unexpected clinical trial results and additional analysis of existing clinical data; our ability to obtain or maintain proprietary intellectual property protection, including the ultimate extent of the impact on Novartis of the loss of patent protection and exclusivity on key products which commenced in prior years and continues this year; unexpected safety, quality or manufacturing issues; global trends toward health care cost containment, including ongoing pricing pressures, in particular from increased publicity on pharmaceuticals pricing; uncertainties regarding actual or potential legal proceedings, including, among others, actual or potential product liability litigation, litigation and investigations regarding sales and marketing practices, intellectual property disputes, and government investigations generally; general economic and industry conditions, including uncertainties regarding the effects of the persistently weak economic and financial environment in many countries; uncertainties regarding future global exchange rates, including the continued increases in value of the US dollar, our reporting currency, against a number of currencies; uncertainties regarding future demand for our products; uncertainties involved in the development of new healthcare products; uncertainties regarding potential significant breaches of data security or disruptions of our information technology systems; and other risks and factors referred to in Novartis AG&#8217;s current Form 20-F on file with the US Securities and Exchange Commission. Novartis is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">12</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">All product names appearing in italics are trademarks owned by or licensed to Novartis Group Companies. Seretide<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of GlaxoSmithKline Ltd. Enbrel<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of Amgen Inc. Jakafi<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of Incyte Corporation. Stelara<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> and Remicade<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> are registered trademarks of Janssen Biotech, Inc.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">About Novartis</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis provides innovative healthcare solutions that address the evolving needs of patients and societies. Headquartered in Basel, Switzerland, Novartis offers a diversified portfolio to best meet these needs: innovative medicines, eye care and cost-saving generic pharmaceuticals. Novartis is the only global company with leading positions in these areas. In 2015, the Group achieved net sales of USD 49.4 billion, while R&amp;D throughout the Group amounted to approximately USD 8.9 billion (USD 8.7 billion excluding impairment and amortization charges). Novartis Group companies employ approximately 118,000 full-time-equivalent associates. Novartis products are available in more than 180 countries around the world. For more information, please visit http://www.novartis.com<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Important dates</div>

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<div>January 25, 2017</div>
</td>
<td style="WIDTH: 65.49%">
<div>Fourth quarter and full year results 2016, including R&amp;D <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Update, </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Basel, Switzerland, with live video webcast</font></div>
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<div>Annual General Meeting</div>
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<div>April 25, 2017</div>
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<div>First quarter results 2017</div>
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<div>May 30-31, 2017</div>
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<div>Meet Novartis Management investor event in Boston, MA</div>
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<div>July 18, 2017</div>
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<div>Third quarter results 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; BACKGROUND-COLOR: #999999">CONDENSED INTERIM FINANCIAL REPORT &#8211; SUPPLEMENTARY DATA</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Novartis Q3 and 9M 2016 Condensed Interim Financial Report &#8211; Supplementary Data</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">GROUP AND DIVISIONAL OPERATING PERFORMANCE Q3 and 9M 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Group</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">2</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Innovative Medicines</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">6</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">16</div>
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</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">INNOVATION REVIEW</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">22</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated income statements</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">29</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated statements of comprehensive income</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">31</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated balance sheets</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">32</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated changes in equity</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">33</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated cash flow statements</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">34</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.85pt">Notes to condensed interim consolidated financial statements, including update on legal proceedings</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">36</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">SUPPLEMENTARY INFORMATION</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">46</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">CORE RESULTS</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Reconciliation from IFRS to core results</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">48</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Group</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">50</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Innovative Medicines</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">52</div>
</td>
</tr>

<tr style="HEIGHT: 12px">
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Sandoz</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">54</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Alcon</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">56</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Corporate</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">58</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Discontinued operations</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">60</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">ADDITIONAL INFORMATION</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Condensed consolidated changes in net debt / Share information</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">61</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Free cash flow</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">62</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Net sales of the top 20 Innovative Medicines products</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">63</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Innovative Medicines sales by business franchise</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">65</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Net sales by region</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">67</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Currency translation rates</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">69</div>
</td>
</tr>

<tr style="HEIGHT: 16px">
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 15.9pt">Income from associated companies</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 2px">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">70</div>
</td>
</tr>

<tr>
<td style="WIDTH: 91.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">DISCLAIMER</div>
</td>
<td style="WIDTH: 8.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">71</div>
</td>
</tr>
</table>

<div>&#160;</div>

<div>&#160;</div>
</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">1</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>
</div>
</div>

<div>&#160;</div>

<div style="FONT-WEIGHT: bold"><u>GROUP AND DIVISIONAL OPERATING PERFORMANCE</u></div>

<div>
<div style="BACKGROUND-COLOR: #ffffff"><br>
</div>

<table id="z76c6d29f81d342f4bd8e4481a0e838f1" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Key figures<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup></div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup></div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup></div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales to third parties from continuing operations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">12 126</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">12 265</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">36 196</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">36 894</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Divisional operating income from continuing operations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 324</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 317</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">7 134</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">7 577</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Corporate income &amp; expense, net from continuing operations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-55</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-83</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">34</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-321</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-277</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-16</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-34</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income from continuing operations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 269</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 234</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 813</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7 300</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">&#160;&#160;&#160;&#160;As % of net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">18.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">18.2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">18.8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">19.8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Income from associated companies</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">217</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">120</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">81</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">81</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">547</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">256</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">114</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">112</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Interest expense</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-174</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-154</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-13</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-539</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-497</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Other financial income and expense</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-38</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-31</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-23</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">31</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-82</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-56</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-46</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-12</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Taxes</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-329</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-357</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-977</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-1 029</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net income from continuing operations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 945</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 812</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">5 762</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">5 974</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Net income from discontinued operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup></div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">83</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm </div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">10 764</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 945</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 895</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">5 762</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">16 738</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-66</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-64</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: left">Basic EPS from continuing operations (USD)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0.81</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0.75</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2.42</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2.48</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Basic EPS from discontinued operations (USD)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup></div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0.04</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm </div>
</td>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">4.46</div>
</td>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm </div>
</td>
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</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total basic EPS (USD)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup></div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0.81</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0.79</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">4</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2.42</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6.94</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-65</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-64</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Free cash flow from continuing operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup></div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 591</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 788</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 479</div>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 317</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">3</div>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><u>Core</u></font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup></div>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core operating income from continuing operations</div>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3 381</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3 489</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9 974</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">10 733</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;&#160;&#160;&#160;</font>As % of net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">27.9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">28.4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">27.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">29.1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core net income from continuing operations</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 938</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3 061</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8 656</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9 334</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Core net loss from discontinued operations</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-66</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-208</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core net income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 938</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 995</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8 656</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9 126</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: left">Core basic EPS from continuing operations (USD)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1.23</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1.27</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3.63</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3.87</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Core basic EPS from discontinued operations (USD)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-0.03</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-0.09</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total core basic earnings per share (USD)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1.23</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1.24</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3.63</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3.78</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">nm = not meaningful</div>

<div style="BACKGROUND-COLOR: #ffffff"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">On January 27, 2016, Novartis announced plans to further focus our divisions, integrating businesses that share therapeutic areas to better leverage our development and marketing capabilities. These plans included the transfer of the Ophthalmic Pharmaceuticals franchise from the Alcon Division to the Innovative Medicines Division (formerly named the Pharmaceuticals Division), and the transfer of selected mature products from the Innovative Medicines Division to the Sandoz Division. Operationally, these transfers were completed as of April 1, 2016. The centralization of manufacturing and integration of some drug development functions, also announced on January 27, 2016, were completed as of July 1, 2016.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In compliance with International Financial Reporting Standards (IFRS), Novartis updated its segment financials to reflect these transfers, both for the current and prior year, to aid comparability of year-on-year results. As a result, all comparisons of divisional results from 2016 to 2015 reflect this new divisional structure.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">In addition, in 2015, Novartis completed a series of portfolio transformation transactions, including the acquisition of oncology assets from GSK and a 36.5% interest in GSK Consumer Healthcare Holdings Ltd., and the divestment of its Vaccines and Animal Health businesses. To reflect these transactions, Novartis reported the Group&#8217;s financial results in 2015 as &#8220;continuing operations&#8221; and &#8220;discontinued operations.&#8221; All comparisons from 2016 to 2015 are versus continuing operations, unless otherwise noted. See page 38 for a full explanation.</div>

<br>
<br>
<hr style="BORDER-TOP: 0px; HEIGHT: 1px; BORDER-RIGHT: 0px; WIDTH: 2in; BORDER-BOTTOM: 0px; COLOR: #000000; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: 0px; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="left" noshade="noshade">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> Continuing and discontinued operations are defined on page 38. In the prior-year quarter, net income from discontinued operations and net income of the Group include exceptional divestment gains.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup> Constant currencies (cc), core results and free cash flow are non-IFRS measures. An explanation of non-IFRS measures can be found on page 46. Unless otherwise noted, all growth rates in this Release refer to same period in prior year.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup> 9M 2015 included USD 12.8 billion of exceptional pre-tax divestment gains from the portfolio transformation transactions and USD 0.5 billion of additional pre-tax transaction related expenses.</div>
</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">2</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Third quarter</u></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net sales were USD 12.1 billion (-1%, -1% cc) in the third quarter, as volume growth of 5 percentage points was more than offset by the negative impact of generic competition (-4 percentage points) and pricing (-2 percentage points). Growth Products<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> contributed USD 4.3 billion or 36% of net sales, up 20% (USD) over the prior-year quarter.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">Corporate income and expense, net</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Corporate income and expense, which includes the cost of Group management and central services, amounted to a net expense of USD 55 million, compared to USD 83 million in the prior-year quarter. This improvement was mainly due to higher net realized gains from the Novartis Venture Fund.</div>

<div style="BACKGROUND-COLOR: #ffffff"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 2.3 billion (+2%, +1% cc). Operating income margin in constant currencies increased 0.3 percentage points; currency had a positive impact of 0.2 percentage points, resulting in a net increase of 0.5 percentage points in US dollar terms to 18.7% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core adjustments amounted to USD 1.1 billion (2015: USD 1.3 billion), broadly in line with the prior-year quarter.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Excluding these items, core operating income was USD 3.4 billion (-3%, -3% cc). Core operating income margin in constant currencies decreased 0.6 percentage points, mainly due to investments behind new launches and the Alcon growth plan, partially offset by productivity improvements. Currency had a positive impact of 0.1 percentage points, resulting in a net decrease of 0.5 percentage points in US dollar terms to 27.9% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Income from associated companies</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Income from associated companies amounted to USD 217 million, compared to USD 120 million in the prior-year quarter. The increase was mainly due to income of USD 91 million from our investment in GSK Consumer Healthcare Holdings Ltd., compared to a loss of USD 3 million recorded in the prior-year quarter. The income contribution from Roche Holding AG (Roche) is broadly in line with the prior-year quarter.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core income from associated companies increased to USD 295 million from USD 280 million in the prior-year quarter, on account of higher core income contribution from both GSK Consumer Healthcare Holdings Ltd. and Roche.</div>

<div style="BACKGROUND-COLOR: #ffffff">
<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Interest expense and other financial income/expense</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Interest expense increased to USD 174 million from USD 154 million in the prior-year quarter due to higher outstanding debt.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Other financial income and expense amounted to an expense of USD 38 million, broadly in line with the prior-year quarter expense of USD 31 million.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">Taxes</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The tax rate decreased to 14.5% from 16.5% in the prior-year quarter, mainly as a result of an adjustment in the prior-year quarter to reflect the change in estimate of the expected full-year tax rate.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The core tax rate decreased to 15.2% from 15.7% in the prior-year period, mainly as a result of the adjustment in the prior-year quarter to reflect the change in estimate of the expected full-year tax rate.</div>

<div style="BACKGROUND-COLOR: #ffffff">
<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Net income and EPS</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net income was USD 1.9 billion (+7%, +7% cc), up more than operating income mainly due to higher income from associated companies.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">EPS was USD 0.81 (+8%, +8% cc), up more than net income due to a reduction in the number of shares outstanding.</div>

<br>
<br>
<hr style="BORDER-TOP: 0px; HEIGHT: 1px; BORDER-RIGHT: 0px; WIDTH: 2in; BORDER-BOTTOM: 0px; COLOR: #000000; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: 0px; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="left" noshade="noshade">
<div style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> "Growth Products" are an indicator of the rejuvenation of the portfolio, and comprise products launched in a key market (EU, US, Japan) in 2011 or later, or products with exclusivity in key markets until at least 2020 (except Sandoz, which includes only products launched in the last 24 months). They include the acquisition effect of the GSK oncology assets.</div>

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</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">3</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

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<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core net income was USD 2.9 billion (-4%, -4% cc), broadly in line with core operating income.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core EPS was USD 1.23 (-3%, -3% cc), down less than core net income due to a reduction in the number of shares outstanding.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">Total Group</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">For the total Group, net income amounted to USD 1.9 billion, broadly in line with the prior-year quarter, and basic earnings per share was USD 0.81.</div>

<div><br>
</div>

<div style="BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Total Group free cash flow amounted to USD 2.6 billion, compared to USD 2.8 billion in the prior-year quarter.</div>

<div><br>
</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Nine months</u></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net sales were USD 36.2 billion (-2%, 0% cc) in the first nine months. Growth Products contributed USD 12.5 billion or 35% of net sales, up 21% (USD) over the prior-year period.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">Corporate income and expense, net</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">Corporate income and expense amounted to an expense of USD 321 million compared to USD 277 million in the prior-year period, mainly due to lower net contributions from the Novartis Venture Fund and costs related to the execution of the initiatives announced on January 27, 2016 to further focus the divisions, centralize manufacturing and integrate some drug development functions.</div>

<div style="BACKGROUND-COLOR: #ffffff">
<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 6.8 billion (-7%, -3% cc). Operating income margin in constant currencies decreased 0.5 percentage points; currency had a negative impact of 0.5 percentage points, resulting in a net decrease of 1.0 percentage points to 18.8% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core adjustments amounted to USD 3.2 billion (2015: USD 3.4 billion), broadly in line with the prior-year period.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Excluding these items, core operating income was USD 10.0 billion (-7%, -4% cc). Core operating income margin in constant currencies decreased 1.2 percentage points, mainly due to the loss of exclusivity on <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec</font>, investments behind new launches and the Alcon growth plan. Currency had a negative impact of 0.3 percentage points, resulting in a net decrease of 1.5 percentage points to 27.6% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Income from associated companies</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Income from associated companies increased to USD 547 million, compared to USD 256 million in the prior-year period. The increase was mainly due to income recognized from our investment in GSK Consumer Healthcare Holdings Ltd. of USD 198 million compared to a loss of USD 3 million recognized in the prior-year period. The 2016 income contribution from GSK Consumer Healthcare Holdings Ltd. includes a negative adjustment of USD 22 million recorded in the second quarter upon the issuance of 2015 actual results.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In addition, in the first nine months of 2016, we recognized an income of USD 344 million from our investment in Roche, which reflected our estimated share of income for the first nine months of 2016 of USD 412 million partly offset by the adjustment for 2015 actual results. The higher contribution from Roche in the first nine months of 2016 was due to a smaller adjustment recognized upon publication of 2015 actual results by Roche compared to the adjustment recorded in the prior-year period upon publication of the 2014 actual results.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core income from associated companies increased to USD 854 million from USD 738 million in the prior-year period. The increase was due to a higher contribution from GSK Consumer Healthcare Holdings Ltd., which accounted for USD 282 million in the first nine months of 2016 compared to USD 160 million in prior-year period. The increase was partially offset by a slight decrease in the core income contribution from Roche to USD 567 million, compared to USD 577 million in the prior-year period.</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">4</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

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<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">Interest expense and other financial income/expense</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Interest expense increased to USD 539 million from USD 497 million in the prior-year period due to higher outstanding debt.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Other financial income and expense amounted to an expense of USD 82 million compared to an expense of USD 56 million in the prior-year period, mainly due to higher currency losses in the first nine months of 2016.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">Taxes</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The tax rate decreased to 14.5% from 14.7% in the prior-year period, mainly as a result of a change in profit mix between jurisdictions with different tax rates.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The core tax rate increased to 15.2% from 15.0% in the prior-year period, mainly due to core profits in jurisdictions with higher tax rates.</div>

<div style="BACKGROUND-COLOR: #ffffff">
<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Net income and EPS</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net income was USD 5.8 billion (-4%, +1% cc), with the increase relative to the operating income decline due to higher income from associated companies.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">EPS was USD 2.42 (-2%, +2% cc), up more than net income due to a reduction in the number of shares outstanding.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core net income was USD 8.7 billion (-7%, -4% cc), in line with core operating income.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core EPS was USD 3.63 (-6%, -3% cc), down less than core net income due to a reduction in the number of shares outstanding.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">Total Group</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">For the total Group, net income amounted to USD 5.8 billion compared to USD 16.7 billion in the prior-year period, and basic earnings per share decreased to USD 2.42 from USD 6.94. The prior-year period benefitted from the net income from discontinued operations, which included USD 12.8 billion of exceptional pre-tax divestment gains from the portfolio transformation transactions and USD 0.5 billion of additional pre-tax transaction related expenses.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Total Group free cash flow amounted to USD 6.5 billion, compared to USD 6.0 billion in the first nine months of 2015.</div>
</div>

<div>
<div>&#160;</div>

<div>
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<div>&#160;</div>

<div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Innovative Medicines</u></div>

<table id="zbae6c02c3ba3448aa468ace49eb12f96" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup>&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup>&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8 173</div>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8 254</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">24 289</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">24 847</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 020</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 872</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 066</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">6 316</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;&#160;As % of net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">24.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">22.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">25.0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">25.4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 676</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 724</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7 947</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">8 451</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;&#160;As % of net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">32.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">33.0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">32.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">34.0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Innovative Medicines Division (formerly named the Pharmaceuticals Division) is comprised of two business units (BUs): Novartis Pharmaceuticals and Novartis Oncology.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Following the new divisional structure announced on January 27, 2016, results from the Innovative Medicines Division in 2016 and 2015 include the Ophthalmic Pharmaceuticals products transferred in from the Alcon Division, and exclude the selected mature products transferred out to Sandoz.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Third quarter</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net sales were USD 8.2 billion (-1%, -1% cc) in the third quarter. Volume contributed 5 percentage points to sales growth. Generic competition had a negative impact of 5 percentage points and pricing had a negative impact of 1 percentage point, both largely due to <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> genericization in the US. Growth Products<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup> grew 21% (cc) to USD 3.8 billion, or 46% of division net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Regionally, Europe sales (USD 2.8 billion, +6% cc) grew, mainly driven by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar + Mekinist</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jakavi.</font> US sales (USD 2.7 billion, -11% cc) declined due to generic competition, largely for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec,</font> which offset the strong performance of Growth Products<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">. </font>Japan sales (USD 0.6 billion, -11% cc) declined, mainly due to the divestment of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">14 Established Medicines brands in March and to</font> generic impact for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exforge </font>and<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Diovan</font>, as well as competition for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font>. Emerging Growth Markets sales increased 9% (cc) to USD 2.1 billion.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis Pharmaceuticals BU sales were USD 4.9 billion (+3% cc). Ophthalmology sales were flat; the continued decline in <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> (USD 456 million, -4% cc) due to competition was offset by other Ophthalmology products. In Neuroscience, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gilenya</font> (USD 790 million, +15% cc) saw double-digit growth in most markets, which offset <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exelon/Exelon</font> Patch (USD 104 million, -33% cc) sales decline due to generic competition. Immunology and Dermatology sales increased 39% (cc) to USD 770 million, and were underpinned by continued uptake of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> (USD 301 million) in US and Europe. Respiratory performance was driven by continued growth of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> (USD 215 million, +19% cc) and solid growth of COPD<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">4</sup> portfolio (USD 169 million, +18% cc). Cardio-Metabolic continued to grow, driven by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Galvus</font> (USD 306 million, +6% cc), as well as <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto</font> (USD 53 million), which saw increased penetration in the US and new launches.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis Oncology BU sales were USD 3.2 billion (-6% cc; +7% cc excluding <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> genericization impact). The sales decline was driven by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> (USD 834 million, -30% cc) generic impact in the US, partially offset by Growth Products including <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Promacta/Revolade</font> (USD 168 million, +44% cc), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jakavi</font> (USD 149 million, +47% cc), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar + Mekinist</font> (USD 172 million, +29% cc), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tasigna</font> (USD 441 million, +8% cc) and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Votrient</font> (USD 183 million, +9% cc).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Operating income</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Operating income was USD 2.0 billion (+8%, +9% cc). Core adjustments totaled USD 656 million, including USD 612 million for amortization of intangible assets, mainly related to the acquired assets in Oncology and Ophthalmology. Prior-year core adjustments were USD 852 million.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> In compliance with IFRS, Novartis updated its segment financials to reflect the new divisional structure announced on January 27, 2016, to aid comparability of year-on-year results.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup> See Note 5 to the Condensed Interim Financial Report for a complete description of the segment.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup> Growth products are an indicator of the rejuvenation of the portfolio, and comprise products launched in a key market (EU, US, Japan) in 2011 or later, or products with exclusivity in key markets until at least 2020.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">4</sup> Our chronic obstructive pulmonary disease (COPD) portfolio consists of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ultibro Breezhaler/Utibron Neohaler, Onbrez Breezhaler/Arcapta Neohaler</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Seebri Breezhaler/Seebri Neohaler</font>.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core operating income was USD 2.7 billion (-2%, -1% cc). Core operating income margin in constant currencies was flat; currency had a negative impact of 0.3 percentage points, resulting in a net decrease of 0.3 percentage points to 32.7% of net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core gross margin as a percentage of net sales increased by 1.0 percentage points (cc), mainly due to productivity improvements and higher other revenues. Core R&amp;D expenses decreased by 0.6 percentage points (cc), mainly reflecting continued productivity efforts. Core M&amp;S expenses increased by 0.1 percentage points (cc), as launch investments were offset by productivity improvements<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">. </font>Core G&amp;A expenses increased by 0.2 percentage points (cc), and core Other Income and Expense, net decreased the margin by 1.3 percentage points (cc), mainly due to the release of launch provisions in 2015.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Nine months</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Innovative Medicines delivered net sales of USD 24.3 billion (-2%, 0% cc) in the first nine months, as volume growth (+6 percentage points) was fully offset by the impact of generic competition (-6 percentage points). Pricing impact was negligible.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Europe sales (USD 8.4 billion, +8% cc) grew, while the US performance (USD 8.1 billion, -9% cc) was impacted by generic competition. Japan sales (USD 1.9 billion, -10% cc) declined, mainly due to generic competition and divestments. Emerging Growth Markets sales increased 6% (cc) to USD 6.1 billion.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 6.1 billion (-4%, 0% cc) for the first nine months. Core adjustments amounted to USD 1.9 billion, mainly due to USD 1.8 billion of amortization of intangible assets. Prior-year core adjustments were USD 2.1 billion.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core operating income was USD 7.9 billion (-6%, -2% cc). Core operating income margin in constant currencies decreased by 0.7 percentage points, mainly due to launch investments for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font>, partially offset by productivity improvements; currency had a negative impact of 0.6 percentage points, resulting in a net decrease of 1.3 percentage points to 32.7% of net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core gross margin as a percentage of net sales decreased by 0.6 percentage points (cc), mainly due to higher production costs. Core R&amp;D expenses decreased by 0.4 percentage points (cc). Core M&amp;S expenses increased by 0.6 percentage points (cc), largely due to launch investments, while core G&amp;A remained flat. Core Other Income and Expense, net increased the margin by 0.1 percentage points (cc).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Innovative Medicines product review</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">All comments below focus on third quarter movements in constant currencies.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>ONCOLOGY BUSINESS UNIT</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 559</div>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3 439</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-26</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-25</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Tasigna</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">441</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">416</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 281</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 200</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Subtotal Bcr-Abl portfolio</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 275</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 601</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-20</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-20</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3 840</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4 639</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-17</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-16</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Sandostatin</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">413</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">419</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 238</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 217</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Afinitor/Votubia</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">393</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">414</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1125</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 225</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Exjade/Jadenu</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">242</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">213</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">14</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">14</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">719</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">669</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Votrient</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">183</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">167</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">10</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">537</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">389</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Tafinlar + Mekinist<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup></div>
</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">172</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">135</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">27</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">29</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">494</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">306</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Promacta/Revolade</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">168</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">117</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">44</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">44</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">457</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">269</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Jakavi</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">149</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">103</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">45</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">47</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">419</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">291</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">44</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">47</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Zykadia</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">21</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">21</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">69</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">55</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">25</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">25</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">219</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">259</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">685</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">725</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total Oncology Business Unit</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3 235</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3 449</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9 583</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9 785</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> Majority of sales for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Mekinist</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar</font> are combination, but both can be used as a monotherapy</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">nm = not meaningful</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">7</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Our Bcr-Abl portfolio</font>, consisting of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tasigna</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font>, generated sales of USD 1.3 billion (-20% cc) in the third quarter.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Tasigna</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;</font>(USD 441 million, +8% cc) showed solid growth in the third quarter, driven by Europe and other markets, despite the entry of multiple generic versions of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> in the US in the third quarter. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tasigna</font> is approved for the treatment of adult patients newly diagnosed with Philadelphia chromosome-positive (Ph+) chronic myeloid leukemia (CML) in the chronic phase, and is also approved for the treatment of adult patients with Ph+ CML in the chronic or accelerated phase who are resistant or intolerant to at least one prior therapy including <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font>.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Gleevec</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">/</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Glivec</font> (USD 834 million, -30% cc) declined, driven by the US, where multiple generic versions have entered the market. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> is approved in more than 110 countries for the treatment of adult patients in all phases of Ph+ CML, for the treatment of patients with KIT (CD117)-positive gastrointestinal tumors (KIT+ GIST), which cannot be surgically removed and/or have metastasized, and for the treatment of adult patients following complete surgical removal of KIT+ GIST. Not all indications are available in every country.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Afinitor</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">/</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Votubia</font> (USD 393 million, -5% cc) declined due to new treatment options for advanced breast cancer (aBC) and advanced renal cell carcinoma (aRCC) in the US, partially offset by expansion in other indications, such as neuroendocrine tumors (NET) of gastrointestinal (GI) or lung origin. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Afinitor</font> is approved in combination with exemestane for the treatment of patients with HR+/HER2 negative aBC after failure with a non-steroidal aromatase inhibitor, for aRCC following VEGF-targeted therapy (in the US, specifically following sunitinib and sorafenib), for locally advanced, metastatic or unresectable progressive pancreatic NET, and for the treatment of advanced, progressive, well-differentiated, nonfunctional GI or lung NET. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Afinitor </font>is also approved for treatment of patients with subependymal giant cell astrocytoma and renal angiomyolipoma associated with tuberous sclerosis complex. Everolimus, the active ingredient in <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Afinitor/Votubia</font>, is available under the trade names <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zortress/Certican</font> for use in other non-oncology indications and is exclusively licensed to Abbott and sublicensed to Boston Scientific for use in drug-eluting stents.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Sandostatin</font> (USD 413 million, 0% cc) sales were in line with the prior-year quarter. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Sandostatin</font> is a somatostatin analogue indicated for the treatment of acromegaly and NET. In NET, it is used for patients with symptoms of carcinoid syndrome from gastro-entero-pancreatic NET as well as for tumor control in patients with advanced NET of the midgut or unknown primary tumor location.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Exjade/Jadenu</font> (USD 242 million, +14% cc) performance was driven by the continued uptake of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jadenu</font> in the US. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exjade</font> is a once-daily dispersible tablet for chronic transfusional iron overload, as well as for chronic iron overload in patients with non-transfusion-dependent thalassemia. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jadenu</font>, an oral film-coated tablet formulation that can be swallowed whole, is approved in the US, Canada and other markets for the same indications as <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exjade</font>. In the EU, the new oral formulation was approved as <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exjade</font> Film-Coated Tablet in March 2016 with countries launching as of October 2016. Regulatory applications for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jadenu</font> have been submitted in Switzerland and many other countries worldwide.</div>

<div><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Votrient</font> (USD 183 million, +9% cc) grew in all major markets. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Votrient</font> is a small molecule tyrosine kinase inhibitor (TKI) that targets a number of intracellular proteins to limit tumor growth and cell survival, which<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>is approved in the US for the treatment of patients with aRCC, and in the EU for first-line treatment of adult patients with aRCC as well as patients who have received prior cytokine therapy for advanced disease. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Votrient</font> is also indicated for the treatment of patients with selective subtypes of advanced soft tissue sarcoma who have received prior chemotherapy or have progressed within 12 months after neoadjuvant therapy.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Tafinlar + Mekinist</font> (USD 172 million, +29% cc) performance was driven by strong growth in Europe. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar + Mekinist</font> is the first combination of its kind for the treatment of patients with BRAF V600E/K mutation-positive unresectable or metastatic melanoma, as detected by a validated test. It is also the first combination of BRAF and MEK inhibitors to report three years of follow-up survival data in a Phase III study in BRAF V600+ unresectable or metastatic melanoma patients. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Mekinist</font> are also approved as single agents for the treatment of patients with unresectable or metastatic melanoma in more than 60 and 35 countries worldwide, respectively. In addition, both <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar </font>monotherapy and the <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar + Mekinist </font>combination have FDA Breakthrough Therapy designation in BRAF mutant non-small cell lung cancer (NSCLC).</div>
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<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">8</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

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<div>&#160;</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Promacta/Revolade</font> (USD 168 million, +44% cc) grew at a strong double-digit rate, driven by continued worldwide uptake as well as growth of the thrombopoietin (TPO) class for chronic immune (idiopathic) thrombocytopenic purpura (ITP). It is the only approved once-daily oral TPO receptor agonist and the only TPO receptor agonist with multiple indications in different disease states. It is approved in more than 100 countries for the treatment of thrombocytopenia in adult patients with chronic ITP who have had an inadequate response or are intolerant to other treatments. In the US and EU, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Promacta/Revolade </font>is approved for patients one year and older with chronic ITP who have had an insufficient response to other treatments. It<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>is also approved in 45 countries for the treatment of patients with severe aplastic anemia who are refractory to other treatments, and in more than 50 countries for the treatment of thrombocytopenia in patients with chronic hepatitis C to allow them to initiate and maintain interferon-based therapy.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Jakavi</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;</font>(USD 149 million, +47% cc), an oral inhibitor of the JAK 1 and JAK 2 tyrosine kinases, experienced continued strong growth driven by patient gains in the myelofibrosis (MF) indication globally and the launch of the polycythemia vera (PV) indication in key markets. It is the first and only JAK inhibitor indicated for the treatment of disease-related splenomegaly or symptoms in adult patients with primary MF (also known as chronic idiopathic MF), post-polycythemia vera MF or post-essential thrombocythemia MF. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jakavi </font>is currently approved in 101 countries for the MF indication, including EU countries, Japan and Canada. More than 65 countries have approved <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jakavi</font> for the treatment of adult patients with PV who are resistant to or intolerant of hydroxyurea, including EU countries, Switzerland, Canada and Japan, and regulatory applications have been submitted in other countries. Novartis licensed ruxolitinib from Incyte Corporation for development and commercialization in the areas of oncology, hematology and graft-versus-host disease outside the US. Ruxolitinib is marketed in the US by Incyte under the brand name Jakafi<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup>.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Zykadia</font> (USD 21 million, -4% cc), an oral, selective inhibitor of anaplastic lymphoma kinase (ALK) for ALK+ NSCLC, was impacted by competition in the US. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zykadia</font> is approved in more than 50 countries worldwide. In the US, it was granted accelerated approval for the treatment of patients with ALK+ metastatic NSCLC who have progressed on or are intolerant to crizotinib. The EC also provided conditional marketing authorization for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zykadia</font> as a treatment for adult patients with ALK+ advanced NSCLC previously treated with crizotinib. Both US and EU approvals are contingent on further verification of clinical benefit in ongoing studies. Additional regulatory reviews for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zykadia</font> are underway worldwide.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>PHARMACEUTICALS BUSINESS UNIT</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">OPHTHALMOLOGY</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Lucentis</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">456</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">485</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 383</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 561</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

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<td style="WIDTH: 20%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Travoprost Group</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">151</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">161</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">458</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">481</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Topical Olopatadine Group</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">81</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">77</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">280</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">386</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-27</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-27</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Systane</font> Group</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">96</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">92</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">277</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">289</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">586</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">558</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 746</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 815</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total Ophthalmology</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 370</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 373</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4 144</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4 532</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Lucentis</font> (USD 456 million, -4% cc) sales were impacted by competitive pressures. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> is an anti-VEGF therapy specifically designed for the eye, minimizing systemic exposure. The <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> pre-filled syringe has now launched in 26 countries. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> is licensed from Genentech, and Novartis holds the rights to commercialize the product ex-US. Genentech holds the rights to commercialize <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> in the US.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Travoprost Group </font>(USD 151 million, -8% cc), including <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Travatan</font>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">TravatanZ </font>and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">DuoTrav</font>, is indicated for the reduction of elevated intraocular pressure (IOP) in patients with open-angle glaucoma or who have ocular hypertension. Sales for the Travoprost Group declined due to increased competition from branded generics. Single agent travoprost products (<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Travatan</font>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">TravatanZ</font>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Travatan BAK-Free </font>and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Izba</font>) are prescribed as first-line agents and are marketed in more than 140 countries, including the US, EU countries, Canada and China. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">DuoTrav (</font>travoprost and timolol) is a fixed-dose combination solution approved as a second-line treatment and currently marketed in more than 140 countries, including the EU countries, Canada and China.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">9</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Topical Olopatadine Group </font>(USD 81 million, +3% cc), which includes <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Patanol</font>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Pataday </font>and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Pazeo</font>, grew driven by strong performance in Japan. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Patanol</font> generic impact in the US was offset by seasonal shipment phasing and higher uptake of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Pazeo,</font> which was launched in 2015. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Patanol, Pataday </font>and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Pazeo </font>are olopatadine hydrochloride ophthalmic solutions of different concentrations that are approved to treat the signs and symptoms of allergic conjunctivitis (<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Patanol</font>), as well as ocular itching associated with allergic conjunctivitis (<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Pataday </font>and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Pazeo</font>). Olopatadine products are marketed in more than 100 countries, including the US, EU countries, Canada and China.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Systane </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Group </font>(USD 96 million, +7% cc) growth was driven by improved performance in emerging markets and targeted direct to customer investment in the developed markets. The <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Systane </font>portfolio is a comprehensive offering of ocular health solutions, most of which are indicated for the temporary relief of burning and irritation due to dryness of the eye. The <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Systane </font>portfolio includes products for daily and nighttime relief, as well as products for everyday lid hygiene, and for discomfort associated with contact lens wear. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Systane Ultra </font>is sold in more than 90 countries, including the US, Canada, EU countries, Latin America and Asia. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Systane Balance </font>is sold in more than 65 countries. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Systane Hydration</font>, a novel combination that includes hyaluronic acid, is sold in more than 35 countries across Europe, Canada and Australia.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">NEUROSCIENCE</div>

<table id="zd2b7aa12707145bca3c11431f0b34cf0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
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<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Gilenya</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">790</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">696</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">14</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 299</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 034</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">13</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exelon/Exelon </font>Patch</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">104</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">152</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-32</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-33</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">330</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">593</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-44</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-44</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">30</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">41</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-27</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-28</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">94</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">111</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total Neuroscience</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">924</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">889</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 723</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 738</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Gilenya</font> (USD 790 million, +15% cc), the first once-daily oral therapy to treat relapsing forms of multiple sclerosis (RMS), continued to grow double-digit, mainly due to volume growth. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gilenya</font> is approved in over 80 countries. Gilenya has been used to treat approximately 160,000 patients in both clinical trials and the post-marketing setting, with the total patient exposure now at approximately 368,000 patient years. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gilenya</font> is licensed from Mitsubishi Tanabe Pharma.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Exelon</font>/<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Exelon</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Patch</font> (USD 104 million, -33% cc) declined due to generic competition for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exelon</font> Patch in the US and EU. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exelon </font>Patch is approved for the treatment of mild-to-moderate Alzheimer&#8217;s disease dementia (AD) in more than 85 countries, and severe AD in 14 countries, including the US. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exelon </font>Patch<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>is also indicated for the treatment of Parkinson&#8217;s disease demen<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">tia in more than 20 countries.</font></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">IMMUNOLOGY and DERMATOLOGY (I and D)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup></div>

<table id="z7c7895152ff0465f99fdeb338cb4173d" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Cosentyx</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">301</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">88</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">737</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">140</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Neoral/Sandimmun(e)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">130</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">135</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">389</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">426</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Zortress/Certican</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">101</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">85</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">19</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">18</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">294</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">246</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">20</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">22</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Myfortic</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">97</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">127</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-24</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-19</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">292</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">326</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Ilaris</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">73</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">57</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">28</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">29</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">208</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">173</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">20</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">22</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">41</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">41</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">126</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">122</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total I and D (excl. everolimus stent drug)</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">743</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">533</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">39</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">41</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 046</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 433</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">43</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">45</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Everolimus stent drug</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">27</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">26</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">78</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">76</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total I and D</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">770</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">559</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">38</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">39</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 124</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 509</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">41</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">43</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> sales for all indications are reported in the Respiratory franchise</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">nm = not meaningful</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">10</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>
</div>

<div>&#160;</div>

<div>
<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Cosentyx</font> (USD 301 million) continued to show strong growth in the third quarter. Launched in February 2015, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> has been used to treat more than 50,000 patients in a post-marketing setting to date. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> is the only fully human monoclonal antibody that selectively neutralizes circulating interleukin-17A (IL-17A) and is approved to treat psoriasis, ankylosing spondylitis (AS) and psoriatic arthritis (PsA). In clinical trials, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> has shown superiority over Enbrel<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> and Stelara<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup>, providing rapid and sustainable efficacy for patients with psoriasis. In January 2015, Cosentyx became the first IL-17A inhibitor and biologic approved in the EU as a first-line systemic treatment of moderate-to-severe plaque psoriasis in adult patients, and in the US as a treatment for moderate-to-severe plaque psoriasis in adult patients who are candidates for systemic therapy or phototherapy. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> is approved for the treatment of moderate-to-severe plaque psoriasis in over 65 countries to date, including the US, EU countries, Switzerland, Canada and Australia. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx </font>is also approved in more than 50 countries for the treatment of adults with AS and PsA, including the US, EU countries, Canada and Australia.<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>In Japan, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> is approved for the treatment of moderate-to-severe plaque psoriasis, pustular psoriasis and PsA.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Xolair</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>continued its strong growth globally and is currently approved in over 80 countries, including the EU and Switzerland, as a treatment for chronic spontaneous urticaria (CSU), also known as chronic idiopathic urticaria (CIU), for which it is approved in the US, Canada and Australia. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> has now been launched for CSU/CIU in over 40 countries, including the US, Switzerland, Canada and several EU countries. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> as a treatment for moderate-to-severe or severe persistent allergic asthma (SAA) is addressed below in the Respiratory section, and all<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Xolair </font>sales are booked in the Respiratory franchise. Novartis co-promotes <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair </font>with Genentech in the US and shares a portion of the operating income, but does not book US sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Neoral/Sandimmun(e) </font>(USD 130 million, -5% cc) is an immunosuppressant to prevent organ rejection following a kidney, liver, heart or lung transplant. It is also indicated for the treatment of selected autoimmune disorders, such as psoriasis and rheumatoid arthritis. Although sales are declining as expected due to generic competition and mandatory price reductions, most notably in the US, Europe and Japan, the decrease is not as rapid as has been the case in other therapeutic areas, due to the special characteristics of the solid organ transplant market.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Zortress/Certican </font>(USD 101 million, +18% cc), available in more than 90 countries to prevent organ rejection in adult heart and kidney transplant patients, continued to show growth. It is also approved for liver transplant patients in over 70 countries, including EU countries and the US. Everolimus, the active ingredient in <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zortress</font>/<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Certican</font>, is marketed for other indications under the trade names <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Afinitor</font>/<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Votubia</font>. Everolimus is exclusively licensed to Abbott and sublicensed to Boston Scientific for use in drug-eluting stents.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Myfortic </font>(USD 97 million, -19% cc), a transplantation medicine, declined due to loss of exclusivity in several markets. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Myfortic</font> continued to grow in geographies where generic competition has not yet begun.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Ilaris</font> (USD 73 million, +29% cc) continued to grow as a treatment for adults and children with cryopyrin-associated periodic syndrome (CAPS), for which it is approved in more than 70 countries. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ilaris</font> is also approved for the treatment of active systemic juvenile idiopathic arthritis (SJIA) &#8211; an important growth driver for the product &#8211; in the US, EU and other countries, and is also available for the symptomatic treatment of refractory acute gouty arthritis in the EU. In the third quarter, the European Commission approved a license extension for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ilaris</font> to treat patients with Adult-Onset Still&#8217;s Disease, and the FDA approved <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ilaris</font> for three rare and distinct types of Periodic Fever Syndromes, also known as Hereditary Periodic Fevers.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">RESPIRATORY</div>

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<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
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<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
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<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
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<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
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<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Ultibro Breezhaler</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">95</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">66</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">44</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">38</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">273</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">184</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">48</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">46</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Seebri Breezhaler</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">37</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">38</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">111</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">113</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Onbrez Breezhaler</font>/<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Arcapta Neohaler</font></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">37</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">38</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">107</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">128</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-16</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">COPD portfolio</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">169</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">142</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">19</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">18</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">491</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">425</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">16</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">17</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Xolair<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">215</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">184</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">17</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">19</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">619</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">558</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">200</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">226</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">23</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">28</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-18</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total Respiratory</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">390</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">328</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">19</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">20</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 133</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 011</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">12</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> Revenue, which is ex-US only, reflects <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> sales for all indications (including CSU/CIU, which is managed by the Immunology and Dermatology franchise)</div>
</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">11</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

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<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
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</div>

<div>&#160;</div>

<div>
<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The COPD portfolio, which consists of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Ultibro Breezhaler/Utibron Neohaler</font>,<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic"> Onbrez Breezhaler/Arcapta Neohaler </font>and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Seebri Breezhaler/Seebri Neohaler</font>,<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>grew 18% (cc) to USD 169 million. All three products in the COPD portfolio are delivered via the low-resistance <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Breezhaler/Neohaler</font> inhalation device.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Ultibro Breezhaler/Utibron Neohaler</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;</font>(USD 95 million, +38% cc), a LABA/LAMA, continued to grow strongly, fuelled by the FLAME study positive results, as a first-in-class dual bronchodilator in over 90 countries (including Japan and EU countries). <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ultibro Breezhaler </font>is a once-daily fixed-dose combination of indacaterol and glycopyrronium bromide, and in the EU is indicated as a maintenance bronchodilator treatment to relieve symptoms in adult patients with COPD. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Utibron </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; BACKGROUND-COLOR: #ffffff">Neohaler</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>was approved in the US in October 2015 as a twice-daily dual combination of indacaterol and glycopyrrolate for the long-term maintenance treatment of airflow obstruction in patients with COPD, including chronic bronchitis and/or emphysema.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Seebri Breezhaler/Seebri Neohaler</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>(USD 37 million, -2% cc), an inhaled LAMA, slightly declined due in part to a focus of resources on <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ultibro Breezhale</font>r. Indicated as a<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>once-daily maintenance bronchodilator treatment to relieve symptoms of patients with COPD, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Seebri Breezhaler</font> is approved in over 90 countries. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; BACKGROUND-COLOR: #ffffff">Seebri Neohaler </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; BACKGROUND-COLOR: #ffffff">was approved in the US in October 2015 </font>as a twice-daily long-term maintenance treatment of airflow obstruction in patients with COPD, including chronic bronchitis and/or emphysema. Glycopyrronium bromide and certain use and formulation intellectual property were exclusively licensed to Novartis in April 2005 by Vectura and its co-development partner Sosei.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Onbrez Breezhaler</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">/</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Arcapta Neohaler</font> (USD 37 million, +3% cc), a once-daily inhaled LABA, saw sales grow. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Onbrez</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Breezhaler/Arcapta</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Neohaler </font>is indicated as a maintenance bronchodilator treatment of airflow obstruction in adult patients with COPD, and is approved in over 100 countries including the US.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Xolair </font>(USD 215 million, +19%), currently approved in more than 90 countries as a treatment for moderate-to-severe or severe persistent allergic asthma, delivered solid sales growth. In July, the FDA approved an expanded age range for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> to include children six to 11 years of age with moderate to severe persistent asthma. Worldwide, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair </font>is the first biologic approved for adults and children with moderate-to-severe allergic asthma. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> as a treatment for CSU/CIU is addressed earlier in the Immunology and Dermatology section. Novartis co-promotes <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> with Genentech in the US and shares a portion of the operating income, but does not book US sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">CARDIO-METABOLIC</div>

<table id="z3694a544a5924939934d962638e0259f" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="7">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="7">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 12px">
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Galvus</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">306</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">281</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">895</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">846</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Entresto</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">53</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">16</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">102</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">16</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Other</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">4</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0.5pt; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0.5pt; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">10</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total Cardio-Metabolic</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">363</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">297</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">22</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">19</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 007</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">862</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">17</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">18</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">nm = not meaningful</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Entresto</font> (USD 53 million) (sacubitril/valsartan) continues to grow steadily with approvals in 64 countries allowing us to launch in over 30 countries to date. Launched in July 2015, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto</font> has been used to treat more than 100,000 HFrEF patients worldwide to date. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto</font>, a novel angiotensin receptor neprilysin inhibitor (ARNI), demonstrated significant superiority in mortality (20%) over and above enalapril in the PARADIGM-HF trial, representing the first major advance in heart failure in over two decades. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto</font> showed strong growth in the third quarter, following a class 1 recommendation in both US and EU heart failure guidelines and further US field force expansion to reach primary care physicians. Uptake in Europe and the rest of the world continues to accelerate with new approvals and expanding access.</div>

<div style="BACKGROUND-COLOR: #ffffff"><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Galvus </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Group</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">&#160;</font>(USD 306 million, +6% cc) delivered solid sales growth. The Group includes <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Galvus</font>, an oral treatment for type-2 diabetes, and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Eucreas</font>, a single-pill combination of vildagliptin (the active ingredient in <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Galvus</font>) and metformin. The focus for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Galvus</font> remains on patients whose diabetes is uncontrolled on metformin, earlier treatment intensification as well as on expansion of usage in key segments, such as elderly and renal-impaired patients. The <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Galvus</font> Group is currently approved in more than 125 countries.</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">12</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>
</div>
</div>

<div>&#160;</div>

<div>
<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">ESTABLISHED MEDICINES</div>

<table id="z54ffb9631ef44e399ca8f9c0068553dd" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Diovan/Co-Diovan</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">261</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">287</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">816</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">992</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-18</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-15</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Exforge</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">232</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">245</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">689</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">798</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-14</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Voltaren/Cataflam</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">131</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">148</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">389</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">418</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Ritalin/Focalin</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">62</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">75</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-17</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-17</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">209</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">285</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-27</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-25</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">435</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">604</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-28</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-31</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 472</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 917</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-23</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-21</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total Established Medicines</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 121</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 359</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-18</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-18</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">3 575</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4 410</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-19</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-16</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Diovan </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Group</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">&#160;</font>(USD 261 million, -8% cc), consisting of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Diovan</font> monotherapy and the combination product <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Co-Diovan</font>/<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Diovan</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">HCT</font>, saw sales decline due to loss of exclusivity including in the US, EU and Japan for both <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Diovan</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Co-Diovan</font>/<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Diovan HCT</font>. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Diovan</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Co-Diovan</font>/<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Diovan HCT </font>are still growing in some emerging markets, including China.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Exforge</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold"> Group</font> (USD 232 million, -5% cc), which includes <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exforge</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exforge</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">HCT</font>, declined due to generic competition in the US and Japan. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exforge</font> is consistently maintaining value in the EU, where it has commercial exclusivity until at least January 2017, and is growing in emerging markets, including China. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exforge HCT </font>is growing in most regions except the US.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Voltaren/Cataflam</font> (USD 131 million, -10% cc) is a leading international brand by sales in the non-steroidal anti-inflammatory drugs (NSAIDs) market for the relief of symptoms in rheumatic diseases, such as rheumatoid arthritis and osteoarthritis, and for various other inflammatory and pain conditions. This product is subject to generic competition and, in various countries, Sandoz markets generic versions of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Voltaren</font>.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Ritalin/Focalin</font> (USD 62 million, -17% cc) is a treatment for attention deficit hyperactivity disorder (ADHD). <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ritalin</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ritalin LA</font> are available in more than 70 and 30 countries, respectively, and are also indicated for narcolepsy. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Focalin</font> and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Focalin XR</font> are available in the US, and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Focalin XR</font> is also approved in Switzerland. Most strengths of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ritalin </font>and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Focalin</font> are subject to generic competition in the US.</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">13</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

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</div>
</div>
</div>
</div>

<div>&#160;</div>

<div>
<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Sandoz</u></div>

<table id="z8b1a4f8f37e0482a86560a0af603aaac" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup>&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup>&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 517</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 542</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7 539</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7 516</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">354</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">388</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 080</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 009</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">12</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;&#160;As % of net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">14.1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">15.3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">14.3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">13.4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">530</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">528</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 550</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 548</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;&#160;As % of net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">21.1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">20.8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">20.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">20.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Following the new divisional structure announced on January 27, 2016, results from the Sandoz Division in 2016 and 2015 include the selected mature products transferred from the Innovative Medicines Division.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Third quarter</u></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Sandoz net sales were USD 2.5 billion (-1%, -1% cc) in the third quarter, as volume growth of 5&#160;percentage points was offset by 6 percentage points of price erosion. Performance was impacted by significantly lower launch activity in the US compared to a strong prior-year quarter.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Sales in the US were USD 917 million (-4% cc), as a lower launch activity more than offset continued strong performance in Biopharmaceuticals. Sales in Western Europe were USD 706 million (+3% cc), with strong growth in France, Switzerland, Italy and Netherlands. Central and Eastern Europe sales were USD 276 million (+9% cc), largely driven by Russia and despite the continued impact of the negative macroeconomic environment in the region. In emerging markets, Latin America sales grew 10% (cc) to USD&#160;92&#160;million, driven by double-digit growth in Brazil, while Middle East and Africa sales declined 6%&#160;(cc). Asia Pacific sales were USD 197 million (-3% cc), as the slowdown in China and commercial exit of low-margin businesses more than offset growth in Australia, Philippines and Japan.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Global sales of Biopharmaceuticals (including biosimilars, biopharmaceutical contract manufacturing and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Glatopa</font>) grew 41% (cc) to USD 262 million. Sandoz continued to see strong growth for its three in-market biosimilars &#8211; <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Omnitrope</font> (somatropin), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Binocrit</font> (epoetin alfa) and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zarzio/Zarxio</font> (filgrastim) &#8211; as well as for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Glatopa</font>. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Anti-Infectives franchise sales (partner label and finished dosage form sales) were USD 339 million (-2% cc), reflecting discontinuation of low-margin products.</font></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Operating income</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 354 million (-9%, -9% cc). Core adjustments amounted to USD&#160;176&#160;million, mainly due to USD 169 million of amortization and impairments of intangible assets and USD 15 million of net restructuring charges.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core operating income was USD 530 million (0%, +1% cc). Core operating income margin <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">in constant currencies</font> increased by 0.2 percentage points; currency had a positive impact of 0.1 percentage points, resulting in a net increase to 21.1% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core gross margin as a percentage of net sales decreased by 1.0 percentage points (cc), as unfavorable sales mix and continued price erosion more than offset ongoing productivity improvements. Core R&amp;D expenses increased by 0.3 percentage points (cc), due to investments in key pipeline projects for biosimilars<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">.</font> Core M&amp;S expenses were flat (cc), while core G&amp;A expenses decreased by 0.8&#160;percentage points (cc), largely driven by continued productivity improvements. Core Other Income and Expense <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">net increased the margin by 0.7&#160;percentage points (cc), largely due to small divestments of non-strategic assets in the quarter.</font></div>

<br>
<br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> In compliance with IFRS, Novartis updated its segment financials to reflect the new divisional structure announced on January 27, 2016, to aid comparability of year-on-year results.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;</div>
</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">14</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

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<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Nine months</u></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Sandoz net sales were USD 7.5 billion (0%, +2% cc) in the first nine months, as volume growth of 8 percentage points more than offset 6 percentage points of price erosion.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">All regions grew, led by Western Europe (+3% cc), Latin America (+12% cc), Central and Eastern Europe (+4% cc), the US (+1% cc), Middle East and Africa (4% cc) and Asia Pacific (+1% cc)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">.</font></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Global sales of Biopharmaceuticals grew 32% (cc) to USD 724 million, benefitting from the performance of prior-year launches in the US (<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Glatopa</font> in June 2015 and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zarxio </font>in September 2015). Anti-Infectives franchise sales were USD 1.0 billion (-2% cc), reflecting discontinued low-margin products and the weak flu season in the first quarter.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Operating income</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 1.1 billion (+7%, +12% cc). Core adjustments amounted to USD 470 million, including USD 405 million of amortization and impairments of intangible assets and USD 61 million of net restructuring charges.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core operating income was USD 1.5 billion (0%, +4% cc). Core operating income margin <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">in constant currencies</font> increased by 0.3 percentage points; currency had a negative impact of 0.3 percentage points, resulting in flat 20.6% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core gross margin as a percentage of net sales decreased by 0.4 (cc), as unfavorable sales mix and continued price erosion more than offset ongoing productivity improvements. Core R&amp;D expenses increased by 0.2 percentage points (cc), driven by increased strategic investments in biosimilars and other key pipeline projects<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">.</font> Core M&amp;S expenses increased by 0.1&#160;percentage points (cc), largely driven by investments in biosimilars. Core G&amp;A expenses decreased by 0.5&#160;percentage points (cc), driven by continued productivity improvements. Core Other Income and Expense net increased the margin by 0.5 percentage points (cc).</div>
</div>

<div>
<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">15</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

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</div>
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<div style="FONT-WEIGHT: bold">&#160;</div>

<div style="FONT-WEIGHT: bold"><u>Alcon</u></div>

<div>
<div>
<table id="z2e1bfbdaf5774a48af26eed5bc615e16" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: top" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup>&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup>&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<tr style="HEIGHT: 17px">
<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 436</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">1 469</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4 368</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">4 531</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating loss/income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-50</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">57</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-12</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">252</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">nm</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;&#160;As % of net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3.5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3.9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-0.3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">5.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Core operating income</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">206</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">302</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-32</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-35</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">687</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">971</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-29</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-25</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;&#160;As % of net sales</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">14.3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">20.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">15.7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">21.4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Following the new divisional structure announced on January 27, 2016, results from the Alcon Division in 2016 and 2015 exclude the Ophthalmic Pharmaceuticals products transferred to the Innovative Medicines Division.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Third quarter</u></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Alcon net sales were USD 1.4 billion (-2%, -3% cc) in the third quarter. Surgical sales (-4% cc) were down, impacted by lower IOL sales, mainly due to competitive pressures, and a continued decline in cataract equipment, primarily<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> LenSx</font>, which has reached high penetration in its market segment. The strong installed cataract equipment base continued to generate good growth of consumables (+4% cc)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">.</font> Vision Care sales (0% cc) were flat, as contact lenses delivered another quarter of growth, benefitting from the continued strong performance of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font>, offsetting a slight decline in contact lens care. Launches of<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Dailies Total1 </font>Multifocal in the US and EU are expected to continue the growth trajectory in contact lenses.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Regionally, North America sales (-5% cc) were down, reflecting weaker Vision Care performance. Japan (-1% cc) and Europe, Middle East and Africa (-1% cc) declined slightly as a result of slower Surgical sales. Emerging Growth Markets declined slightly (-2% cc).</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Operating loss/income</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating loss was USD 50 million, compared to an income of USD 57 million in the prior-year quarter. Core adjustments amounted to USD 256 million, driven by USD 225 million for amortization of intangible assets and USD 19 million for restructuring costs. Prior-year core adjustments were USD 245 million due to amortization and other net costs.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core operating income was USD 206 million (-32%, -35% cc), primarily impacted by declining sales and increased investments in M&amp;S behind the growth plan. Core operating income margin in constant currencies decreased by 6.8 percentage points; currency had a positive impact of 0.5 percentage points,&#160;resulting in a net decrease of 6.3 percentage points to 14.3% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core gross margin <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">as a percentage of net sales</font> decreased by 2.4 percentage points (cc) versus prior year, driven by product mix with the continued growth of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1 </font>and increased competitive pressure on IOLs in North America. Core R&amp;D expenses increased by 0.4 percentage points (cc), driven by pipeline investments, mainly in IOLs. Core M&amp;S expenses increased by 6.0 percentage points (cc) behind investments to drive growth, including DTC for key Vision Care brands. Core G&amp;A expenses decreased by 0.4 percentage points (cc). Core Other Income and Expense, net increased the margin by 1.6 percentage points (cc).</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Nine months</u></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Alcon net sales were USD 4.4 billion (-4%, -2% cc) in the first nine months. Surgical sales (-3% cc) reflected weaker performance of IOLs, mainly due to competitive pressures, and the slowdown of equipment sales, primarily<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> LenSx</font> in Cataract and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Wavelight</font> in Refractive, partially offset by continued solid growth of cataract consumables (+4% cc). Vision Care sales (-1% cc) were impacted by competitive pressures in the US, partially offset by continued strong global growth of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font>.</div>

<br>
<br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> In compliance with IFRS, Novartis updated its segment financials to reflect the new divisional structure announced on January 27, 2016, to aid comparability of year-on-year results.</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">16</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
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<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Operating loss/income</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating loss was USD 12 million, compared to an income of USD 252 million in the prior-year period. Core adjustments amounted to USD 699 million, primarily due to amortization of intangible assets and restructuring costs. Prior-year core adjustments were USD 719 million due to amortization, restructuring charges and other net costs.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core operating income was USD 687 million (-29%, -25% cc), primarily impacted by increased investments in M&amp;S and R&amp;D behind the growth plan and the impact of the decline in sales. Core operating income margin in constant currencies decreased by 5.1 percentage points; currency had a negative impact of 0.6 percentage points,&#160;resulting in a net decrease of 5.7 percentage points to 15.7% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core gross margin <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">as a percentage of net sales</font> decreased by 0.7 percentage points (cc). Core R&amp;D expenses increased by 0.6 percentage points (cc), driven by investments in key pipeline projects. Core M&amp;S expenses increased by 4.2 percentage points (cc) behind investments to drive growth. Core G&amp;A expenses increased by 0.1 percentage points (cc). Core Other Income and Expense, net increased the margin by 0.5 percentage points (cc).</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>Alcon product review</u></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">All comments below focus on third quarter movements in constant currencies.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">SURGICAL</div>

<table id="z25411e3dc71340c9871777138b9d21d2" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 12px">
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Cataract products</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">648</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">684</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 016</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 138</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;IOLs</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">234</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">254</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">747</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">832</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-7</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Consumables</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">345</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">337</div>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">2</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">4</div>
</td>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">1 036</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">1 013</div>
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<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Equipment</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">69</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">93</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-26</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-25</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">233</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">293</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-20</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">-18</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Vitreoretinal products</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">151</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">147</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">455</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">442</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Refractive/Other</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">46</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">53</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-13</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-13</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">160</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">181</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-12</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-10</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total Surgical</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">845</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">884</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-4</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 631</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2 761</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>
</table>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Surgical sales were USD 845 million (-4% cc) in the third quarter. IOL sales (-8% cc) declined, mainly due to competitive pressures. Sales of cataract equipment (-25% cc) slowed, primarily due to <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">LenSx</font>, which has reached high penetration in its market segment. Cataract consumables (+4% cc) continued to grow, benefitting from the strong installed equipment base.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">VISION CARE</div>

<table id="zbbb83b631e8a426599c53d36b467d260" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Q3 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2015</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom" valign="bottom" colspan="6">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">% change</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Contact lenses</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">456</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">448</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 342</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 350</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Contact lens care</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">135</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">137</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">395</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">420</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Total Vision Care</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">591</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">585</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1.5pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Vision Care sales were USD 591 million (0% cc) in the third quarter. Contact lenses (+1% cc) delivered another quarter of growth with continued strong sales of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font> globally, despite increased competitive pressure in the US market. Launches of<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Dailies Total1 </font>Multifocal in the US and EU are expected to continue the growth trajectory in contact lenses. Contact lens care (-3% cc) declined as result of competitive pressure and the continued market shift to daily disposable lenses.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Consolidated interim financial statements reflecting the portfolio transformation</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Following the announcement of our portfolio transformation transactions on April 22, 2014, Novartis reported the Group&#8217;s financial results for the current and prior years as &#8220;continuing operations&#8221; and &#8220;discontinued operations.&#8221;</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Continuing operations </font>comprise the businesses of the Innovative Medicines, Sandoz and Alcon Divisions and the continuing Corporate activities. Continuing operations also include the results from Oncology assets acquired from GSK and the results from the 36.5% interest in GSK Consumer Healthcare Holdings Ltd. for the period from March 2, 2015 (the latter reported as part of income from associated companies).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Discontinued operations </font>included in 2015 the operational results from the Vaccines influenza business, prior to its divestment to CSL Limited on July 31, 2015, as well as results from the Vaccines non-influenza business and the OTC business until March 2, 2015. Operational results from the Animal Health business, which was divested on January 1, 2015, include only the divestment gain.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Discontinued operations also included in the first nine months of 2015 the exceptional pre-tax gains of USD 12.8 billion from the divestment of Animal Health (USD 4.6 billion) and from the transactions with GSK (USD 2.8 billion from the Vaccines non-influenza business and USD 5.9 billion arising from the contribution of Novartis OTC into GSK Consumer Healthcare Holdings Ltd.). In addition, the GSK transactions resulted in USD 0.5 billion of additional pre-tax transaction-related costs, which were expensed and reported in Corporate discontinued operations.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Excluded from discontinued operations are certain intellectual property rights and related other revenues of the Vaccines Division, which are retained by Novartis and are now reported under Corporate activities.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">As required by IFRS, the results of the discontinued operations excluded any depreciation and amortization related to discontinued operations from the date of the portfolio transformation announcement of April 22, 2014 through the completion of the related transactions.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">18</div>

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<div style="FONT-WEIGHT: bold"><u>CASH FLOW AND GROUP BALANCE SHEET</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Cash flow</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Third quarter</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows from operating activities of continuing operations amounted to USD 3.2 billion, broadly in line with the USD 3.1 billion in the prior-year quarter, as lower operating income adjusted for non-cash items and lower hedging results were offset by lower taxes paid.</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows used in investing activities from continuing operations amounted to USD 0.7 billion in the third quarter of 2016. This amount includes net cash outflows of USD 0.4 billion for the purchase of property, plant and equipment, USD 0.5 billion for intangible, financial and other non-current assets, and USD 0.1 billion for acquisitions and divestments of businesses, net (mainly for the acquisition of Transcend Medical, Inc.), partially offset by USD 0.3 billion of proceeds from the sale of non-current assets. In the prior-year quarter, cash flows used in investing activities from continuing operations amounted to USD 0.6 billion, including a net cash outflow of USD 0.8 billion for the purchase of property, plant and equipment, intangible, financial and other non-current assets, partially offset by USD 0.4 billion of proceeds from the sale of non-current assets.</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows used in investing activities from discontinued operations amounted to USD 0.1 billion in the third quarter of 2016 due to portfolio transformation transactions payments, including capital gains taxes. In the prior-year quarter, cash flows used in investing activities from discontinued operations included USD 0.3 billion of proceeds from the divestment of the influenza Vaccines business, offset by capital gain taxes and other payments related to the divested business.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows used in financing activities amounted to USD 0.3 billion, compared to USD 2.2 billion in the prior-year quarter. The current-year quarter includes the issuance of two euro denominated bonds for total proceeds of USD 1.9 billion, reduction of short-term borrowings of USD 1.9 billion and an outflow of USD 0.4 billion for treasury share transactions, net. The prior-year quarter included a net outflow of USD 0.3 billion for financial debts and an outflow of USD 1.9 billion for treasury share transactions, net.</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Free cash flow was USD 2.6 billion (-7% USD), a decrease of USD 0.2 billion compared to the prior-year quarter. The decrease was driven by higher net investments in intangible assets, mainly due to the ofatumumab milestone payment, which more than offset an increase in cash flows from operating activities.</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Total Group free cash flow amounted to USD 2.6 billion, compared to USD 2.8 billion in the prior-year quarter.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Nine months</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows from operating activities of continuing operations amounted to USD 7.9 billion, broadly in line with USD 8.0 billion in the prior-year period. The decrease of USD 0.1 billion was driven by lower operating income adjusted for non-cash items, lower hedging results and payments out of provisions, partially offset by dividends received from GSK Consumer Healthcare Holdings Ltd., lower cash outflows for taxes paid and net current assets and other operating cash-flow items.</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows used in investing activities from continuing operations amounted to USD 1.8 billion in the first nine months of 2016. This amount includes net cash outflows of USD 1.3 billion for the purchase of property, plant and equipment, USD 1.1 billion for intangible, financial and other non-current assets and USD 0.5 billion for acquisitions and divestments of businesses, net (mainly for the acquisition of Transcend Medical, Inc.), partially offset by USD 1.0 billion of proceeds from the sale of non-current assets. In the prior-year period, cash flows used in investing activities from continuing operations amounted to USD 18.2 billion, primarily due to the acquisition of the GSK oncology assets for USD 16.0 billion.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Cash flows used in investing activities from discontinued operations amounted to USD 0.5 billion in the first nine months of 2016 due to portfolio transformation transactions payments, including capital gains taxes. In the prior-year period, cash flows from investing activities of discontinued operations of USD 9.1 billion were mainly driven by net proceeds from the portfolio transformation divestments.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">19</div>

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<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows used in financing activities amounted to USD 3.0 billion, compared to USD 6.4 billion in the prior-year period. The current-year amount includes cash outflows of USD 6.5 billion for the dividend payment and USD 0.7 billion for treasury share transactions, net. The net inflow from current and non-current financial debts of USD 4.2 billion was due to the increase in short-term borrowings of USD 4.0 billion and the issuance of two euro denominated bonds for total proceeds of USD 1.9 billion, partially offset by the repayment at maturity of a euro denominated bond of USD 1.7 billion.</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The prior-year amount included an outflow of USD 6.6 billion for the dividend payment and USD 2.4 billion for treasury share transactions, net, partially offset by a net inflow from financial debts of USD 2.7 billion.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Free cash flow was USD 6.5 billion (+3% USD), an increase of USD 0.2 billion compared to the prior-year period. The increase was driven by lower net investments in property, plant, equipment and intangible assets, partially offset by lower cash flows from operating activities.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Total Group free cash flow amounted to USD 6.5 billion, compared to USD 6.0 billion in the first nine months of 2015. The prior-year period included a negative free cash flow of USD 0.3 billion from discontinued operations.</div>

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<div style="BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Balance sheet</u></div>

<div><br>
</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Assets</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Total non-current assets of USD 108.1 billion at September 30, 2016 decreased by USD 0.6 billion compared to December 31, 2015. Intangible assets other than goodwill decreased by USD 1.4 billion, mainly due to amortization, partially offset by additions to intangible assets. The change in goodwill and property, plant and equipment are mainly due to currency translation adjustments. Financial and other non-current assets increased by USD 0.4 billion compared to prior-year end.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Total current assets of 25.9 billion at September 30, 2016 increased by USD 3.0 billion compared to December 31, 2015, mainly due to an increase in cash and cash equivalents, marketable securities, commodities and derivatives.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Liabilities</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Total non-current and current financial debt, including derivatives, totaled USD 26.6 billion at September 30, 2016, an increase of USD 4.6 billion compared to December 31, 2015. This increase was mainly due to the issuance of two euro denominated bonds for a total amount of USD 2.0 billion and a net increase in short-term borrowings of USD 2.7 billion.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Other non-current liabilities amounted to USD 16.1 billion at September 30, 2016, an increase of USD 1.7 billion compared to December 31, 2015. This increase was primarily due to an increase in the pension liability of USD 1.8 billion, mainly resulting from a decrease in the actuarial discount rates used to calculate the present value of the benefit obligation and deferred taxes.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Trade payables and other current liabilities amounted to USD 16.3 billion, a decrease of USD 1.8 billion compared to USD 18.1 billion at December 31, 2015.</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Group has an equivalent of approximately USD 0.3 billion of cash in Venezuela in local currency, which is only slowly being approved for remittance outside of the country. The subsidiaries in Venezuela restate items in the balance sheet in line with the requirements of IAS 29 &#8220;Financial Reporting in Hyperinflationary Economies.&#8221; The Group is exposed to potential devaluation losses in the income statement on its total intercompany balances with its subsidiaries in Venezuela, which at September 30, 2016 amounted to USD 0.3 billion.</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">The Group continues to use the exchange rate of VEF 11/USD for the consolidation of the financial statements of its Venezuelan subsidiaries. This exchange rate was defined in a transaction that was made with Centro Nacional de Comercio Exterior (CENCOEX, formerly CADIVI) in the fourth quarter of 2015.</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">20</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

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<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Group equity</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Group&#8217;s equity amounted to USD 75.1 billion at September 30, 2016, compared to USD 77.1 billion at December 31, 2015, a decrease of USD 2.0 billion. The net income of USD 5.8 billion was more than offset by the USD 6.5 billion dividend payment and USD 1.3 billion net actuarial losses from defined benefit plans.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Net debt and debt/equity ratio</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Group&#8217;s liquidity amounted to USD 7.8 billion at September 30, 2016, compared to USD 5.4 billion at December 31, 2015, and net debt increased over the same period by USD 2.3 billion to USD 18.8 billion. The debt/equity ratio increased to 0.35:1 at September 30, 2016 compared to 0.28:1 at December 31, 2015.</div>
</div>

<div>&#160;</div>

<div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">21</div>

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<div>&#160;</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>INNOVATION REVIEW</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Benefiting from our continued focus on innovation, Novartis has one of the industry&#8217;s most competitive pipelines with more than 200 projects in clinical development.</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Key developments from the third quarter of 2016 include:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>New approvals and regulatory opinions</u></div>

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<div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The FDA granted three simultaneous approvals for the expanded use of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Ilaris</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-STYLE: italic">&#160;</sup>(canakinumab) to treat three rare and distinct types of Periodic Fever Syndromes: Tumor Necrosis Factor-Receptor Associated Periodic Syndrome, Hyperimmunoglobulin D Syndrome / Mevalonate Kinase Deficiency and Familial Mediterranean Fever. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ilaris</font> is the first and only FDA approved biologic treatment for these rare autoinflammatory diseases, which are also referred to as Hereditary Periodic Fevers.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The FDA approved the expanded use of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Arzerra</font> (ofatumumab) in combination with fludarabine and cyclophosphamide for the treatment of patients with relapsed chronic lymphocytic leukemia (CLL).<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;</font>The application, which received Priority Review in May 2016, was submitted to the FDA by Novartis in March under the ofatumumab collaboration between Novartis and Genmab. This is the fourth CLL indication approved in the US for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Arzerra</font>.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In October, Swissmedic approved <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Cosentyx</font> (secukinumab) for the treatment of psoriatic arthritis (PsA) and ankylosing spondylitis (AS).</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In October, the CHMP recommended approval for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Lucentis</font> (ranibizumab) to treat patients with visual impairment due to choroidal neovascularization (CNV) associated with causes other than neovascular age-related macular degeneration or myopic CNV. If approved, this would be the sixth indication for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> for the treatment of visually impaired patients.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The FDA approved Sandoz biosimilar etanercept, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Erelzi</font> (etanercept-szzs), for all indications included in the reference product label, namely: rheumatoid arthritis, plaque psoriasis, psoriatic arthritis, ankylosing spondylitis and polyarticular juvenile idiopathic arthritis. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Erelzi</font> is the second biosimilar from Sandoz approved in the US through the biosimilars pathway established under the Biologics Price Competition and Innovation Act. The FDA approval follows a unanimous vote (20-0) by the FDA's Arthritis Advisory Committee to recommend use in all indications of the reference product. The approval is based on a comprehensive package of analytical, nonclinical, and clinical data confirming that <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Erelzi</font> is highly similar to the US-licensed reference product. An application for Sandoz biosimilar etanercept has been accepted by the EMA (Q4 2015) and is currently undergoing review.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Alcon achieved US approval for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">CyPass </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Micro-Stent</font>, a minimally invasive glaucoma surgical (MIGS) device to treat patients with mild to moderate primary open-angle glaucoma in conjunction with cataract surgery. Alcon announced its acquisition of Transcend Medical, which developed <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">CyPass</font>, in the first quarter of 2016.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Alcon&#8217;s <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">AcrySof IQ </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Toric IOL with</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic"> UltraSert</font>, which combines a best-in-class delivery device with an advanced astigmatism-correcting IOL for cataract surgery, was approved in the US.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The FDA granted Breakthrough Therapy designation to <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">LEE011</font> (ribociclib) in combination with letrozole as first-line treatment for women with postmenopausal HR+/HER2- advanced or metastatic breast cancer, based on positive results of the Phase III MONALEESA-2 trial.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Tafinlar</font> + <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Mekinist</font> (dabrafenib + trametinib) combination therapy was filed with the EMA and Swissmedic for the treatment in patients with BRAF V600E mutation-positive non-small cell lung cancer (NSCLC). The combination has also been submitted to the FDA for the same indication.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">PKC412</font> (midostaurin) was filed with the EMA and Swissmedic for the treatment of newly diagnosed FLT3 mutation-positive acute myeloid leukemia and advanced systemic mastocytosis. A rolling submission in the US is ongoing.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Results from the pivotal Phase III MONALEESA-2 study showed <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">LEE011</font> plus letrozole significantly extended progression-free survival (PFS) compared to a standard of care, letrozole, as a first-line treatment in postmenopausal women with HR+/HER2- advanced or metastatic breast cancer [median PFS, 95% CI: not reached (19.3 months - not reached) vs. 14.7 months (13.0 - 16.5 months); HR=0.556; p=0.00000329]. The results demonstrate that LEE011 plus letrozole reduced the risk of disease progression or death by 44% over letrozole alone, significantly extending PFS across all patient subgroups. The data were presented during the Presidential Symposium at the European Society for Medical Oncology (ESMO) Congress, featured in the official ESMO press briefing and published simultaneously online in The New England Journal of Medicine.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Topline results of the Phase III EXPAND study were presented at the European Committee for Treatment and Research in Multiple Sclerosis (ECTRIMS) Congress. The study evaluated the efficacy and safety of oral, once-daily <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">BAF312</font> (siponimod) in secondary progressive multiple sclerosis (SPMS), an area of significant unmet medical need. EXPAND met its primary endpoint and showed that treatment with BAF312 reduced the risk of three-month confirmed disability progression by 21% and six-month confirmed disability progression by 26% compared with placebo. A consistent reduction in the risk of confirmed disability progression was seen across predefined subgroups, including patients without relapses. BAF312 was generally safe and well tolerated, with a profile comparable to other drugs in the same class.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The pivotal Phase III ARISE study investigating the efficacy and safety of the fully human monoclonal antibody <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">AMG 334</font> (erenumab) in episodic migraine prevention met its primary endpoint of a statistically significant reduction in the number of monthly migraine days versus placebo. The safety profile of the drug was similar to placebo. Results from a second Phase III study of AMG 334 in episodic migraine are expected later this year. AMG 334 is being co-developed by Novartis and Amgen. Novartis has commercial rights to AMG 334 outside of the US, Canada and Japan.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis presented at the European Headache and Migraine Trust International Congress (EHMTIC) Congress detailed Phase II results showing <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">AMG 334</font> demonstrated a statistically significant reduction in monthly migraine days compared with placebo in patients with chronic migraine. Significantly more patients receiving monthly subcutaneous AMG 334 experienced a 50% or more reduction in the number of monthly migraine days compared with placebo.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#160;</sup>The safety profile of the drug was similar to placebo.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Data presented at the European Academy of Dermatology and Venereology (EADV) Congress showed that <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Cosentyx</font> delivers high and long-lasting skin clearance in patients with moderate-to-severe plaque psoriasis out to four years of treatment.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Journal of the American Academy of Dermatology (JAAD) published results from the head-to-head CLEAR study demonstrating that <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Cosentyx</font> is superior to Stelara<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> (ustekinumab) in delivering long-lasting clear or almost clear skin over one year of treatment in adults with moderate-to-severe psoriasis.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Post-hoc analyses of data from PARADIGM-HF, the largest clinical study ever conducted in heart failure (HF), showed that among patients who had been hospitalized for HF, those on <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Entresto</font> (sacubitril/valsartan) reported higher relative health-related quality of life (HRQL) scores compared to those taking ACE inhibitor enalapril. The analyses also demonstrated that declines in HRQL scores were associated with worse outcomes, including an increased risk of cardiovascular death and HF hospitalization in the overall population.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Three-year follow-up data from a Phase III study of the combination of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Tafinlar +</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Mekinist</font> in patients with BRAF V600E/K mutation-positive advanced melanoma were presented at ESMO. The study demonstrated an overall survival benefit for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar + Mekinist</font> at three years, with an estimated three-year survival rate of 45% (95% CI, 39.1% - 49.8%) for patients receiving combination therapy versus 31% (95% CI, 26.1% - 36.4%) for patients receiving vemurafenib. The first-line results also represented one of the longest survival follow-up studies to date with BRAF mutant advanced melanoma patients.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The Phase III ASCEND-4 study of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Zykadia</font> (ceritinib) in previously untreated adult patients with advanced anaplastic lymphoma kinase-positive (ALK+) NSCLC met its primary endpoint, demonstrating clinically significant improvement in PFS compared to standard chemotherapy, including maintenance. In addition to PFS, clinically meaningful results were achieved across key secondary efficacy measures, including objective response rate and duration of response. Adverse events were consistent with the previously known adverse event profile of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zykadia</font>. A full analysis of the ASCEND-4 data along with detailed efficacy and safety results will be submitted for presentation at a major medical congress.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Updated results from the Phase II ASCEND-3 study were presented at ESMO. The results demonstrated that patients with ALK+ NSCLC taking <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Zykadia</font> as their first ALK inhibitor (post-chemotherapy) had a median PFS of 18.4 months [95% CI: 10.9 - 26.3; median follow-up time of 25.9 months, as measured by blinded independent review committee (BIRC)].</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Results from the randomized Phase III ASCEND-5 study of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Zykadia</font> were included as part of a late-breaking oral session at ESMO, as well as in the ESMO press program. The ASCEND-5 study assessed median PFS in patients previously treated with crizotinib and one or two prior regimens of cytotoxic chemotherapy (including platinum doublet), who then received either <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zykadia</font> or standard chemotherapy. There was a statistically significant and clinically meaningful improvement in median PFS by BIRC for patients taking <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zykadia</font> versus chemotherapy (HR 0.49, 95% CI 0.36 - 0.67; p&lt;0.001 one sided): median PFS by BIRC for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zykadia</font> and chemotherapy were 5.4 months (95% CI: 4.1 - 6.9) and 1.6 months (95% CI: 1.4 - 2.8), respectively.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The results of a Phase II trial of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">QAW039</font> (fevipiprant) in severe eosinophilic asthma were published in Lancet Respiratory Medicine. Fevipiprant was shown to significantly decrease sputum eosinophils compared to placebo in patients with severe asthma.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Following the publication of the FLAME trial in the New England Journal of Medicine in May 2016, additional analyses of the trial data were presented at the European Respiratory Society (ERS) Congress. Compared to Seretide<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Ultibro</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Breezhaler</font> (indacaterol/glycopyrronium) reduced the rate of all COPD exacerbations across different patient sub-groups, lowered patients' need for rescue medication, and demonstrated an improved benefit-risk profile with less evidence of systemic effects.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Results of the Phase III EXIST-3 study showing <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Afinitor/Votubia</font>, when used as an adjunctive therapy, significantly reduced treatment-resistant seizures associated with tuberous sclerosis complex compared to placebo were published online in The Lancet.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">First results of the Phase IV EVEREST II study of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Lucentis</font> monotherapy or in combination with verteporfin photodynamic therapy (vPDT) in patients with symptomatic macular polypoidal choroidal vasculopathy showed a statistically significant vision improvement. Patients gained 8.3 letters in the <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Lucentis</font> plus vPDT group and 5.1 letters in the <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> monotherapy group at month 12 (p=0.013). A statistically significant, complete polyp regression was reported in 69.3% of patients treated with <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> plus vPDT and 34.7% of patients treated with <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> only (p&lt;0.001).</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Proof of concept results published in The New England Journal of Medicine show that <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">KAF156</font> demonstrates activity against both vivax and falciparum malaria, including artemisinin-resistant parasites. KAF156, currently in Phase IIb, is the first compound from a novel class of antimalarials known as imidazolopiperazines.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Top-line results for confirmatory Phase III study for Sandoz <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">biosimilar infliximab</font> demonstrated equivalent efficacy to reference product Remicade<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup>, as measured by the American College of Rheumatology 20 (ACR20) response at Week 14. The study (REFLECTIONS B537-02) is a multinational, randomized, double-blind, two-arm, parallel group study designed to evaluate the safety, efficacy and immunogenicity of PF-06438179 versus Remicade<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> in combination with methotrexate when administered intravenously to treat patients with moderate to severely active rheumatoid arthritis (RA) who have had an inadequate response to methotrexate therapy. The study is also designed to evaluate clinical response, safety and immunogenicity after transitioning from Remicade<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> to biosimilar infliximab after 30 or 54 weeks of Remicade<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> treatment. Sandoz acquired EEA-wide rights from Pfizer in Q1 2016.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Active ingredient/<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font> Descriptor</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Approval date</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Ilaris</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Canakinumab</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Periodic Fever Syndromes</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US - Sep. 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Afinitor</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Everolimus</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">NET</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">JP - Aug. 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Arzerra</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Ofatumumab</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Chronic lymphocytic leukemia (relapsed)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US - Aug. 2016</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Erelzi</div>
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<td style="WIDTH: 25.67%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Biosimilar etanercept</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Arthritides (rheumatoid arthritis, ankylosing spondylitis, psoriatic arthritis), plaque psoriasis and others (same as originator)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US - Aug. 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">CyPass </font>Micro-Stent</div>
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<td style="WIDTH: 25.67%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Minimally invasive surgical glaucoma device</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Glaucoma</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US - Jul. 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">AcrySof IQ </font>Toric IOL with <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">UltraSert</font></div>
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<td style="WIDTH: 25.67%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Pre-loaded delivery device with toric IOL</div>
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<td style="WIDTH: 34.23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Cataract</div>
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<td style="WIDTH: 23.98%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US - Aug. 2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">AirOptix Plus HydraGlyde</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Contact lens for refractive correction</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Refractive error</div>
</td>
<td style="WIDTH: 23.98%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US - Jul. 2016</div>
</td>
</tr>
</table>

<div><br>
</div>

<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Selected projects awaiting regulatory decisions</div>

<table id="z12eaf83357074e08b5c09cdbeebbc3f6" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 16.11%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 19.02%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 32.33%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">Completed submissions</div>
</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: top">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.11%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Product</div>
</td>
<td style="WIDTH: 19.02%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Indication</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">US</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">EU</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Japan</div>
</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">News update</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.11%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Afinitor/Votubia</div>
</td>
<td style="WIDTH: 19.02%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">TSC seizures</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q2 2016</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.11%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Arzerra</div>
</td>
<td style="WIDTH: 19.02%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Chronic lymphocytic leukemia (relapsed)</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Approved</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q1 2016</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.11%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Ilaris</div>
</td>
<td style="WIDTH: 19.02%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Periodic fevers syndromes</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Approved</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q2 2016</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q2 2016</div>
</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- FDA approval followed three Breakthrough Therapy designations and Priority Reviews</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.11%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Lucentis</div>
</td>
<td style="WIDTH: 19.02%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Choroidal neo-vascularization in rare diseases</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q1 2016</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- CHMP positive opinion in Oct. 2016</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.11%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">PKC412</div>
</td>
<td style="WIDTH: 19.02%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Acute myeloid leukemia / advanced systemic mastocytosis</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q3 2016</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q3 2016</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.11%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Tafinlar + Mekinist</div>
</td>
<td style="WIDTH: 19.02%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">BRAF V600+ non-small cell lung cancer (NSCLC)</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q3 2016</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q3 2016</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.11%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Tasigna</div>
</td>
<td style="WIDTH: 19.02%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">CML treatment-free remission</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q2 2016</div>
</td>
<td style="WIDTH: 10.78%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>
</table>

<div>&#160;</div>

<div>&#160;</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">25</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Selected Innovative Medicines pipeline projects</div>

<table id="z6f2de50773b746d1a89ad202584ad268" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 16.07%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Project/ Compound</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 25.95%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Potential indication/ Disease area</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 15.24%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">First planned submissions</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 10.4%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Current Phase</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 32.43%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">News update</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">ABL001</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Chronic myeloid leukemia</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">I</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr style="HEIGHT: 33px">
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">ACZ885<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font> (canakinumab)</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Secondary prevention of cardiovascular events</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2017</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Recruitment completed</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">AMG 334</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Migraine</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- In partnership with Amgen</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">ASB183</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Solid and hematologic tumors</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">I/II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Arzerra</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Non-Hodgkin&#8217;s lymphoma (refractory)</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2018</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Study endpoint is event-driven</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">BAF312</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Secondary progressive MS</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2019</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Positive first results announced in Aug 2016</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">BGJ398</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Solid tumors</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">BYL719 + fulvestrant</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">HR+/HER2- postmenopausal aBC 2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">nd</sup> line</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2019</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr style="HEIGHT: 18px">
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" rowspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">BYM338</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Hip fracture</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Sarcopenia</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">CAD106</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Alzheimer&#8217;s disease</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II / III</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">CJM112</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Immune disorders</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">CNP520</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Alzheimer&#8217;s disease</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">I / II</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- In partnership with Amgen</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx </font>(AIN457)</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Non-radiographic axial spondyloarthritis</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2018</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" rowspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">CTL019</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Pediatric acute lymphoblastic leukemia</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2017</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Diffuse large B-cell lymphoma</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2017</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.43%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">EMA401</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Neuropathic pain</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" rowspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Entresto</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">(LCZ696)</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Chronic heart failure with preserved ejection fraction</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2019</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Post-acute myocardial infarction</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">FTY720</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">(fingolimod)</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Pediatric MS</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2017</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">INC280</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">NSCLC</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2018</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" rowspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Jakavi</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Early myelofibrosis</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Phase III trial ongoing</div>
</td>
</tr>

<tr>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Graft-versus-host disease (GvHD)</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2019</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">I / II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jakavi</font> license agreement amended in Q2 2016, granting Novartis ex-US rights for GvHD</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">KAE609</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Malaria</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">KAF156</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Malaria</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LCI699</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Cushing&#8217;s disease</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2018</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Trial ongoing</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LEE011 + letrozole</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">HR+/HER2- postmenopausal aBC 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">st</sup> line</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2016</div>

<div>&#160;</div>

<div>&#160;</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>

<div>&#160;</div>

<div>&#160;</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Breakthrough Therapy designation granted by FDA in Aug 2016</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Results showing LEE011 plus letrozole significantly extended PFS compared to letrozole alone were presented at ESMO</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Results will be discussed with regulatory authorities worldwide.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LEE011 + tamoxifen + goserelin or<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font> NSAI + goserelin</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">HR+/HER2- premenopausal aBC 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">st</sup> line</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2018</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Fully enrolled</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LEE011 + fulvestrant</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">HR+/HER2- postmenopausal aBC 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">st</sup>/2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">nd</sup> line</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2018</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Fully enrolled</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LIK066</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Metabolic disorders</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LJM716</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Solid tumors</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">I</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LJN452</div>
</td>
<td style="WIDTH: 25.95%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Non-alcoholic steatohepatitis (NASH)</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- FPFV achieved in Aug 2016</div>
</td>
</tr>
</table>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">&#160;</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">26</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">
<table id="zf8d112a9f30c48fc891f9dc494631447" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Lucentis</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Retinopathy of prematurity</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2019</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Phase III PIP study enrolling</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">OMB157 (ofatumumab)</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Relapsing multiple sclerosis</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2019</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Phase III studies started in Aug 2016</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">OAP030 (also known as <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Fovista</font> and pegpleranib)</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Neovascular age-related macular degeneration (nAMD)</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2017</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Phase III initial top-line data expected Q4 2016</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">PIM447</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Hematologic tumors</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">I</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" rowspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">QAW039</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Asthma</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2019</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Atopic dermatitis</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">QBW251</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Cystic fibrosis</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">QGE031</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Chronic spontaneous urticaria / chronic</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">idiopathic urticaria</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">QMF149</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Asthma</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2019</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">QVM149</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Asthma</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2019</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">RLX030<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font> (serelaxin)</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Acute heart failure</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2017</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- RELAX-AHF-2 completed recruitment in Q3 2016 (6,610 patients)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" rowspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">RTH258</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">nAMD</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2018</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Recruitment completed; trial ongoing</div>
</td>
</tr>

<tr>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Diabetic macular edema</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Signifor</font> LAR</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Cushing&#8217;s disease</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2016</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" rowspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Tafinlar + Mekinist</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">BRAF V600+ melanoma (adjuvant)</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2017</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Trial ongoing</div>
</td>
</tr>

<tr>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">BRAF V600+ colorectal cancer</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">I / II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">VAY736</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Primary Sjoegren&#8217;s syndrome</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#8805;2020</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Votrient</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Renal cell carcinoma (adjuvant)</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;2017</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Submission planned for Q1 2017 following discussions with health authorities regarding additional data based on longer follow-up</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.21%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" rowspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Zykadia</div>

<div>&#160;</div>
</td>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">ALK+ advanced NSCLC<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font>(1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">st</sup> line, treatment na&#239;ve)</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2017</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- ASCEND-4 trial met its primary endpoint of clinically significant improvement in PFS compared to chemotherapy; data will be submitted for presentation at medical meeting</div>
</td>
</tr>

<tr>
<td style="WIDTH: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">ALK+ NSCLC</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">(brain metastases)</div>
</td>
<td style="WIDTH: 15.24%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2019</div>
</td>
<td style="WIDTH: 10.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Trial ongoing</div>
</td>
</tr>
</table>

<div><br>
</div>

<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Selected Sandoz pipeline projects (biosimilars)</div>

<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">
<table id="z7a693a20619d40db94c20b3354fc8623" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 14.74%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Project/ Compound</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 33.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Potential indication/ Disease area</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 13.61%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Submission status</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 12.39%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Current Phase</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">News update</div>
</td>
</tr>

<tr>
<td style="WIDTH: 14.74%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">GP2017 (adalimumab)</div>
</td>
<td style="WIDTH: 33.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Arthritides (rheumatoid arthritis, ankylosing spondylitis, psoriatic arthritis), plaque psoriasis and others (same as originator)</div>
</td>
<td style="WIDTH: 13.61%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 12.39%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Recruitment in Phase III psoriasis study completed in Feb. 2015</div>
</td>
</tr>

<tr>
<td style="WIDTH: 14.74%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">GP2015</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">(etanercept)</div>
</td>
<td style="WIDTH: 33.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Arthritides (rheumatoid arthritis, ankylosing spondylitis, psoriatic arthritis), plaque psoriasis and others (same as originator)</div>
</td>
<td style="WIDTH: 13.61%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">EU</div>
</td>
<td style="WIDTH: 12.39%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Approved<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font> Submitted</div>
</td>
<td style="WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Erelzi</font> (etanercept-szzs) approved by FDA in Q3 2016 for all five indications of reference product</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- File accepted by EMA in Q4 2015</div>
</td>
</tr>

<tr>
<td style="WIDTH: 14.74%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">GP2013 (rituximab)</div>
</td>
<td style="WIDTH: 33.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Follicular lymphoma, diffuse large B cell lymphoma, chronic lymphocytic leukemia, rheumatoid arthritis, granulomatosis with polyangelitis, and microscopic polyangelitis (same as originator)</div>
</td>
<td style="WIDTH: 13.61%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">EU</div>
</td>
<td style="WIDTH: 12.39%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Submitted</div>
</td>
<td style="WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#160;</font>File accepted by EMA in Q2 2016</div>

<div style="TEXT-ALIGN: left">&#160;</div>
</td>
</tr>

<tr style="HEIGHT: 28px">
<td style="WIDTH: 14.74%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">HX575</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">(epoetin alfa)</div>
</td>
<td style="WIDTH: 33.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Chronic kidney disease, chemotherapy-induced anemia and others (same as originator)</div>
</td>
<td style="WIDTH: 13.61%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.39%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>
</td>
<td style="WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Trial complete</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</div>

<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">&#160;</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">27</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>
</div>

<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">
<table id="zb76ac42ee1864047b5da4ad2b287c8d9" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 14.74%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LA-EP2006 (pegfilgrastim)</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 33.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Chemotherapy-induced neutropenia and others (same as originator)</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 13.61%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US and EU</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 12.39%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Submitted</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- File accepted by FDA in Q4 2015 and EMA in Q1 2016</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Sandoz received a complete response letter from the FDA</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Discussions with regulatory authorities ongoing</div>
</td>
</tr>

<tr>
<td style="WIDTH: 14.74%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">GP1111 (infliximab)</div>
</td>
<td style="WIDTH: 33.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Autoimmune diseases including rheumatoid arthritis and psoriasis (same as originator)</div>
</td>
<td style="WIDTH: 13.61%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.39%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Phase III</div>
</td>
<td style="WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- EEA rights acquired from Pfizer in Q1 2016</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Top-line results from confirmatory Phase III study, announced in Sep. 2016, demonstrated equivalent efficacy to reference product</div>
</td>
</tr>
</table>

<div><br>
</div>

<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Selected Alcon pipeline projects</div>

<table id="zd95b65a84d764a9590a4e93a49f2e6a7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 17.48%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Project/ Compound</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 23.5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Potential indication/ Disease area</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 16.1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Planned submissions</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 11.52%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Current Phase</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 31.4%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">News update</div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid" colspan="5">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">SURGICAL</div>
</td>
</tr>

<tr>
<td style="WIDTH: 17.48%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">AcrySof IQ ReSTOR</font> 2.5D Toric IOL</div>
</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Multifocal IOL for astigmatism</div>
</td>
<td style="WIDTH: 16.1%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US 2017</div>
</td>
<td style="WIDTH: 11.52%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Advanced</div>

<div>&#160;</div>
</td>
<td style="WIDTH: 31.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 17.48%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">AcrySof IQ ReSTOR</font> 3.0D Toric IOL</div>
</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Multifocal IOL for astigmatism</div>
</td>
<td style="WIDTH: 16.1%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US 2014</div>

<div>&#160;</div>
</td>
<td style="WIDTH: 11.52%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Submitted</div>
</td>
<td style="WIDTH: 31.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 17.48%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">VerifEye Lynk</div>
</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Cataract planning linked intra-operative evaluation and guidance device</div>
</td>
<td style="WIDTH: 16.1%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">EU 2016</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">JP 2016</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US 2016</div>
</td>
<td style="WIDTH: 11.52%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Advanced</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Advanced</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Advanced</div>
</td>
<td style="WIDTH: 31.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 17.48%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">AcrySof IQ PanOptix </font>Toric IOL</div>
</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Trifocal IOL for astigmatism</div>
</td>
<td style="WIDTH: 16.1%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">EU 2016</div>
</td>
<td style="WIDTH: 11.52%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Advanced</div>
</td>
<td style="WIDTH: 31.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 100%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" colspan="5">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">VISION CARE</div>
</td>
</tr>

<tr>
<td style="WIDTH: 17.48%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">AirOptix Plus HydraGlyde</div>
</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Contact lens for refractive correction</div>
</td>
<td style="WIDTH: 16.1%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">US 2016</div>

<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">JP 2016<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font></font> &#160;</div>
</td>
<td style="WIDTH: 11.52%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Approved</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Submitted</div>
</td>
<td style="WIDTH: 31.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Received CE Mark in Europe in Q4 2015</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Achieved US approval in Q3 2016</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Submitted JP filing in Q3 2016</div>
</td>
</tr>

<tr>
<td style="WIDTH: 17.48%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1 </font>Multifocal</div>
</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Multifocal contact lens for refractive correction</div>
</td>
<td style="WIDTH: 16.1%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">JP 2016</div>
</td>
<td style="WIDTH: 11.52%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Advanced</div>
</td>
<td style="WIDTH: 31.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Received CE Mark in Europe in Q2 2016</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- Achieved US approval in 2012 for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font> inclusive of multifocal design</div>
</td>
</tr>
</table>

<div>&#160;</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">28</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade">
</div>
</div>
</div>

<div>&#160;</div>



<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;text-transform:uppercase;">CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Consolidated income statements </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Third quarter <font style="font-weight: normal;">(unaudited)</font>
  </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions unless indicated otherwise)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net sales from continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;126</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;265</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-139</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other revenues<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">215</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">220</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;368</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;388</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">20</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;973</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;097</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-124</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Marketing &amp; Sales<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;944</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;890</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-54</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;224</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;190</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-34</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">General &amp; Administration<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-456</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-573</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">117</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">530</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">682</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-152</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-610</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-892</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">282</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;269</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;234</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>35</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Income from associated companies<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">217</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">120</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">97</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-174</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-154</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-20</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-38</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-31</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Income before taxes from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;274</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;169</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>105</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-329</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-357</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">28</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;945</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;812</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>133</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net income from discontinued operations<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">83</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-83</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;945</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;895</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>50</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Attributable to:<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Shareholders of Novartis AG<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>1&nbsp;940</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>1&nbsp;888</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>52</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Non-controlling interests<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>5</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>7</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-2</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Weighted average number of shares outstanding &#x2013; Basic (million)<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;379</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;405</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-26</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Basic earnings per share from continuing operations (USD)<sup>1</sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>0.81</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>0.75</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>0.06</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Basic earnings per share from discontinued operations (USD)<sup>1</sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>0.04</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-0.04</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total basic earnings per share (USD)<sup>1</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.81</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.79</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.02</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Weighted average number of shares outstanding &#x2013; Diluted (million)<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;401</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;438</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-37</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Diluted earnings per share from continuing operations (USD)<sup>1</sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>0.81</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>0.74</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>0.07</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Diluted earnings per share from discontinued operations (USD)<sup>1</sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>0.03</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-0.03</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Total diluted earnings per share (USD)<sup>1</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.81</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.77</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.04</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="8">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="8">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Earnings per share (EPS) is calculated on the amount of net income attributable to shareholders of Novartis AG.</div>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">29</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Consolidated income statements </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Nine months to September 30 <font style="font-weight: normal;">(unaudited)</font>
  </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions unless indicated otherwise)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net sales to third parties from continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>36&nbsp;196</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>36&nbsp;894</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-698</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Sales to discontinued segments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-26</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net sales from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>36&nbsp;196</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>36&nbsp;920</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-724</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other revenues<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">634</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">663</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-29</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-13&nbsp;031</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-12&nbsp;855</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-176</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>23&nbsp;799</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;728</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-929</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Marketing &amp; Sales<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8&nbsp;752</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8&nbsp;597</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-155</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;455</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;463</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">General &amp; Administration<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;602</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;765</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">163</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;546</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;453</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">93</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;723</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;056</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">333</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;813</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;300</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-487</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Income from associated companies<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">547</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">256</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">291</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-539</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-497</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-42</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-82</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-56</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-26</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Income before taxes from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;739</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;003</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-264</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-977</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;029</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">52</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;762</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;974</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-212</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net income from discontinued operations<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10&nbsp;764</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-10&nbsp;764</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;762</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>16&nbsp;738</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-10&nbsp;976</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Attributable to:<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Shareholders of Novartis AG<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>5&nbsp;755</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>16&nbsp;729</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-10&nbsp;974</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Non-controlling interests<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>7</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>9</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-2</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Weighted average number of shares outstanding &#x2013; Basic (million)<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;380</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;409</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-29</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Basic earnings per share from continuing operations (USD)<sup>1</sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>2.42</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>2.48</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-0.06</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Basic earnings per share from discontinued operations (USD)<sup>1</sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>4.46</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-4.46</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total basic earnings per share (USD)<sup>1</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2.42</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6.94</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-4.52</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Weighted average number of shares outstanding &#x2013; Diluted (million)<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;402</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;444</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-42</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Diluted earnings per share from continuing operations (USD)<sup>1</sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>2.40</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>2.44</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-0.04</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Diluted earnings per share from discontinued operations (USD)<sup>1</sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>4.40</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-4.40</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Total diluted earnings per share (USD)<sup>1</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2.40</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6.84</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4.44</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="8">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="8">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Earnings per share (EPS) is calculated on the amount of net income attributable to shareholders of Novartis AG.</div>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">30</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Consolidated statements of comprehensive income </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Third quarter<font style="font-weight: normal;"> (unaudited)</font>
  </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;945</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;895</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>50</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Other comprehensive income to be eventually recycled  into the consolidated income statement:<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Fair value adjustments on financial instruments, net of taxes<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">66</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-74</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">140</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Novartis share of other items recorded in comprehensive  income recognized by associated companies, net of taxes<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -96</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 31</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -127</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Translation effects<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">732</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;564</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;296</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Total of items to eventually recycle<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>702</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-1&nbsp;607</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>2&nbsp;309</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Other comprehensive income never to be recycled  into the consolidated income statement:<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Net actuarial gains/(losses) from defined benefit plans, net  of taxes<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 281</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -773</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;054</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Comprehensive income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;928</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-485</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;413</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Attributable to:<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Shareholders of Novartis AG<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>2&nbsp;922</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-491</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>3&nbsp;413</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:24pt;"><i>Continuing operations<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>2&nbsp;922</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-565</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>3&nbsp;487</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:24pt;"><i>Discontinued operations<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>74</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-74</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Non-controlling interests<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>6</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>6</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>0</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="8">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="8">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Nine months to September 30<font style="font-weight: normal;"> (unaudited)</font>
  </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;762</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>16&nbsp;738</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-10&nbsp;976</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Other comprehensive income to be eventually recycled  into the consolidated income statement:<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Fair value adjustments on financial instruments, net of taxes<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-34</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-36</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Novartis share of other items recorded in comprehensive  income recognized by associated companies, net of taxes<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -95</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -48</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -47</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Translation effects<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">198</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-932</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;130</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Total of items to eventually recycle<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>69</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-978</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>1&nbsp;047</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Other comprehensive income never to be recycled  into the consolidated income statement:<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Net actuarial losses from defined benefit plans, net  of taxes<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;251</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -452</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -799</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Comprehensive income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;580</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>15&nbsp;308</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-10&nbsp;728</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Attributable to:<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Shareholders of Novartis AG<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>4&nbsp;574</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>15&nbsp;302</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-10&nbsp;728</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:24pt;"><i>Continuing operations<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>4&nbsp;574</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>4&nbsp;573</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>1</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:24pt;"><i>Discontinued operations<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>10&nbsp;729</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-10&nbsp;729</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Non-controlling interests<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>6</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>6</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>0</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="8">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="8">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">31</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Condensed consolidated balance sheets</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Sep 30, <br>2016<br>(unaudited)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31, <br>2015<br>(audited)<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br><br>Change<sup>   </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Assets<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="1%"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Non-current assets<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Property, plant &amp; equipment<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">16&nbsp;199</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15&nbsp;982</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">217</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Goodwill<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">31&nbsp;406</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">31&nbsp;174</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">232</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Intangible assets other than goodwill<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">32&nbsp;796</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">34&nbsp;217</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;421</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Financial and other non-current assets<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27&nbsp;723</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27&nbsp;338</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">385</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total non-current assets<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>108&nbsp;124</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>108&nbsp;711</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-587</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Current assets<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Inventories<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6&nbsp;773</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6&nbsp;226</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">547</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Trade receivables<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8&nbsp;547</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8&nbsp;180</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">367</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other current assets<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;778</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;992</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-214</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cash and cash equivalents, marketable securities,  commodities and derivatives<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 7&nbsp;785</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;447</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;338</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total current assets<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>25&nbsp;883</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>22&nbsp;845</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;038</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total assets<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>134&nbsp;007</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>131&nbsp;556</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;451</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Equity and liabilities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Equity attributable to Novartis AG shareholders<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">74&nbsp;984</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">77&nbsp;046</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;062</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Non-controlling interests<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">82</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">76</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total equity<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>75&nbsp;066</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>77&nbsp;122</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2&nbsp;056</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Non-current liabilities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Financial debts<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">18&nbsp;259</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">16&nbsp;327</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;932</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other non-current liabilities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">16&nbsp;078</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14&nbsp;399</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;679</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total non-current liabilities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>34&nbsp;337</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>30&nbsp;726</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;611</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Current liabilities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Trade payables<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;662</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5&nbsp;668</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;006</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Financial debts and derivatives<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8&nbsp;307</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5&nbsp;604</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;703</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other current liabilities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">11&nbsp;635</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">12&nbsp;436</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-801</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total current liabilities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;604</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>23&nbsp;708</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>896</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total liabilities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>58&nbsp;941</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>54&nbsp;434</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;507</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total equity and liabilities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>134&nbsp;007</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>131&nbsp;556</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;451</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="8">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="8">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">32</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Condensed consolidated changes in equity<font style="font-weight: normal;">&nbsp;</font>
  </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Third quarter<font style="font-weight: normal;"> (unaudited)</font>
  </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Consolidated equity at July 1<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>72&nbsp;532</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>78&nbsp;832</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-6&nbsp;300</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Comprehensive income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;928</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-485</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;413</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of treasury shares<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-492</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;019</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;527</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Decrease of treasury share repurchase obligation  under a share buy-back trading plan<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 336</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -336</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Equity-based compensation<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">105</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">122</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-17</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Impact of change in ownership of consolidated entities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in non-controlling interests<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Consolidated equity at September 30<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>75&nbsp;066</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>76&nbsp;785</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1&nbsp;719</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="8">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="8">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;"></font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Nine months to September 30<font style="font-weight: normal;"> (unaudited)</font>
  </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Consolidated equity at January 1<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>77&nbsp;122</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>70&nbsp;844</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;278</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Comprehensive income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;580</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15&nbsp;308</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-10&nbsp;728</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of treasury shares<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-870</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;152</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;282</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Increase of treasury share repurchase  obligation under a share buy-back trading plan<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -875</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 875</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Exercise of options and employee transactions<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">214</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;582</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;368</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dividends to shareholders of Novartis AG<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;475</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;643</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">168</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Equity-based compensation<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">502</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">732</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-230</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Impact of change in ownership of consolidated entities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in non-controlling interests<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">11</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Consolidated equity at September 30<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>75&nbsp;066</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>76&nbsp;785</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1&nbsp;719</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="8">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="8">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">33</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Condensed consolidated cash flow statements</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Third quarter<font style="font-weight: normal;"> (unaudited)</font>
  </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;945</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;812</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>133</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Reversal of non-cash items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Taxes<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">329</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">357</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-28</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Depreciation, amortization and impairments<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;508</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;355</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">153</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Change in provisions and other non-current liabilities<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">249</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">643</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-394</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Income from associated companies<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-217</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-120</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-97</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Net financial income<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">212</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">185</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Other<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-195</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-188</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income adjusted for non-cash items<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;831</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;044</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-213</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest and other financial receipts<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">142</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-133</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest and other financial payments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-170</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-131</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-39</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes paid<sup>1</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-339</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-824</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">485</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash flows before working capital changes from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 3&nbsp;331</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 3&nbsp;231</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 100</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Payments out of provisions and other  net cash movements in non-current liabilities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -339</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -280</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -59</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in net current assets  and other operating cash flow items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 239</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 186</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 53</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash flows from operating activities  from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 3&nbsp;231</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 3&nbsp;137</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 94</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cash flows used in operating activities  from discontinued operations<sup> 1</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 11</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total cash flows from operating activities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;231</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;126</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>105</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of property, plant &amp; equipment<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-443</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-579</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">136</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of intangible, financial  and other non-current assets<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -536</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -201</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -335</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Proceeds from sales of property, plant &amp; equipment,  intangible and financial assets<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 339</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 431</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -92</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Acquisitions and divestments of businesses, net<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-104</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-228</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">124</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in marketable securities and commodities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">55</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-36</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">91</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash flows used in investing activities  from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -689</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -613</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -76</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cash flows used in investing activities  from discontinued operations<sup> 1</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -63</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -140</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 77</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total cash flows used in investing activities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-752</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-753</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in current and non-current financial debts<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">82</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-328</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">410</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Treasury share transactions, net<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-410</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;875</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;465</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Impact of change in ownership  of consolidated enities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -6</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other financing cash flows<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-15</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash flows used in financing activities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-342</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2&nbsp;196</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;854</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net translation effect on cash and cash equivalents<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-67</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">68</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Change in cash and cash equivalents<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;138</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>110</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;028</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cash and cash equivalents at July 1<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5&nbsp;036</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5&nbsp;218</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-182</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash and cash equivalents at September 30<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;174</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;328</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;846</b></font>
    </td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td colspan="8">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="8">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>In Q3 2016, the total tax payment amounted to USD 350 million, of which  USD 11 million  was included in the cash flows used in investing activities from discontinued operations. In Q3 2015, the total net tax payment amounted to USD 1 058 million, of which a refund of USD 25  million  was included in the cash flows used in operating activities from discontinued operations and a USD 259 million payment in cash flows used in investing activities from discontinued operations.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="8">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">34</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Condensed consolidated cash flow statements</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Nine months to September 30<font style="font-weight: normal;"> (unaudited)</font>
  </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;762</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;974</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-212</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Reversal of non-cash items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Taxes<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">977</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;029</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-52</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Depreciation, amortization and impairments<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;343</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;146</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">197</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Change in provisions and other non-current liabilities<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">737</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;124</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-387</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Income from associated companies<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-547</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-256</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-291</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Net financial income<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">621</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">553</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">68</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Other<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-223</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-197</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income adjusted for non-cash items<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>11&nbsp;670</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;544</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-874</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest and other financial receipts<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">705</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;107</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-402</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest and other financial payments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-677</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-519</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-158</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes paid<sup>1</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;320</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;926</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">606</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash flows before working capital changes from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 10&nbsp;378</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 11&nbsp;206</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -828</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Payments out of provisions and other  net cash movements in non-current liabilities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;352</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -916</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -436</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in net current assets  and other operating cash flow items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;142</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;302</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;160</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash flows from operating activities  from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 7&nbsp;884</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 7&nbsp;988</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -104</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cash flows used in operating activities  from discontinued operations<sup> 1</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -248</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 248</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total cash flows from operating activities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;884</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;740</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>144</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of property, plant &amp; equipment<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;276</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;614</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">338</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of intangible, financial  and other non-current assets<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;087</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -923</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -164</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Proceeds from sales of property, plant &amp; equipment,  intangible and financial assets<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 958</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 866</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 92</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Acquisitions and divestments of businesses, net<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-530</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-16&nbsp;372</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15&nbsp;842</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in marketable securities and commodities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">89</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-146</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">235</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash flows used in investing activities  from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -1&nbsp;846</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -18&nbsp;189</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 16&nbsp;343</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cash flows used in/from investing activities  from discontinued operations<sup> 1</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -522</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 9&nbsp;095</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -9&nbsp;617</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total cash flows used in investing activities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2&nbsp;368</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-9&nbsp;094</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;726</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dividends related to shareholders of Novartis AG<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;475</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;643</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">168</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in current and non-current financial debts<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;163</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;692</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;471</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Treasury share transactions, net<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-690</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;417</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;727</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Impact of change in ownership  of consolidated enities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -6</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other financing cash flows<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-33</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">30</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash flows used in financing activities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-3&nbsp;011</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-6&nbsp;401</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;390</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net translation effect on cash and cash equivalents<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">60</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-65</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Change in cash and cash equivalents<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;500</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-7&nbsp;695</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>10&nbsp;195</b></font>
    </td>
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      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cash and cash equivalents at January 1<sup></sup></font>
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    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;674</font>
    </td>
    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">13&nbsp;023</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8&nbsp;349</font>
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    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash and cash equivalents at September 30<sup></sup></b></font>
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    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;174</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;328</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;846</b></font>
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      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>In 9M 2016, the total tax payment amounted to USD 1 503 million, of which  USD 183 million  was included in the cash flows used in investing activities from discontinued operations. In 9M 2015, the total net tax payment amounted to USD 2 674 million, of which a refund of  USD 24 million  was included in the cash flows used in operating activities from discontinued operations and a USD 772 million payment in cash flows from investing activities from discontinued operations.<b></b><b></b><b></b><b></b></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Notes to the Condensed Interim Consolidated Financial Statements for the three-and nine-month periods ended September 30, 2016 <font style="font-weight: normal;">(unaudited)</font>
  </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">1. Basis of preparation</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">These Condensed Interim Consolidated Financial Statements for the three- and nine-months period ended September 30, 2016, were prepared in accordance with International Accounting Standard 34 <I>Interim Financial Reporting </I>and accounting policies set out in the 2015 Annual Report published on January 27, 2016.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">2. Selected critical accounting policies</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The Group&#x2019;s principal accounting policies are set out in Note 1 to the Consolidated Financial Statements in the Annual Report 2015 and conform with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. The presentation of financial statements requires management to make subjective and complex judgments that affect the reported amounts. Because of the inherent uncertainties, actual outcomes and results may differ from management&#x2019;s assumptions and estimates.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">In particular, during the first half of 2015, the significant transactions discussed in Note 3, were completed. Several of these transactions contained contingent consideration due to Novartis. Accounting for such contingent consideration requires management to make assumptions on the probability and amount of potential payments. If actual amounts are different from the estimated amounts recorded for contingent consideration there could be a significant impact, either positive or negative, on the Group&#x2019;s results of operations or cash flow.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The significant transactions discussed in Note 3 also included the formation of a new entity during the first quarter of 2015 via contribution of businesses from both Novartis and GlaxoSmithKline plc (GSK). Novartis has a 36.5% interest in this newly created entity and accounts for its stake using the equity method of accounting. Novartis has valued the contribution of 63.5% of its former OTC Division to the entity in exchange for 36.5% of the GlaxoSmithKline Consumer Healthcare Holdings Ltd. at fair value. The resulting gain for Novartis is based on these exchanged values. Novartis has elected to apply an option under IFRS for entities formed by contributions. Under this option, the retained 36.5% interest of Novartis in its former OTC division continues to be measured at its net book value at the time of the formation of the entity.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Furthermore, as discussed in the 2015 Annual Report, goodwill, Alcon brand name and acquired In-Process Research &amp; Development projects are reviewed for impairment at least annually and these, as well as all other investments in intangible assets, are reviewed for impairment whenever an event or decision occurs that raises concern about their balance sheet carrying value. The amount of goodwill and other intangible assets on the Group&#x2019;s consolidated balance sheet has risen significantly in recent years, primarily from acquisitions. Impairment testing under IFRS may lead to potentially significant impairment charges in the future that could have a materially adverse impact on the Group&#x2019;s results of operations or cash flow.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">3. Significant transactions</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">2016</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Alcon &ndash; Acquisition of Transcend Medical, Inc.<br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">On February 17, 2016, Alcon entered into an agreement to acquire Transcend Medical, Inc. (Transcend), a privately-held, US-based company focused on developing minimally-invasive surgical devices to treat glaucoma. The transaction closed on March 23, 2016, and the fair value of the total purchase consideration was USD&nbsp;332 million. The amount consisted of an initial cash payment of USD&nbsp;240 million and the net present value of the contingent consideration of USD&nbsp;92 million due to the Transcend shareholders, which they are eligible to receive upon achievement of specified development and commercialization milestones. The purchase price allocation resulted in net identifiable assets of USD&nbsp;294 million and goodwill of USD&nbsp;38 million. Results of operations since the date of acquisition were not material.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">2015</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Transaction with Eli Lilly and Company<br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">On January 1, 2015, Novartis closed its transaction with Eli Lilly and Company, USA (Lilly) announced in April 2014 to divest its Animal Health business for USD 5.4 billion in cash. This resulted in a pre-tax gain of USD&nbsp;4.6 billion which was recorded in operating income from discontinued operations.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Transactions with GlaxoSmithKline plc<br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">On March 2, 2015, Novartis closed its transactions with GlaxoSmithKline plc, Great Britain (GSK) announced in April 2014, with the following consequences:</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><I>Innovative Medicines &ndash; Acquisition of GSK oncology products</I><br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Novartis acquired GSK&#x2019;s oncology products and certain related assets for an aggregate cash consideration of USD&nbsp;16.0 billion. Up to USD&nbsp;1.5 billion of this cash consideration at the acquisition date is contingent on certain development milestones. The fair value of this potentially refundable consideration is USD&nbsp;0.1 billion. In addition, under the terms of the agreement, Novartis is granted a right of first negotiation over the co-development or commercialization of GSK&#x2019;s current and future oncology R&amp;D pipeline, excluding oncology vaccines. The right of first negotiation is for a period of 12.5 years from the acquisition closing date. The purchase price allocation of the fair value of the consideration of USD&nbsp;15.9 billion resulted in net identified assets of USD&nbsp;13.5 billion and goodwill of USD&nbsp;2.4 billion. The 2015 net results from operations on a reported basis since the acquisition date were not significant.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><I>Vaccines &ndash; Divestment</I><br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Novartis divested its Vaccines business (excluding its Vaccines influenza business) to GSK for up to USD&nbsp;7.1 billion plus royalties. The USD&nbsp;7.1 billion consists of USD&nbsp;5.25 billion paid at closing and up to USD&nbsp;1.8 billion in future milestone payments. The fair value of the contingent future milestones and royalties as at the acquisition date is USD&nbsp;1.0 billion, resulting in a fair value of consideration received of USD&nbsp;6.25 billion. Included in this amount, is a USD&nbsp;450 million milestone payment received in late March 2015. The sale of this business resulted in a pre-tax gain of USD&nbsp;2.8 billion which is recorded in operating income from discontinued operations.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Novartis&#x2019;s Vaccines influenza business was excluded from the GSK Vaccines business acquisition. However, GSK entered into a future option arrangement with Novartis in relation to the Vaccines influenza business, pursuant to which Novartis could have unilaterally required GSK to acquire the entire or certain parts of its Vaccines influenza business for consideration of up to USD&nbsp;250 million (the Influenza Put Option) if the divestment to CSL Limited, Australia (CSL), discussed below, had not been completed. The option period was 18 months from the closing date of the GSK transaction, but terminated with the sale of the Vaccines influenza business to CSL on July 31, 2015. Novartis paid GSK a fee of USD&nbsp;5 million in consideration for the grant of the Influenza Put Option.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><I>Consumer Health &ndash; Combination of Novartis OTC with GSK Consumer Healthcare </I><br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Novartis and GSK agreed to create a combined consumer healthcare business through a combination between Novartis OTC and GSK Consumer Healthcare businesses. On March 2, 2015, a new entity GlaxoSmithKline Consumer Healthcare Holdings Ltd. (GSK Consumer Healthcare) was formed via contribution of businesses from both Novartis and GSK. Novartis has a 36.5% interest in the newly </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">created entity. Novartis has valued the contribution of 63.5% of its OTC Division in exchange for 36.5% of the GSK Consumer Healthcare business at fair value. Based on the estimates of fair values exchanged, an investment in an associated company of USD&nbsp;7.6 billion was recorded. The resulting pre-tax gain, net of transaction-related costs, of USD&nbsp;5.9 billion was recorded in operating income from discontinued operations.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Novartis has four of eleven seats on the GSK Consumer Healthcare Board of Directors. Furthermore, Novartis has customary minority rights and also exit rights at a pre-defined, market-based pricing mechanism.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The investment is accounted for using the equity method of accounting using estimated results for the quarter. Any differences between this estimate and actual results, when available, will be adjusted in the Group&#x2019;s consolidated financial statements in the following period. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><I>Additional GSK related costs</I><br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The GSK transaction resulted in USD&nbsp;0.5 billion of additional transaction-related expenses.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Transaction with CSL<br></font>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">On October 26, 2014, Novartis entered into an agreement with CSL to sell its Vaccines influenza business to CSL for USD&nbsp;275 million. Entering into the separate divestment agreement with CSL resulted in the Vaccines influenza business being classified as a separate disposal group consisting of a group of cash generating units within the Vaccines Division, requiring the performance of a separate valuation of the Vaccines influenza business net assets. This triggered the recognition of an exceptional impairment charge in 2014 of USD&nbsp;1.1 billion as the estimated net book value of the Vaccines influenza business net assets was above the USD&nbsp;275 million consideration. The transaction with CSL was completed on July 31, 2015, resulting in a partial reversal of the impairment recorded in 2014 in the amount of USD&nbsp;0.1 billion, which was recorded in the third quarter 2015 operating income from discontinued operations.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Innovative Medicines &ndash; Acquisition of Spinifex Pharmaceuticals, Inc.<br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">On June 29, 2015 Novartis entered into an agreement to acquire Spinifex Pharmaceuticals, Inc. (Spinifex), a US and Australian-based, privately held development stage company, focused on developing a peripheral approach to treat neuropathic pain. The transaction closed on July 24, 2015, and the fair value of the total purchase consideration was USD&nbsp;312 million. The amount consisted of an initial cash payment of USD&nbsp;196 million and the net present value of the contingent consideration of USD&nbsp;116 million due to previous Spinifex shareholders, which they are eligible to receive upon achievement of specified development and commercialization milestones. The purchase price allocation resulted in net identifiable assets of USD&nbsp;263 million and goodwill of USD&nbsp;49 million. The 2015 results of operations since the date of acquisition were not material.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Innovative Medicines &ndash; Acquisition of Admune Therapeutics&nbsp;LLC<br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">On October 16, 2015, Novartis acquired Admune Therapeutics LLC (Admune), a US-based, privately held company, broadening Novartis&#x2019; pipeline of cancer immunotherapies. The fair value of the total purchase consideration amounted to USD&nbsp;258 million. This amount consists of an initial cash payment of USD&nbsp;140 million and the net present value of the contingent consideration of USD&nbsp;118 million due to Admune&#x2019;s previous owners, which they are eligible to receive upon the achievement of specified development and commercialization milestones. The purchase price allocation resulted in net identifiable assets of USD&nbsp;258 million. No goodwill was recognized. The 2015 results of operations since the date of acquisition were not material.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;"><B>Continuing operations</B> comprise the businesses of the Innovative Medicines, Sandoz and Alcon Divisions and the continuing Corporate activities. Continuing operations also include the results from Oncology assets acquired from GSK and the estimated results from the 36.5% interest in GSK Consumer Healthcare Holdings Ltd. for the period from March 2, 2015 onward (the latter is reported as part of income from associated companies). </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;"><B>Discontinued operations</B> included in 2015 the operational results from the Vaccines influenza business, prior to its divestment to CSL Limited on July 31, 2015, as well as results from the Vaccines non-influenza business and OTC business until March 2, 2015. Operational results from the Animal Health business, which was divested on January 1, 2015, include only the divestment gain. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Discontinued operations also included in the first quarter of 2015 the exceptional pre-tax gains of USD 12.8 billion from the divestment of Animal Health (USD 4.6 billion) and from the transactions with GSK (USD 2.8 billion from the Vaccines non-influenza business and USD 5.9 billion arising from the contribution of Novartis OTC into GSK Consumer Healthcare Holdings Ltd.). In addition the GSK transactions resulted in USD 0.5 billion of additional transaction-related costs, which were expensed and reported in Corporate discontinued operations. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Excluded from discontinued operations are certain intellectual property rights and related other revenues of the Vaccines Division, which are retained by Novartis and are now reported under Corporate activities. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">As required by IFRS, results of the discontinued operations exclude any further depreciation and amortization related to discontinued operations from the date of the portfolio transformation announcement of April 22, 2014. </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">4. Summary of equity attributable to Novartis AG shareholders </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="10px">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td></td>
    <td colspan="5" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">  Number of outstanding shares (in millions)</font>
    </td>
    <td></td>
    <td colspan="5" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Issued share capital and reserves attributable to Novartis AG shareholders (in USD millions)</font>
    </td>
    <td></td>
    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td colspan="5" height="3"></td>
      <td height="1"></td>
      <td colspan="5" height="3"></td>
      <td height="1"></td>
    </tr>
    <tr>
      <td height="1"></td>
      <td height="1"></td>
      <td colspan="5" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="5" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
    </tr>
    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td colspan="5" height="3"></td>
      <td height="1"></td>
      <td colspan="5" height="3"></td>
      <td height="1"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">2016<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td width="28%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Balance at beginning of year<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;373.9</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;398.6</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-24.7</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>77&nbsp;046</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>70&nbsp;766</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;280</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Shares acquired to be held  in Group Treasury<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -5.0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 5.0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -501</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 501</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Shares acquired to be cancelled<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8.8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-32.5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">23.7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-681</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3&nbsp;252</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;571</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other share purchases<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2.4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3.9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-189</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-399</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">210</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Exercise of options and  employee transactions<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 4.1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 27.0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -22.9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 214</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;582</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;368</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Equity-based compensation<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8.7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">11.7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3.0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">502</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">732</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-230</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Increase of treasury  share repurchase obligation under a share buy-back trading plan<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  -875</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  875</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dividends to  shareholders of Novartis AG<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -6&nbsp;475</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -6&nbsp;643</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 168</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net income of the period attributable to  shareholders of Novartis AG<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;755</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 16&nbsp;729</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -10&nbsp;974</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Impact of change in ownership of  consolidated entities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other comprehensive income attributable to shareholders of Novartis AG<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;181</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;427</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 246</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Balance at September 30<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;375.5</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;395.9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-20.4</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>74&nbsp;984</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>76&nbsp;712</b></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1&nbsp;728</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td colspan="14">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="14">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">39</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">5. Consolidated income statements &ndash; Segmentation </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The businesses of Novartis are divided operationally on a worldwide basis into three reporting segments, Innovative Medicines, Sandoz and Alcon. In addition, we separately report Corporate activities.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Reporting segments are presented in a manner consistent with the internal reporting to the chief operating decision maker which is the Executive Committee of Novartis. The reporting segments are managed separately because they each research, develop, manufacture, distribute and sell distinct products that require differing marketing strategies. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The Executive Committee of Novartis is responsible for allocating resources and assessing the performance of the reporting segments.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Following the internal reorganization announced on January 27, 2016, the reporting segments and their financial results have been adapted to reflect in all years presented the transfers of:</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; padding-left:3.75; color:#000000;">&#x2022; Alcon Ophthalmic Pharmaceuticals franchise from the Alcon Division to the Innovative Medicines Division, the products of which will continue to be marketed with the Alcon brand name. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; padding-left:3.75; color:#000000;">&#x2022; Selected mature products from the Innovative Medicines Division to the Retails Generics  franchise of the Sandoz Division. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">In order to comply with International Financial Reporting Standards (IFRS), Novartis has restated its consolidated financial statement disclosures by segment to reflect the above mentioned internal reorganization. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Innovative Medicines &ndash; formerly named the &#x2018;Pharmaceuticals Division&#x2019; - researches, develops, manufactures, distributes and sells patented prescription medicines. The Innovative Medicines Division is organized into two global business units: Novartis Oncology, which consists of the global business franchises Oncology and Cell and Gene Therapies and Novartis Pharmaceuticals, which consists of the global business franchises Ophthalmology, Neuroscience, Immunology and Dermatology, Respiratory, Cardio-Metabolic and Established Medicines.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Sandoz develops, manufactures, distributes and sells prescription medicines, as well as pharmaceutical active substances, which are not protected by valid and enforceable third-party patents. The Sandoz Division is organized globally in three franchises, Retail Generics, Anti-Infectives and Biopharmaceuticals. In Retail Generics, Sandoz develops, manufactures and markets active ingredients and finished dosage forms of pharmaceuticals to third parties. Retail Generics includes the areas of dermatology, respiratory, oncology and ophthalmics, as well as cardiovascular, metabolism, central nervous system, pain, gastrointestinal, and hormonal therapies. Finished dosage form anti-infectives sold to third parties are also part of Retail Generics. In Anti-Infectives, Sandoz manufactures active pharmaceutical ingredients and intermediates &ndash; mainly antibiotics - for internal use by Retail Generics and for sale to third party customers. In Biopharmaceuticals, Sandoz develops, manufactures and markets protein- or other biotechnology-based products known as biosimilars and provides biotechnology manufacturing services to other companies. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Alcon researches, discovers, develops, manufactures, distributes and sells eye care products. The Alcon Division is the global leader in eye care with product offerings in eye care devices and vision care. The Alcon Division is organized globally in two global business franchises as follows: In Surgical, Alcon develops, manufactures, distributes and sells ophthalmic surgical equipment, instruments, disposable products and intraocular lenses. In Vision Care, Alcon develops, manufactures, distributes and sells contact lenses and lens care products.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Details on Corporate, Novartis Institutes for Biomedical Research and Novartis Business Services supporting the divisions are provided in Note 3 to the Consolidated Financial Statements in the Annual Report 2015. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">40</font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Segmentation - Third quarter <font style="font-weight: normal;">(unaudited)</font>
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      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
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    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Innovative Medicines<sup> 1</sup></font>
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    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Sandoz<sup></sup></font>
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    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Alcon<sup></sup></font>
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    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Corporate (including eliminations)<sup></sup></font>
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    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Group<sup></sup></font>
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      <td height="1"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
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    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<br>restated<sup>  2</sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
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    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<br>restated<sup>  2</sup></font>
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    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
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    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<br>restated<sup>  2</sup></font>
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    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
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    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<br>restated<sup>  2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
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    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>Q3 2015<sup>  </sup></font>
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    <td></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
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  <tr valign="bottom" bgcolor="#cceeff">
    <td width="16%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net sales to third parties from continuing operations<sup></sup></b></font>
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    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;173</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;254</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;517</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;542</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;436</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;469</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;126</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;265</b></font>
    </td>
    <td align="right" width="1%"></td>
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      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
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    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Sales to continuing segments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">158</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">114</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">29</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">31</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-187</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-145</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
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      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net sales from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;331</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;368</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;546</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;573</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;436</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;469</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-187</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-145</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;126</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;265</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other revenues<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">193</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">189</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">12</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">215</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">220</font>
    </td>
    <td align="right"></td>
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      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;280</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;340</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;540</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;487</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-764</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-753</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">216</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">192</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;368</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;388</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;244</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;217</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;016</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;092</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>672</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>721</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>41</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>67</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;973</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;097</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Marketing &amp; Sales<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;047</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;061</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-399</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-404</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-498</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-425</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;944</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;890</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;889</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;885</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-204</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-191</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-131</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-114</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;224</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;190</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">General &amp; Administration<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-246</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-235</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-60</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-83</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-86</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-99</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-64</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-156</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-456</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-573</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">264</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">462</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">62</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">16</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">19</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">185</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">196</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">530</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">682</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-306</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-626</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-61</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-42</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-34</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-217</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-190</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-610</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-892</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;020</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;872</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>354</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>388</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-50</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>57</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-55</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-83</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;269</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;234</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>as % of net sales<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>24.7%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>22.7%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>14.1%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>15.3%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-3.5%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>3.9%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>18.7%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>18.2%</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Income from associated companies<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">216</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">120</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">217</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">120</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-174</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-154</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-38</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-31</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Income before taxes from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;274</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;169</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-329</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-357</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;945</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;812</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net income from discontinued operations<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">83</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;945</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;895</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="22">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">41</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Segmentation - Nine months to September 30 <font style="font-weight: normal;">(unaudited)</font>
  </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="10px">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Innovative Medicines<sup> 1</sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Sandoz<sup></sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Alcon<sup></sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Corporate (including eliminations)<sup></sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Group<sup></sup></font>
    </td>
    <td></td>
    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
    </tr>
    <tr>
      <td height="1"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
    </tr>
    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<br>restated<sup>  2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<br>restated<sup>  2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<br>restated<sup>  2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<br>restated<sup>  2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>9M 2015<sup>  </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td width="16%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net sales to third parties from continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;289</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;847</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;539</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;516</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;368</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;531</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>36&nbsp;196</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>36&nbsp;894</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Sales to continuing and discontinued segments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">464</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">380</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">71</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">101</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-535</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-455</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">26</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net sales from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;753</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>25&nbsp;227</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;610</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;617</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;368</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;531</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-535</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-455</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>36&nbsp;196</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>36&nbsp;920</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other revenues<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">559</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">568</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">31</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">18</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">19</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">40</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">58</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">634</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">663</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;896</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;756</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;466</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;329</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;310</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;356</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">641</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">586</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-13&nbsp;031</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-12&nbsp;855</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>18&nbsp;416</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>19&nbsp;039</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;175</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;306</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;062</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;194</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>146</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>189</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>23&nbsp;799</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;728</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Marketing &amp; Sales<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;133</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;118</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;236</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;237</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;383</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;242</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8&nbsp;752</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8&nbsp;597</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5&nbsp;465</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5&nbsp;544</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-605</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-572</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-385</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-347</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;455</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;463</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">General &amp; Administration<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-744</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-773</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-218</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-254</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-309</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-339</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-331</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-399</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;602</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;765</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">870</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">889</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">136</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">47</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">46</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">46</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">494</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">471</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;546</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;453</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-878</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;177</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-172</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-281</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-43</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-60</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-630</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-538</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;723</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;056</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;066</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;316</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;080</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;009</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-12</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>252</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-321</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-277</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;813</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;300</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>as % of net sales<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>25.0%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>25.4%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>14.3%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>13.4%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-0.3%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>5.6%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>18.8%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>19.8%</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Income from associated companies<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">542</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">255</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">547</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">256</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-539</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-497</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-82</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-56</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Income before taxes from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;739</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;003</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-977</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;029</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;762</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;974</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net income from discontinued operations<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10&nbsp;764</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;762</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>16&nbsp;738</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="22">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">42</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Discontinued operations &ndash; Income statement 2015</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="56%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net sales to third parties of discontinued operations<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="14%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>14</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="14%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>601</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Sales to continuing segments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">19</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net sales of discontinued operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>16</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>620</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other revenues<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">23</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-34</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-376</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit of discontinued operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-16</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>267</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Marketing &amp; Sales<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-244</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-18</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-181</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">General &amp; Administration<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-58</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">92</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">13&nbsp;415</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-628</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income of discontinued operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>45</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;571</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>as % of net sales<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>nm</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>nm</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Income from associated companies<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Income before taxes of discontinued operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>47</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;573</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">36</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;809</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income of discontinued operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>83</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>10&nbsp;764</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">43</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">6. Financial instruments</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The following table illustrates the three hierarchical levels for valuing financial instruments at fair value and also those measured at amortized cost or at cost as of September 30, 2016 and December&nbsp;31, 2015. For additional information on the hierarchies and other matters, please refer to the Consolidated Financial Statements in the 2015 Annual Report, published on January 27, 2016. </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="10px">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Level 1<sup></sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Level 2<sup></sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Level 3<sup></sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Valued at amortized cost or cost<sup></sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Total<sup></sup></font>
    </td>
    <td></td>
    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
    </tr>
    <tr>
      <td height="1"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
    </tr>
    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Sep 30, <br>2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31,<br>2015<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Sep 30, <br>2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31,<br>2015<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Sep 30, <br>2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31,<br>2015<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Sep 30, <br>2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31,<br>2015<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Sep 30, <br>2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31,<br>2015<sup>  </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td width="16%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Debt securities<sup></sup></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">285</font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">316</font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">23</font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">310</font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">339</font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Equity securities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Fund investments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">31</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">29</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">31</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">33</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total available-for-sale marketable securities<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>316</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>351</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>25</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>23</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>341</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>378</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Time deposits with original maturity more than 90 days<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">115</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">164</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">115</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">164</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Derivative financial instruments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">46</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">143</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">46</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">143</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Accrued interest on debt securities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total marketable securities, time deposits and derivative financial instruments<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>316</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>351</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>71</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>166</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>116</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>166</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>503</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>687</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Financial investments and long-term loans<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Available-for-sale financial investments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">634</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">700</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">482</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">473</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;116</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;173</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Fund investments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">112</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">90</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">112</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">90</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Contingent consideration receivables<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">577</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">550</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">577</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">550</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Long-term loans and receivables from customers  and finance lease, advances, security deposits<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 569</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 653</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 569</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 653</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Financial investments and long-term loans<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>634</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>700</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;171</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;113</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>569</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>653</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;374</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;466</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Associated companies at fair value through profit or loss<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">176</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">181</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">176</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">181</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total associated companies at fair value through profit or loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>176</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>181</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>176</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>181</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Contingent consideration payables<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-797</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-790</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-797</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-790</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other financial liabilities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-155</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-315</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-155</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-315</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Derivative financial instruments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-77</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-30</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-77</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-30</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total financial liabilities at fair value<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-77</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-30</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-952</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1&nbsp;105</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1&nbsp;029</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1&nbsp;135</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">There were no changes in the first nine months of the year in the valuation techniques used for financial instruments nor significant transfers from one level to the other nor significant transactions associated with level&nbsp;3 financial instruments. During 2016, there were several individually non-significant transfers of equity securities from level 3 to level 1 for USD 60 million mainly due to Initial Public Offerings.</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The fair value of straight bonds amounted to USD 19.2 billion at September 30, 2016 (USD 17.8 billion at December 31, 2015) compared to the balance sheet value of USD 17.6 billion at September 30, 2016 (USD 17.2 billion at December 31, 2015).</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">For all other financial assets and liabilities, the carrying amount is a reasonable approximation of the fair value. The carrying amount of financial assets included in the line financial investments and long-term loans amounted to USD&nbsp;2.4 billion at September 30, 2016 (USD&nbsp;2.5 billion at December&nbsp;31, 2015) is included in line &#x201C;financial and other non-current assets&#x201D; of the condensed consolidated balance sheets.</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The Group&#x2019;s exposure to financial risks has not changed significantly during the period and there have been no major changes to the risk management department or in any risk management policies.</font><br><br></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">44</font>
</div>
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<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">7. Legal proceedings update</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">A number of Novartis companies are, and will likely continue to be, subject to various legal proceedings, including litigations, arbitrations and governmental investigations, that arise from time to time. Legal proceedings are inherently unpredictable. As a result, the Group may become subject to substantial liabilities that may not be covered by insurance and may in the future incur judgments or enter into settlements of claims that could have a material adverse effect on its results of operations or cash flow. Note 20 to the Consolidated Financial Statements in our 2015 Annual Report and 2015 Form 20-F contains a summary as of the date of these reports of significant legal proceedings to which Novartis or its subsidiaries were a party. The following is a summary as of October 24, 2016 of material developments in those proceedings, as well as any new material proceedings commenced since the date of the 2015 Annual Report and 2015 Form 20-F.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#000000; font-weight:bold; text-decoration:underline;">Investigations and related litigations<br><br></font>
</div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:normal;"><I>Northern District of Texas (NDTX) investigation: Concluded</I><br></font>
</div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">In 2012, Alcon was notified that the United States Attorney&#x2019;s office (USAO) for the NDTX was conducting an investigation relating to the export of certain Alcon medical end-use products to various countries subject to United States trade sanctions, including Iran, allegedly in violation of applicable trade sanctions, and received a grand jury subpoena requesting the production of documents for a period beginning in 2005 relating to this investigation. In June 2016, Alcon achieved civil settlements with the US Office of Foreign Assets Control (OFAC) and with the US Department of Commerce&#x2019;s Bureau of Industry and Security to pay a total of USD 9.4 million in civil monetary penalties. The settlements relate to the sale and export of medical end-use surgical and pharmaceutical products that were licensable and in fact had been previously and subsequently licensed by OFAC for Alcon. The USAO has advised Alcon that it has closed its investigation without taking action. This matter is therefore concluded.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:normal;"><I>Lucentis/</I><font style="font-weight: normal;">Avastin</font><sup>&#xAE;</sup><I> Italy </I><br></font>
</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Granting a request by Novartis, in March 2016 the council of state suspended Novartis&#x2019; appeal against the decision of the Tribunale amministrativo regionale (TAR) del Lazio and referred five legal questions to the European Court of Justice (ECJ) for a preliminary ruling. As previously reported, the TAR del Lazio decision had upheld the fines imposed on Novartis AG (NAG), Novartis Farma S.p.A., and two Roche entities for alleged collusion to artificially differentiate Avastin<sup>&#xAE;</sup> and <I>Lucentis</I> in order to avoid the erosion of the sales of <I>Lucentis</I> by off-label Avastin<sup>&#xAE;</sup> with the aim of preserving the market position of <I>Lucentis</I> in Italy. The ECJ&#x2019;s judgment is pending. Novartis continues to vigorously contest the claims.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:normal;"><I>China investigations: Concluded</I><br></font>
</div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">After reports of Chinese government investigations of other pharmaceutical companies for alleged improper use of certain China-based travel agencies to reward healthcare providers, Novartis commenced an internal investigation in 2013 concerning its local affiliates&#x2019; relationships with China-based travel agencies (and other vendors). In March 2016, NAG achieved a civil settlement with the US Securities and Exchange Commission (SEC) to pay USD 25 million to settle charges that it violated the internal controls and books-and-records provisions of the Foreign Corrupt Practices Act, without admitting or denying the findings. Novartis also agreed for two years to report to the SEC on the status of its remediation and anti-corruption compliance.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000; font-weight:normal;"><I>South Korea investigation</I><br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">In Q1 2016, the Seoul Western District Prosecutor initiated a criminal investigation into, among other things, allegations that Novartis Korea utilized medical journals to provide inappropriate economic benefits to healthcare professionals. In September 2016, a criminal trial began concerning the Prosecutor&#x2019;s allegations that Novartis Korea utilized medical journals to provide inappropriate economic benefits to healthcare professionals. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;"></font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">In addition to the matters described above, there have been other developments in the other legal matters described in Note 20 to the Consolidated Financial Statements contained in our 2015 Annual Report and 2015 Form 20-F. These do not significantly affect the assessment of management concerning the adequacy of the total provisions recorded for legal proceedings.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">45</font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">SUPPLEMENTARY INFORMATION (unaudited)</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Non-IFRS disclosures</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"><I>Core results</I></font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The Group&#x2019;s core results &ndash; including core operating income, core net income and core earnings per share &ndash; exclude the amortization of intangible assets, impairment charges, expenses relating to divestments, the integration of acquisitions and restructuring charges that exceed a threshold of USD 25 million, as well as income and expense items that management deems exceptional and that are or are expected to accumulate within the year to be over a USD 25 million threshold. </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Novartis believes that investor understanding of the Group&#x2019;s performance is enhanced by disclosing core measures of performance because, since they exclude items which can vary significantly from year to year, the core measures enable better comparison of business performance across years. For this same reason, Novartis uses these core measures in addition to IFRS and other measures as important factors in assessing the Group&#x2019;s performance. </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The following are examples of how these core measures are utilized:</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; padding-left:3.75; color:#000000;">&#x2022; In addition to monthly reports containing financial information prepared under International Financial Reporting Standards (IFRS), senior management receives a monthly analysis incorporating these core measures.</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; padding-left:3.75; color:#000000;">&#x2022; Annual budgets are prepared for both IFRS and core measures.</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Despite the use of these measures by management in setting goals and measuring the Group&#x2019;s performance, these are non-IFRS measures that have no standardized meaning prescribed by IFRS. As a result, such measures have limits in usefulness to investors.</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Because of their non-standardized definitions, the core measures (unlike IFRS measures) may not be comparable to the calculation of similar measures of other companies. These core measures are presented solely to permit investors to more fully understand how the Group&#x2019;s management assesses underlying performance. These core measures are not, and should not be viewed as, a substitute for IFRS measures.</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">As an internal measure of Group performance, these core measures have limitations, and the Group&#x2019;s performance management process is not solely restricted to these metrics. A limitation of the core measures is that they provide a view of the Group&#x2019;s operations without including all events during a period, such as the effects of an acquisition or amortization of purchased intangible assets. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"><I>Constant currencies</I></font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Changes in the relative values of non-US currencies to the US dollar can affect the Group&#x2019;s financial results and financial position. To provide additional information that may be useful to investors, including changes in sales volume, we present information about our net sales and various values relating to operating and net income that are adjusted for such foreign currency effects. </font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Constant currency calculations have the goal of eliminating two exchange rate effects so that an estimate can be made of underlying changes in the consolidated income statement excluding the impact of fluctuations in exchanges rates:</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; padding-left:3.75; color:#000000;">&#x2022; the impact of translating the income statements of consolidated entities from their non-USD functional currencies to USD; and</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; padding-left:3.75; color:#000000;">&#x2022; the impact of exchange rate movements on the major transactions of consolidated entities performed in currencies other than their functional currency.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">We calculate constant currency measures by translating the current year&#x2019;s foreign currency values for sales and other income statement items into USD using the average exchange rates from the prior year and comparing them to the prior year values in USD.</font><br><br></div>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">We use these constant currency measures in evaluating the Group&#x2019;s performance, since they may assist us in evaluating our ongoing performance from year to year. However, in performing our evaluation, we also consider equivalent measures of performance which are not affected by changes in the relative value of currencies.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"><I>Growth rate calculation</I></font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">For ease of understanding, Novartis uses a sign convention for its growth rates such that a reduction in operating expenses or losses compared to the prior year is shown as a positive growth.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"><I>Net debt and free cash flow</I></font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">Net debt and free cash flow are non-IFRS financial measures, which means they should not be interpreted as measures determined under IFRS. Net debt is presented as additional information because management believes it is a useful supplemental indicator of the Group&#x2019;s ability to pay dividends, to meet financial commitments and to invest in new strategic opportunities, including strengthening its balance sheet. Free cash flow is presented as additional information because management believes it is a useful supplemental indicator of the Group&#x2019;s ability to operate without reliance on additional borrowing or use of existing cash. Free cash flow is a measure of the net cash generated that is available for debt repayment, investment in strategic opportunities and for returning to shareholders. The definition of free cash flow used by Novartis does not include amounts related to changes in investments in associated companies nor related to acquisitions or divestments of subsidiaries. Free cash flow is not intended to be a substitute measure for cash flow from operating activities as determined under IFRS.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash;Reconciliation from IFRS results to core results &ndash; Group &ndash; Third quarter</font><br><br></div>
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      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Innovative Medicines<sup>1</sup></font>
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    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Sandoz</font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Alcon</font>
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    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Corporate</font>
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    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Group<sup></sup></font>
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      <td height="1"></td>
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      <td colspan="3" height="3"></td>
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      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
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    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<br>restated<sup>  2</sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
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    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<br>restated<sup>  2</sup></font>
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    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
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    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<br>restated<sup>  2</sup></font>
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    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
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    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>Q3 2015<sup>  </sup></font>
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    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
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    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>Q3 2015<sup>  </sup></font>
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      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
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  <tr valign="bottom" bgcolor="#cceeff">
    <td width="16%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>IFRS Operating income from continuing operations<sup></sup></b></font>
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    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;020</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;872</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>354</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>388</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-50</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>57</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-55</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-83</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;269</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;234</b></font>
    </td>
    <td align="right" width="1%"></td>
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      <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
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    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Amortization of intangible assets<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>612</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>635</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>115</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>113</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>225</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>226</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>952</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>974</b></font>
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    <td align="right"></td>
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      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
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    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Impairments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Intangible assets<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">84</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">54</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">12</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">138</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">32</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Property, plant &amp; equipment related to the Group-wide rationalization of manufacturing sites<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Other property, plant &amp; equipment<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-55</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-55</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Financial assets<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">21</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">22</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">23</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total impairment charges<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>92</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-21</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>52</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>21</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>165</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Acquisition or divestment related items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Income<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-54</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-72</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-58</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-79</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Expense<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">17</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">52</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">51</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">69</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">68</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">121</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total acquisition or divestment related items, net<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>13</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>45</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-3</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-3</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>10</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>42</b></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other exceptional items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Exceptional divestment gains<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-232</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-317</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-48</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-286</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-317</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Restructuring items<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Income<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-18</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Expense<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">82</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">100</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">17</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">29</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">145</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">146</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Legal-related items<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Income<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Expense<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">69</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">413</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-30</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">69</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">393</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Additional exceptional income<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Additional exceptional expense<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">12</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">47</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">24</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">85</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">33</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total other exceptional items<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-61</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>193</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>15</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>31</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>19</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-15</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>239</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total adjustments<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>656</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>852</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>176</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>140</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>256</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>245</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>18</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;112</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;255</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core operating income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;676</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;724</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>530</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>528</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>206</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>302</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-31</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-65</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;381</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;489</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>as % of net sales<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>32.7%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>33.0%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>21.1%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>20.8%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>14.3%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>20.6%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>27.9%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>28.4%</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Income from associated companies<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">216</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">120</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">217</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">120</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Core adjustments to income from associated companies, net of tax<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 78</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 160</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 78</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 160</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-174</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-154</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-38</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes (adjusted for above items)<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-526</font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-568</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core net income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;938</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;061</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Core net loss from discontinued operations<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-66</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core net income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;938</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;995</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core net income attributable to shareholders of Novartis AG<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;933</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;988</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core basic EPS from continuing operations (USD)<sup>3</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.23</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.27</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Core basic EPS from discontinued operations (USD)<sup>3</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-0.03</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total core basic EPS (USD)<sup>3</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.23</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.24</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="22">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Earnings per share (EPS) is calculated on the amount of net income attributable to shareholders of Novartis AG.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">48</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
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<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash;Reconciliation from IFRS results to core results &ndash; Group &ndash; Nine months to September 30</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="10px">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Innovative Medicines<sup>1</sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Sandoz</font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Alcon</font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Corporate</font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Group<sup></sup></font>
    </td>
    <td></td>
    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
    </tr>
    <tr>
      <td height="1"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
    </tr>
    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<br>restated<sup>  2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<br>restated<sup>  2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<br>restated<sup>  2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>9M 2015<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>9M 2015<sup>  </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td width="16%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>IFRS Operating income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;066</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;316</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;080</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;009</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-12</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>252</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-321</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-277</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;813</b></font>
    </td>
    <td align="right" width="1%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;300</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Amortization of intangible assets<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;835</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;730</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>345</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>333</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>672</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>678</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;852</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;741</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Impairments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Intangible assets<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">89</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">152</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">60</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">12</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">153</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">164</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Property, plant &amp; equipment related to the Group-wide rationalization of manufacturing sites<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 83</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 84</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Other property, plant &amp; equipment<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">67</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-48</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">75</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-41</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Financial assets<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">29</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">71</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">34</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">82</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">63</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total impairment charges<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>167</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>134</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>70</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>96</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>71</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>40</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>312</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>270</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Acquisition or divestment related items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Income<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-184</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-180</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-198</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-194</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Expense<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">30</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">169</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">178</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">165</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">208</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">334</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total acquisition or divestment related items, net<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>16</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>155</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-6</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-15</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>10</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>140</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other exceptional items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Exceptional divestment gains<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-570</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-481</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-48</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-624</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-481</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Restructuring items<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Income<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-31</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-63</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-17</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Expense<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">280</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">290</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">92</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">106</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">22</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">42</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">42</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">440</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">460</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Legal-related items<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Income<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-99</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-99</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">- Expense<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">205</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">413</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-30</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">205</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">393</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Additional exceptional income<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-119</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-13</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-42</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-44</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-168</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Additional exceptional expense<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">84</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">12</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">22</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">76</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">46</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">172</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">95</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total other exceptional items<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-137</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>116</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>55</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>110</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>23</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>41</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>46</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>15</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-13</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>282</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total adjustments<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;881</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;135</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>470</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>539</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>699</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>719</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>111</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>40</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;161</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;433</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core operating income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;947</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;451</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;550</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;548</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>687</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>971</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-210</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-237</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9&nbsp;974</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>10&nbsp;733</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>as % of net sales<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>32.7%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>34.0%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>20.6%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>20.6%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>15.7%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>21.4%</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>27.6%</i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>29.1%</i></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Income from associated companies<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">542</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">255</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">547</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">256</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Core adjustments to income from associated companies, net of tax<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 307</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 482</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 307</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 482</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-539</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-497</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-82</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes (adjusted for above items)<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;551</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;648</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core net income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;656</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9&nbsp;334</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Core net loss from discontinued operations<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-208</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core net income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;656</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9&nbsp;126</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core net income attributable to shareholders of Novartis AG<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;649</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9&nbsp;117</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core basic EPS from continuing operations (USD)<sup>3</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3.63</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3.87</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Core basic EPS from discontinued operations (USD)<sup>3</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-0.09</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total core basic EPS (USD)<sup>3</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3.63</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3.78</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="22">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="22">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Earnings per share (EPS) is calculated on the amount of net income attributable to shareholders of Novartis AG.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">49</font>
</div>
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<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash;<font style="font-weight: normal;">&nbsp;</font>Reconciliation from IFRS results to core results &ndash; Group &ndash; Third quarter</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2016<br>IFRS results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Amortization of <br>intangible assets<sup>      1</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br><br>Impairments<sup>      2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Acquisition or <br>divestment related <br>items, including <br>restructuring<br>and integration<br>charges<sup>      3</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Other<br>exceptional <br>items<sup>      4</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2016<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2015<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="24%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit from continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;973</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>939</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>46</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>13</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;971</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9&nbsp;108</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income  from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 2&nbsp;269</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 952</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 165</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 10</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -15</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 3&nbsp;381</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 3&nbsp;489</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Income before taxes  from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 2&nbsp;274</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 1&nbsp;031</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 165</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 10</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -16</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 3&nbsp;464</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 3&nbsp;629</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes from continuing operations<sup>5</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-329</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-526</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-568</font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;945</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;938</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;061</b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net loss from discontinued operations<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-66</font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;945</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;938</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;995</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Basic EPS from continuing operations (USD)<sup>6</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.81</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.23</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.27</b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Basic EPS from discontinued operations (USD)<sup>6</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-0.03</font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total basic EPS (USD)<sup>6</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.81</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.23</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.24</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Gross Profit from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;368</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">939</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">46</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">13</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3&nbsp;370</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3&nbsp;377</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Operating Income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;224</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">13</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">92</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">39</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;080</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;153</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">General &amp; Administration<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-456</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">28</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-428</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-553</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">530</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-58</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-314</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">158</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">216</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-610</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">68</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">219</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-296</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-241</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Income before taxes from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Income from associated companies<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">217</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">79</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">295</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">280</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Amortization of intangible assets: Cost of goods sold includes recurring amortization of acquired rights to in-market products and other production-related intangible assets; Research &amp; Development includes the recurring amortization of acquired rights for technology platforms; Income from associated companies includes USD 79 million for the Novartis share of the estimated Roche core items.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Impairments: Cost of goods sold and Research &amp; Development include impairment charges related to intangible assets; Other expense includes impairment charges related to property, plant and equipment and financial assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Acquisition or divestment related items, including restructuring and integration charges: Other income and Other expense include transitional service-fee income and expenses and other items related to the portfolio transformation.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>4&nbsp;</sup>Other exceptional items: Cost of goods sold, Other income and Other expense include net restructuring and other charges related to the Group-wide rationalization of manufacturing sites; Research &amp; Development, Other income and Other expense include other restructuring income and charges; General &amp; Administration includes items related to setup costs for Novartis Business Services; Research &amp; Development also includes adjustments of contingent considerations; Other income also includes gains from product divestments, transitional services income related to the portfolio transformation and a gain related to the sale of real estate; Other expense also includes a legal provision and other exceptional costs; Income from associated companies includes an adjustment of USD 1 million for the Novartis share of the estimated GSK Consumer Healthcare Holdings Ltd. core items.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>5&nbsp;</sup>Taxes on the adjustments between IFRS and core results take into account, for each individual item included in the adjustment, the tax rate that will finally be applicable to the item based on the jurisdiction where the adjustment will finally have a tax impact. Generally, this results in amortization and impairment of intangible assets and acquisition-related restructuring and integration items having a full tax impact. There is usually a tax impact on exceptional items although this is not always the case for items arising from legal settlements in certain jurisdictions. Adjustments related to income from associated companies are recorded net of any related tax effect. Due to these factors and the differing effective tax rates in the various jurisdictions, the tax on the total adjustments for continuing operations of USD 1.2 billion to arrive at the core results before tax amounts to USD 197 million. The average tax rate on the adjustments for continuing operations is 16.6% since the estimated full year tax charge has been applied to the pre-tax income of the period.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>6&nbsp;</sup>Earnings per share (EPS) is calculated on the amount of net income attributable to shareholders of Novartis AG.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">50</font>
</div>
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<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash;<font style="font-weight: normal;">&nbsp;</font>Reconciliation from IFRS results to core results &ndash; Group &ndash; Nine months to September 30 </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2016<br>IFRS results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Amortization of <br>intangible assets<sup>      1</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br><br>Impairments<sup>      2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Acquisition or <br>divestment related <br>items, including <br>restructuring<br>and integration<br>charges<sup>      3</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Other<br>exceptional <br>items<sup>      4</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2016<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2015<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="24%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit from continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>23&nbsp;799</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;822</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>51</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>68</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>26&nbsp;740</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>27&nbsp;636</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income  from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 6&nbsp;813</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 2&nbsp;852</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 312</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 10</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -13</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 9&nbsp;974</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 10&nbsp;733</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Income before taxes  from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 6&nbsp;739</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 3&nbsp;075</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 312</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 10</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 71</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 10&nbsp;207</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 10&nbsp;982</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes from continuing operations<sup>5</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-977</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;551</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;648</font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;762</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;656</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9&nbsp;334</b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net loss from discontinued operations<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-208</font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;762</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;656</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9&nbsp;126</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Basic EPS from continuing operations (USD)<sup>6</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2.42</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3.63</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3.87</b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Basic EPS from discontinued operations (USD)<sup>6</sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-0.09</font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #ffffff 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total basic EPS (USD)<sup>6</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2.42</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3.63</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3.78</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Gross Profit from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-13&nbsp;031</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;822</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">51</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">68</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-10&nbsp;090</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9&nbsp;919</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Operating Income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;455</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">30</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">102</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">94</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;229</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;360</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">General &amp; Administration<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;602</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">55</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;547</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;715</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;546</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-198</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-817</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">531</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">567</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;723</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">159</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">208</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">587</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-769</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-805</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Income before taxes from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Income from associated companies<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">547</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">223</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">84</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">854</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">738</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Amortization of intangible assets: Cost of goods sold includes recurring amortization of acquired rights to in-market products and other production-related intangible assets; Research &amp; Development includes the recurring amortization of acquired rights for technology platforms; Income from associated companies includes USD 223 million for the Novartis share of the estimated Roche core items.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Impairments: Cost of goods sold and Research &amp; Development include impairment charges related to intangible assets; Other expense includes impairment charges related to property, plant and equipment and financial assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Acquisition or divestment related items, including restructuring and integration charges: Other income and Other expense include transitional service-fee income and expenses and other items related to the portfolio transformation.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>4&nbsp;</sup>Other exceptional items: Cost of goods sold, Other income and Other expense include net restructuring and other charges related to the Group-wide rationalization of manufacturing sites; Research &amp; Development, Other income and Other expense include other restructuring income and charges; Cost of goods sold and Research &amp; Development include adjustments of contingent considerations; General &amp; Administration, Other income and Other expense include items related to setup costs for Novartis Business Services; Other income and Other expense also include legal settlements and changes in provisions; Other income also includes gains from product divestments, transitional services income related to the portfolio transformation and a gain related to the sale of real estate; Other expense also includes a charge as a result of a pension plan amendment and other exceptional costs; Income from associated companies includes USD 84 million for the Novartis share of the estimated GSK Consumer Healthcare Holdings Ltd. core items.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>5&nbsp;</sup>Taxes on the adjustments between IFRS and core results take into account, for each individual item included in the adjustment, the tax rate that will finally be applicable to the item based on the jurisdiction where the adjustment will finally have a tax impact. Generally, this results in amortization and impairment of intangible assets and acquisition-related restructuring and integration items having a full tax impact. There is usually a tax impact on exceptional items although this is not always the case for items arising from legal settlements in certain jurisdictions. Adjustments related to income from associated companies are recorded net of any related tax effect. Due to these factors and the differing effective tax rates in the various jurisdictions, the tax on the total adjustments for continuing operations of USD 3.5 billion to arrive at the core results before tax amounts to USD 574 million. The average tax rate on the adjustments for continuing operations is 16.6% since the estimated full year tax charge has been applied to the pre-tax income of the period.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>6&nbsp;</sup>Earnings per share (EPS) is calculated on the amount of net income attributable to shareholders of Novartis AG.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">51</font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS results to core results &ndash; Innovative Medicines<sup>1</sup> &ndash; Third quarter </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2016<br>IFRS results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Amortization of <br>intangible assets<sup>      2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br><br>Impairments<sup>      3</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Acquisition or <br>divestment related <br>items, including <br>restructuring<br>and integration<br>charges<sup>      4</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Other<br>exceptional <br>items<sup>      5</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2016<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Q3 2015<br>restated<br>Core results<sup>      6</sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="24%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;244</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>603</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;850</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;870</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;020</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>612</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>92</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>13</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-61</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;676</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;724</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Gross Profit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;280</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">603</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;674</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;687</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Operating Income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;889</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">84</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;771</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;851</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">264</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-238</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">22</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">80</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-306</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">17</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">149</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-132</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-81</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Amortization of intangible assets: Cost of goods sold includes recurring amortization of acquired rights to in-market products and other production-related intangible assets; Research &amp; Development includes the recurring amortization of acquired rights for technology platforms.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Impairments: Research &amp; Development includes impairment charges related to intangible assets; Other expense includes impairment charges related to property, plant and equipment, and financial assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>4&nbsp;</sup>Acquisition or divestment related items, including restructuring and integration charges: Other income and Other expense includes transitional service-fee income and expenses and other items related to the portfolio transformation.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>5&nbsp;</sup>Other exceptional items: Cost of goods sold, Other income and Other expense include net restructuring and other charges related to the Group-wide rationalization of manufacturing sites; Research &amp; Development, Other income and Other expense also include other restructuring income and charges; Research &amp; Development also includes an expense due to an adjustment of a contingent consideration; Other income also includes gains from product divestments; Other expense also includes a legal provision.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>6&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">52</font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS results to core results &ndash; Innovative Medicines<sup>1</sup> &ndash; Nine months to September 30 </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2016<br>IFRS results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Amortization of <br>intangible assets<sup>      2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br><br>Impairments<sup>      3</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Acquisition or <br>divestment related <br>items, including <br>restructuring<br>and integration<br>charges<sup>      4</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Other<br>exceptional <br>items<sup>      5</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2016<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>9M 2015<br>restated<br>Core results<sup>      6</sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="24%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>18&nbsp;416</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;815</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>32</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>20&nbsp;264</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>20&nbsp;918</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;066</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;835</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>167</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>16</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-137</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;947</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;451</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Gross Profit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;896</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;815</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">32</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5&nbsp;048</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;849</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Operating Income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5&nbsp;465</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">88</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">80</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5&nbsp;277</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5&nbsp;450</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">870</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-706</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">150</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">238</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-878</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">78</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">30</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">457</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-313</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-371</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Amortization of intangible assets: Cost of goods sold includes recurring amortization of acquired rights to in-market products and other production-related intangible assets; Research &amp; Development includes the recurring amortization of acquired rights for technology platforms.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Impairments: Cost of goods sold and Research &amp; Development include impairment charges related to intangible assets; Other expense includes impairment charges related to property, plant and equipment, and financial assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>4&nbsp;</sup>Acquisition or divestment related items, including restructuring and integration charges: Other income and Other expense include transitional service-fee income and expenses and other items related to the portfolio transformation.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>5&nbsp;</sup>Other exceptional items: Cost of goods sold, Other income and Other expense include net restructuring and other charges related to the Group-wide rationalization of manufacturing sites; Research &amp; Development, Other income and Other expense include other restructuring income and charges; Research &amp; Development also includes an expense due to an adjustment of a contingent consideration; Other income and Other expense also include legal settlements and changes in provisions; Other income also includes gains from product divestments; Other expense also includes a charge as a result of a pension plan amendment.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>6&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">53</font>
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<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
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  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS results to core results &ndash; Sandoz &ndash; Third quarter </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2016<br>IFRS results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Amortization of <br>intangible assets<sup>      1</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br><br>Impairments<sup>      2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Acquisition or <br>divestment related <br>items, including <br>restructuring<br>and integration<br>charges<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Other<br>exceptional <br>items<sup>      3</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2016<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Q3 2015<br>restated<br>Core results<sup>      4</sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="24%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;016</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>115</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>46</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>10</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;187</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;225</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>354</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>115</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>52</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>530</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>528</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Gross Profit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;540</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">115</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">46</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;369</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;354</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Operating Income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-204</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-196</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-191</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">62</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-17</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">45</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-61</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">16</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-47</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-34</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Amortization of intangible assets: Cost of goods sold includes recurring amortization of acquired rights to in-market products and other production-related intangible assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Impairments: Cost of goods sold and Research &amp; Development include impairment charges related to intangible assets; Other expense includes a partial reversal of impairment charges related to property, plant and equipment.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Other exceptional items: Cost of goods sold, Other income and Other expense include net restructuring and other charges related to the Group-wide rationalization of manufacturing sites; Other income and Other expense also include other restructuring income and charges; Other income also includes gains from product divestments.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>4&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">54</font>
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<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS results to core results &ndash; Sandoz &ndash; Nine months to September 30 </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2016<br>IFRS results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Amortization of <br>intangible assets<sup>      1</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br><br>Impairments<sup>      2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Acquisition or <br>divestment related <br>items, including <br>restructuring<br>and integration<br>charges<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Other<br>exceptional <br>items<sup>      3</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2016<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>9M 2015<br>restated<br>Core results<sup>      4</sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="24%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;175</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>345</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>50</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>49</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;619</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;663</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;080</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>345</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>70</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>55</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;550</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;548</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Gross Profit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;466</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">345</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">50</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">49</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;022</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3&nbsp;972</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Operating Income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-605</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-595</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-572</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">136</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-37</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">99</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">43</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-172</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">43</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-119</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-95</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Amortization of intangible assets: Cost of goods sold includes recurring amortization of acquired rights to in-market products and other production-related intangible assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Impairments: Cost of goods sold and Research &amp; Development include impairment charges related to intangible assets; Other expense includes impairment charges related to property, plant and equipment.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Other exceptional items:  Cost of goods sold, Other income and Other expense include net restructuring and other charges related to the Group-wide rationalization of manufacturing sites; Cost of goods sold, Other income and Other expense also include other restructuring income and charges; Other income also includes gains from product divestments.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>4&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">55</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
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<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS results to core results &ndash; Alcon &ndash; Third quarter </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2016<br>IFRS results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Amortization of <br>intangible assets<sup>      1</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br><br>Impairments<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Acquisition or <br>divestment related <br>items, including <br>restructuring<br>and integration<br>charges<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Other<br>exceptional <br>items<sup>      2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2016<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Q3 2015<br>restated<br>Core results<sup>      3</sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="24%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>672</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>221</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>893</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>946</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating loss/income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-50</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>225</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>31</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>206</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>302</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Gross Profit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-764</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">221</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-543</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-528</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Operating Income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-131</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-113</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-111</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">19</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">18</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">18</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-23</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Amortization of intangible assets: Cost of goods sold and Research &amp; Development include recurring amortization of acquired rights to in-market products and other production-related intangible assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Other exceptional items: Research &amp; Development, Other income and Other expense include restructuring income and charges; Research &amp; Development also includes an expense due to an adjustment of a contingent consideration.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">56</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
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<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS results to core results &ndash; Alcon &ndash; Nine months to September 30 </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2016<br>IFRS results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Amortization of <br>intangible assets<sup>      1</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br><br>Impairments<sup>      2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Acquisition or <br>divestment related <br>items, including <br>restructuring<br>and integration<br>charges<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Other<br>exceptional <br>items<sup>      3</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2016<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>9M 2015<br>restated<br>Core results<sup>      4</sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="24%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;062</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>662</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-13</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;711</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;866</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating loss/income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-12</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>672</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>23</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>687</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>971</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Gross Profit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2&nbsp;310</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">662</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-13</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;661</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;684</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Operating Income<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Research &amp; Development<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-385</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-357</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-338</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">46</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">44</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">39</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-43</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">24</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-19</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-37</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Amortization of intangible assets: Cost of goods sold and Research &amp; Development include recurring amortization of acquired rights to in-market products and other production-related intangible assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Impairments: Research &amp; Development includes impairment charges related to intangible assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Other exceptional items: Cost of goods sold includes an income due to an adjustment of a contingent consideration; Research &amp; Development, Other income and Other expense include restructuring income and charges; Research &amp; Development also includes an expense due to an adjustment of a contingent consideration.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>4&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">57</font>
</div>
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</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash;<font style="font-weight: normal;">&nbsp;</font>Reconciliation from IFRS results to core results &ndash; Corporate &ndash; Third quarter </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2016<br>IFRS results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Amortization of <br>intangible assets<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br><br>Impairments<sup>      1</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Acquisition or <br>divestment related <br>items, including <br>restructuring<br>and integration<br>charges<sup>      2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Other<br>exceptional <br>items<sup>      3</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2016<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Q3 2015<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="24%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>41</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>41</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>67</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-55</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>21</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-3</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-31</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-65</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Operating Loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">General &amp; Administration<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-64</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">28</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-36</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-142</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">185</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-54</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-58</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">73</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">113</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-217</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">21</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">51</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">36</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-109</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-103</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Impairments: Other expense includes impairment charges related to financial assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Acquisition or divestment related items, including restructuring and integration charges: Other income and Other expense include transitional service-fee income and expenses and other items related to the portfolio transformation.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Other exceptional items: General &amp; Administration, Other income and Other expense include items related to setup costs for Novartis Business Services; Other income also includes an income related to the portfolio transformation and a gain related to the sale of real estate; Other expense also includes other restructuring charges and exceptional costs.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">58</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
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<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash;<font style="font-weight: normal;">&nbsp;</font>Reconciliation from IFRS results to core results &ndash; Corporate &ndash; Nine months to September 30 </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2016<br>IFRS results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>Amortization of <br>intangible assets<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br><br>Impairments<sup>      1</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Acquisition or <br>divestment related <br>items, including <br>restructuring<br>and integration<br>charges<sup>      2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br>Other<br>exceptional <br>items<sup>      3</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2016<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br><br><br>9M 2015<br>Core results<sup>      </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="24%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>146</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>146</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="6%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>189</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-321</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>71</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-6</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>46</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-210</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-237</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following are adjustments to arrive at Core Operating Loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">General &amp; Administration<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-331</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">55</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-276</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-371</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">494</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-184</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-72</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">238</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">247</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-630</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">71</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">178</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">63</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-318</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-302</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Impairments: Other expense includes impairment charges related to financial assets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Acquisition or divestment related items, including restructuring and integration charges: Other income and Other expense include transitional service-fee income and expenses and other items related to the portfolio transformation.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Other exceptional items: General &amp; Administration, Other income and Other expense include items related to setup costs for Novartis Business Services; Other income also includes an income related to the portfolio transformation and a gain related to the sale of real estate; Other expense also includes other restructuring charges and other exceptional costs.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">59</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Discontinued operations &ndash; Third quarter 2015</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Q3 2015<br>Core results<sup>  </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="4" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="80%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="20%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-16</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="4" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-49</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Loss before taxes<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-47</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-19</font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-66</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 2px;"></td>
      <td style="border-bottom: solid #000000 2px;"></td>
      <td style="border-bottom: solid #000000 2px;"></td>
      <td style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Basic EPS (USD)<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-0.03</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="4">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following accounts have been adjusted to arrive at Core Operating Loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">95</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-104</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="4">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="4">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Discontinued operations &ndash; Nine months 2015</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2015<br>Core results<sup>  </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="4" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="80%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Gross profit<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="20%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>273</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="4" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-223</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Loss before taxes<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-221</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">13</font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
      <td style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-208</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td style="border-bottom: solid #000000 2px;"></td>
      <td style="border-bottom: solid #000000 2px;"></td>
      <td style="border-bottom: solid #000000 2px;"></td>
      <td style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Basic EPS (USD)<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-0.09</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#ffffff" height="16px" colspan="4">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following accounts have been adjusted to arrive at Core Gross Profit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-370</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td bgcolor="#cceeff" height="16px" colspan="4">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>The following accounts have been adjusted to arrive at Core Operating Loss<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other income<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">105</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other expense<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-118</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="4" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="4">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="4">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="4">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">60</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Condensed consolidated changes in net debt<font style="font-weight: normal;">&nbsp;</font>
  </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Third quarter</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Q3 2016<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015</font>
    </td>
    <td></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="56%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Change in cash and cash equivalents<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="14%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;138</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="14%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>110</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in marketable securities, commodities,  financial debt and financial derivatives<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -291</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 652</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Reduction in net debt<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;847</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>762</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net debt at July 1<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-20&nbsp;628</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-17&nbsp;399</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net debt at September 30<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-18&nbsp;781</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-16&nbsp;637</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Nine months to September 30</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2016<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015</font>
    </td>
    <td></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="56%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Change in cash and cash equivalents<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="14%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;500</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="14%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-7&nbsp;695</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in marketable securities, commodities,  financial debt and financial derivatives<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -4&nbsp;797</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;393</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Increase in net debt<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2&nbsp;297</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-10&nbsp;088</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net debt at January 1<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-16&nbsp;484</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6&nbsp;549</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net debt at September 30<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-18&nbsp;781</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-16&nbsp;637</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Components of net debt</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Sep 30, <br>2016<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Sep 30, <br>2015</font>
    </td>
    <td></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="56%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Current financial debts and derivative  financial instruments<sup></sup></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="14%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -8&nbsp;307</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="14%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -9&nbsp;289</font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Non-current financial debts<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-18&nbsp;259</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-13&nbsp;412</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Less liquidity:<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cash and cash equivalents<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7&nbsp;174</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5&nbsp;328</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Marketable securities, commodities  and derivative financial instruments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 611</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 736</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Net debt at September 30<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-18&nbsp;781</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-16&nbsp;637</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Share information </font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Sep 30, <br>2016<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Sep 30, <br>2015<sup>  </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="6" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="56%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Number of shares outstanding<sup></sup></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="14%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;375&nbsp;517&nbsp;359</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="14%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;395&nbsp;865&nbsp;400</font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Registered share price (CHF)<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>76.40</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">89.40</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">ADR price (USD)<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>78.96</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">91.92</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Market capitalization (USD billions)<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>187.8</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">219.7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Market capitalization (CHF billions)<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>181.5</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">214.2</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="6" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">61</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Free cash flow </font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Third quarter</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;269</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;234</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>35</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Reversal of non-cash items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Depreciation, amortization and impairments<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;508</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;355</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">153</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Change in provisions and other non-current liabilities<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">249</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">643</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-394</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Other<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-195</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-188</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income adjusted for non-cash items<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;831</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;044</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-213</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest and other financial receipts<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">142</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-133</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest and other financial payments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-170</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-131</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-39</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes paid<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-339</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-824</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">485</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Payments out of provisions and other  net cash movements in non-current liabilities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -339</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -280</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -59</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in inventory and trade  receivables less trade payables<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -140</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -255</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 115</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in other net current assets and  other operating cash flow items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 379</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 441</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -62</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash flows from operating activities from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;231</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;137</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>94</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of property, plant &amp; equipment<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-443</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-579</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">136</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of intangible, financial  and other non-current assets<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -536</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -201</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -335</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Proceeds from sales of property, plant &amp; equipment,  intangible and financial assets<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 339</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 431</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -92</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Free cash flow from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;591</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;788</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-197</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Free cash flow from discontinued operations<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total free cash flow<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;591</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;788</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-197</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Nine months to September 30</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;"></font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="44%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income from continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;813</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;300</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="11%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-487</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Reversal of non-cash items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Depreciation, amortization and impairments<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;343</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;146</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">197</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Change in provisions and other non-current liabilities<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">737</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;124</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-387</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Other<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-223</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-197</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Operating income adjusted for non-cash items<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>11&nbsp;670</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;544</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-874</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest and other financial receipts<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">705</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;107</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-402</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Interest and other financial payments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-677</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-519</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-158</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Taxes paid<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;320</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;926</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">606</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Payments out of provisions and other  net cash movements in non-current liabilities<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;352</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -916</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -436</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in inventory and trade  receivables less trade payables<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;664</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;807</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 143</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change in other net current assets and  other operating cash flow items<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 522</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -495</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;017</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cash flows from operating activities from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;884</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;988</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-104</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of property, plant &amp; equipment<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;276</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1&nbsp;614</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">338</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of intangible, financial  and other non-current assets<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;087</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -923</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -164</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Proceeds from sales of property, plant &amp; equipment,  intangible and financial assets<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 958</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 866</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 92</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Free cash flow from continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;479</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;317</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>162</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Free cash flow from discontinued operations<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-290</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">290</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total free cash flow<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;479</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;027</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>452</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">62</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
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  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Net sales of the top 20 Innovative Medicines<sup>1</sup> products in 2016 &ndash; Third quarter</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
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      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
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    <td></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
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    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">US</font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Rest of world</font>
    </td>
    <td></td>
    <td colspan="5" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total</font>
    </td>
    <td></td>
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      <td height="3"></td>
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      <td height="1"></td>
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      <td height="1" width="3" style="border-bottom: solid #FFFFFF 1px;"></td>
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    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
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      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
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      <td height="1"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Brands</font>
    </td>
    <td></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br>Business Franchise</font>
    </td>
    <td></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br>Indication</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br>USD m<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">% change <br>in constant<br> currencies<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br>USD m<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">% change <br>in constant<br> currencies<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br>USD m<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>% change <br>in USD<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">% change <br>in constant<br> currencies</font>
    </td>
    <td></td>
    <tr>
      <td colspan="20" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td width="12%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Gleevec/Glivec<sup></sup></i></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td width="12%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Oncology</font>
    </td>
    <td align="right" width="2%"></td>
    <td width="12%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Chronic myeloid leukemia and GIST</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 298</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -55</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 536</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 3</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 834</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -30</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -30</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Gilenya<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Neuroscience</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Relapsing multiple sclerosis</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 430</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 15</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 360</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 790</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 14</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 15</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Lucentis<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Ophthalmology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Age-related  macular degeneration</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 456</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 456</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -6</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -4</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Tasigna<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Chronic myeloid leukemia</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 182</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 259</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 441</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 6</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 8</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Sandostatin<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Carcinoid tumors and Acromegaly</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 209</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 204</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 413</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 0</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Afinitor/Votubia<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Breast cancer / TSC</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">191</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-19</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">202</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>393</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-5</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-5</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Galvus<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cardio-Metabolic</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Diabetes</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">306</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>306</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Diovan/Co&#x2013;Diovan<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Established Medicines</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Hypertension</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">31</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-43</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">230</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>261</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-8</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Cosentyx<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Immunology  and Dermatology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Psoriasis, ankylosing  spondylitis and  psoriatic arthritis</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  205</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  96</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  301</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  nm</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  nm</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Exjade/Jadenu<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Chronic iron overload</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">114</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">128</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>242</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>14</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>14</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Exforge<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Established Medicines</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Hypertension</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-69</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">227</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>232</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-5</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-5</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Xolair<sup>2</sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Respiratory</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Asthma</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">215</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">19</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>215</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>17</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>19</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Votrient<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Renal cell carcinoma</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">90</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">93</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>183</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>10</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Tafinlar/Mekinist<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Melanoma</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">77</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">95</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">68</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>172</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>27</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>29</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> Travoprost Group<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Ophthalmology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Reduction of elevated  intraocular pressure</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 46</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -21</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 105</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 151</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -6</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -8</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Promacta/Revolade<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Immune thrombocytopenic purpura</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  81</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  40</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  87</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  50</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  168</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  44</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  44</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Jakavi<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Myelofibrosis</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">149</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">47</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>149</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>45</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>47</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><I>Voltaren/Cataflam</I><sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Established Medicines</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Inflammation/pain</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">131</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>131</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-11</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-10</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Neoral/Sandimmun(e)<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Immunology  and Dermatology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Transplantation</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -25</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 121</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 130</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -4</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -5</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><I>Exelon/Exelon</I> Patch<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Neuroscience</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Alzheimer's disease</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-74</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">89</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>104</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-32</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-33</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Top 20 products total<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;983</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-12</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;089</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;072</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1</b></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Rest of portfolio<sup></sup></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">727</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;374</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;101</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-5</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-6</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Division sales<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;710</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-11</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;463</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;173</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td colspan="20">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup><b></b></div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="20">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="20">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Net sales reflect <I>Xolair</I> sales for all indications (e.g. including <I>Xolair</I> SAA and <I>Xolair</I> CSU, which is managed by the Immunology and Dermatology).</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="20">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</font>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">63</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
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<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
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<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Net sales of the top 20 Innovative Medicines<sup>1</sup> products in 2016 &ndash; Nine months to September 30</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="10px">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
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    <td></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">US</font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Rest of world</font>
    </td>
    <td></td>
    <td colspan="5" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total</font>
    </td>
    <td></td>
    <tr bgcolor="white">
      <td height="3"></td>
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      <td height="1"></td>
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      <td colspan="5" style="border-bottom: solid #999999 1px;"></td>
      <td height="1" width="3" style="border-bottom: solid #FFFFFF 1px;"></td>
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    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td colspan="5" height="3"></td>
      <td height="1"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Brands</font>
    </td>
    <td></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br>Business Franchise</font>
    </td>
    <td></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br>Indication</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br>USD m<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">% change <br>in constant<br> currencies<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br>USD m<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">% change <br>in constant<br> currencies<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br><br>USD m<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>% change <br>in USD<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">% change <br>in constant<br> currencies</font>
    </td>
    <td></td>
    <tr>
      <td colspan="20" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td width="12%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Gleevec/Glivec<sup></sup></i></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td width="12%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Oncology</font>
    </td>
    <td align="right" width="2%"></td>
    <td width="12%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Chronic myeloid leukemia and GIST</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 957</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -48</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;602</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 3</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 2&nbsp;559</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -26</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="4%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -25</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Gilenya<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Neuroscience</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Relapsing multiple sclerosis</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;243</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 15</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;056</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 15</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 2&nbsp;299</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 13</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 15</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Lucentis<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Ophthalmology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Age-related  macular degeneration</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;383</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 1&nbsp;383</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -11</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -8</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Tasigna<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Chronic myeloid leukemia</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 531</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 750</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 1&nbsp;281</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 7</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 10</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Sandostatin<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Carcinoid tumors and Acromegaly</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 635</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 603</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 1&nbsp;238</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 2</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 4</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Afinitor/Votubia<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Breast cancer / TSC</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">576</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-17</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">549</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;125</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-8</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-7</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Galvus<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Cardio-Metabolic</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Diabetes</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">895</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>895</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Diovan/Co&#x2013;Diovan<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Established Medicines</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Hypertension</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">110</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-47</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">706</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>816</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-18</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-15</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Cosentyx<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Immunology  and Dermatology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Psoriasis, ankylosing  spondylitis and  psoriatic arthritis</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  508</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  229</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  737</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  nm</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  nm</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Exjade/Jadenu<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Chronic iron overload</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">341</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">378</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>719</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Exforge<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Established Medicines</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Hypertension</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-91</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">684</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>689</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-14</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-10</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Xolair<sup>2</sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Respiratory</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Asthma</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">619</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>619</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>11</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>15</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Votrient<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Renal cell carcinoma</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">264</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">273</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>537</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>nm</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>nm</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Tafinlar/Mekinist<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Melanoma</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">222</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">272</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>494</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>nm</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>nm</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> Travoprost Group<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Ophthalmology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Reduction of elevated  intraocular pressure</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 154</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 304</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 458</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -5</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -4</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Promacta/Revolade<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Immune thrombocytopenic purpura</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  220</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  237</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  457</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  nm</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  nm</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i>Jakavi<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Oncology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Myelofibrosis</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">419</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">47</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>419</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>44</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>47</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><I>Voltaren/Cataflam</I><sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Established Medicines</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Inflammation/pain</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">389</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>389</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-7</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-3</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><i> Neoral/Sandimmun(e)<sup></sup></i></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Immunology  and Dermatology</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> Transplantation</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 30</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 359</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 389</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> -8</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><I>Exelon/Exelon</I> Patch<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Neuroscience</font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Alzheimer's disease</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">64</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-78</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">266</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>330</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-44</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-44</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Top 20 products total<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5&nbsp;860</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-8</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>11&nbsp;973</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>17&nbsp;833</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2</b></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="20" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Rest of portfolio<sup></sup></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;241</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;215</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>6&nbsp;456</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-8</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-5</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Division sales<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td>
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;101</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>16&nbsp;188</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;289</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td colspan="20">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup><b></b></div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="20">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="20">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Net sales reflect <I>Xolair</I> sales for all indications (e.g. including <I>Xolair</I> SAA and <I>Xolair</I> CSU, which is managed by the Immunology and Dermatology).</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="20">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</font>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">64</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Innovative Medicines<sup>1</sup> net sales by business franchise &ndash; Third quarter</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<br>restated<sup>  2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>% change</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>% change</font>
    </td>
    <td></td>
  </tr>
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">USD m</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">USD m<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">USD</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">cc</font>
    </td>
    <td></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td width="36%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Oncology<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="1%"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Gleevec/Glivec<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">834</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;185</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-30</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-30</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Tasigna<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">441</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">416</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Subtotal Bcr-Abl portfolio<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;275</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;601</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-20</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-20</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Sandostatin<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">413</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">419</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Afinitor/Votubia<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">393</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">414</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Exjade/Jadenu<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">242</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">213</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Votrient<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">183</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">167</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Tafinlar/Mekinist<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">172</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">135</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">29</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Promacta/Revolade<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">168</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">117</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">44</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">44</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Jakavi<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">149</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">103</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">45</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">47</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Zykadia<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">21</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">21</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">219</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">259</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-15</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-15</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Oncology business unit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;235</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;449</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-6</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-6</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b><sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Ophthalmology<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Lucentis<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">456</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">485</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Travoprost Group<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">151</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">161</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Topical Olopatadine Group<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">81</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">77</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><I>Systane</I> Group<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">96</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">92</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">586</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">558</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Ophthalmology<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;370</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;373</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Neuroscience<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Gilenya<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">790</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">696</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><I>Exelon/Exelon</I> Patch<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">104</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">152</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-32</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-33</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">30</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">41</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-27</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-28</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Neuroscience<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>924</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>889</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>5</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Immunology and Dermatology<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Cosentyx<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">301</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">88</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Neoral/Sandimmun(e)<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">130</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">135</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Zortress/Certican<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">101</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">85</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">19</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">18</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Myfortic<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">97</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">127</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-24</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-19</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Ilaris<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">73</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">57</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">28</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">29</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">41</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">41</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">11</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Subtotal Immunology and Dermatology  excluding Everolimus stent drug<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 743</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 533</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 39</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 41</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Everolimus stent drug<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Immunology and Dermatology<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>770</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>559</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>38</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>39</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Respiratory<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Ultibro Breezhaler<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">95</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">66</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">44</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">38</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Seebri Breezhaler<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">37</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">38</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Onbrez Breezhaler/Arcapta Neohaler<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">37</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">38</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Subtotal COPD<sup>3</sup> portfolio<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>169</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>142</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>19</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>18</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Xolair<sup>4</sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">215</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">184</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">17</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">19</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">200</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">226</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Respiratory<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>390</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>328</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>19</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>20</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cardio-Metabolic<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Galvus<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">306</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">281</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Entresto<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">53</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">16</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Cardio-Metabolic<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>363</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>297</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>22</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>19</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Established Medicines<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Diovan/Co-Diovan<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">261</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">287</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Exforge<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">232</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">245</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><I>Voltaren/Cataflam</I><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">131</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">148</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-10</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Ritalin/Focalin<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">62</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">75</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-17</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-17</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">435</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">604</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-28</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-31</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Established Medicines<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;121</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;359</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-18</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-18</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Pharmaceuticals business unit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;938</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;805</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Division net sales<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;173</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;254</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which Growth products<sup>5</sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;772</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;142</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">21</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which rest of portfolio<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;401</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5&nbsp;112</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-14</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="10">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Chronic Obstructive Pulmonary Disease</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>4&nbsp;</sup>Net sales reflect <I>Xolair</I> sales for all indications (e.g. including <I>Xolair</I> SAA and <I>Xolair</I> CSU, which is managed by the Immunology and Dermatology).</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>5&nbsp;</sup>Growth products are an indicator of the rejuvenation of the portfolio, and comprise products launched in a key market (EU, US, Japan) in 2011 or later, or products with exclusivity until at least 2020 in key markets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="10">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</font>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">65</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
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</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Innovative Medicines<sup>1</sup> net sales by business franchise &ndash; Nine months to September 30</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<br>restated<sup>  2</sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>% change</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>% change</font>
    </td>
    <td></td>
  </tr>
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">USD m</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">USD m<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">USD</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">cc</font>
    </td>
    <td></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td width="36%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Oncology<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="1%"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Gleevec/Glivec<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;559</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;439</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-25</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Tasigna<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;281</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;200</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Subtotal Bcr-Abl portfolio<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;840</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;639</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-17</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-16</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Sandostatin<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;238</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;217</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Afinitor/Votubia<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;125</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;225</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Exjade/Jadenu<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">719</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">669</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Votrient<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">537</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">389</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Tafinlar/Mekinist<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">494</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">306</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Promacta/Revolade<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">457</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">269</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Jakavi<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">419</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">291</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">44</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">47</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Zykadia<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">69</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">55</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">685</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">725</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Oncology business unit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9&nbsp;583</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>9&nbsp;785</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup> </sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Ophthalmology<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Lucentis<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;383</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;561</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Travoprost Group<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">458</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">481</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Topical Olopatadine Group<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">280</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">386</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-27</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-27</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><I>Systane</I> Group<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">277</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">289</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;746</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;815</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Ophthalmology<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;144</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;532</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-6</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Neuroscience<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Gilenya<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;299</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;034</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">13</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><I>Exelon/Exelon</I> Patch<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">330</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">593</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-44</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-44</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">94</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">111</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-15</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-15</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Neuroscience<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;723</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;738</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Immunology and Dermatology<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Cosentyx<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">737</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">140</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Neoral/Sandimmun(e)<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">389</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">426</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Zortress/Certican<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">294</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">246</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">22</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Myfortic<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">292</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">326</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Ilaris<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">208</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">173</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">22</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">126</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">122</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Subtotal Immunology and Dermatology  excluding Everolimus stent drug<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 2&nbsp;046</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 1&nbsp;433</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 43</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 45</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Everolimus stent drug<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">78</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">76</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Immunology and Dermatology<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;124</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;509</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>41</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>43</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup> </sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Respiratory<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Ultibro Breezhaler<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">273</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">184</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">48</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">46</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Seebri Breezhaler<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">111</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">113</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Onbrez Breezhaler/Arcapta Neohaler<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">107</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">128</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-16</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-11</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Subtotal COPD<sup>3</sup> portfolio<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>491</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>425</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>16</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>17</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Xolair<sup>4</sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">619</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">558</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">23</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">28</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-18</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Respiratory<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;133</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;011</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>15</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Cardio-Metabolic<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Galvus<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">895</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">846</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Entresto<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">102</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">16</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">nm</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Cardio-Metabolic<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;007</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>862</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>17</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>18</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup> </sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Established Medicines<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Diovan/Co-Diovan<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">816</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">992</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-18</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-15</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Exforge<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">689</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">798</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-10</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><I>Voltaren/Cataflam</I><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">389</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">418</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>Ritalin/Focalin<sup></sup></i></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">209</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">285</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-27</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-25</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;472</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;917</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-23</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-21</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Established Medicines<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3&nbsp;575</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;410</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-19</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-16</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Pharmaceuticals business unit<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>14&nbsp;706</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>15&nbsp;062</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total Division net sales<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;289</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;847</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which Growth products<sup>5</sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10&nbsp;846</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8&nbsp;852</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">23</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which rest of portfolio<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">13&nbsp;443</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15&nbsp;995</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-16</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-14</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="10">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;"></font>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Chronic Obstructive Pulmonary Disease</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>4&nbsp;</sup>Net sales reflect <I>Xolair</I> sales for all indications (e.g. including <I>Xolair</I> SAA and <I>Xolair</I> CSU, which is managed by the Immunology and Dermatology).</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>5&nbsp;</sup>Growth products are an indicator of the rejuvenation of the portfolio, and comprise products launched in a key market (EU, US, Japan) in 2011 or later, or products with exclusivity until at least 2020 in key markets.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td height="10px" colspan="10">
      <font style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</font>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">66</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Net sales by region<sup>1</sup> &ndash; Third quarter</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="10px">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015 restated<sup>   </sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> % change<sup></sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015 restated<sup>   </sup></font>
    </td>
    <td></td>
    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
    </tr>
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      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1" width="3" style="border-bottom: solid #FFFFFF 1px;"></td>
      <td height="1"></td>
      <td height="1" width="3" style="border-bottom: solid #FFFFFF 1px;"></td>
      <td colspan="3" style="border-bottom: solid #999999 1px;"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1" width="3" style="border-bottom: solid #FFFFFF 1px;"></td>
      <td height="1"></td>
      <td height="1" width="3" style="border-bottom: solid #FFFFFF 1px;"></td>
    </tr>
    <tr bgcolor="white">
      <td height="3"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td colspan="3" height="3"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">USD m</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">USD m<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">USD<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">cc<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">% of total</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">% of total<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td width="28%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Innovative Medicines<sup>2, 3</sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Europe<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;797</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;676</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">34</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">32</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">US<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;710</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;034</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-11</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">33</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">37</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Asia/Africa/Australasia<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;929</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;777</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">24</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">22</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Canada and Latin America<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">737</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">767</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;173</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>8&nbsp;254</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Established Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6&nbsp;102</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6&nbsp;271</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">75</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">76</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Emerging Growth Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;071</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;983</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">24</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Sandoz<sup>2</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Europe<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;087</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;052</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">43</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">41</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">US<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">917</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">958</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">36</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">38</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Asia/Africa/Australasia<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">341</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">370</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Canada and Latin America<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">172</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">162</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;517</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;542</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Established Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;894</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;900</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">75</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">75</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Emerging Growth Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">623</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">642</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Alcon<sup>2</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Europe<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">352</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">362</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">US<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">628</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">660</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">44</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">45</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Asia/Africa/Australasia<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">333</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">317</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">23</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">22</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Canada and Latin America<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">123</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">130</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;436</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1&nbsp;469</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-3</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Established Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;138</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;158</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">79</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">79</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Emerging Growth Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">298</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">311</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">21</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">21</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Europe<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;236</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;090</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">35</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">33</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">US<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;255</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4&nbsp;652</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">35</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">38</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Asia/Africa/Australasia<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;603</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;464</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">21</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">20</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Canada and Latin America<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;032</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;059</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;126</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>12&nbsp;265</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-1</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Established Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9&nbsp;134</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9&nbsp;329</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">75</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">76</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Emerging Growth Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;992</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;936</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">24</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td colspan="14">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="14">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Net sales from operations by location of third party customer. Emerging Growth Markets comprise all markets other than the Established Markets of the US, Canada, Western Europe, Japan, Australia and New Zealand.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="14">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="14">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">67</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Net sales by region<sup>1</sup> &ndash; Nine months to September 30</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="10px">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015 restated<sup>   </sup></font>
    </td>
    <td></td>
    <td colspan="3" align="center" height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> % change<sup></sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015 restated<sup>   </sup></font>
    </td>
    <td></td>
    <tr bgcolor="white">
      <td height="3"></td>
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    <tr bgcolor="white">
      <td height="3"></td>
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      <td height="1"></td>
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    </tr>
  </tr>
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">USD m</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">USD m<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">USD<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">cc<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">% of total</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">% of total<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td width="28%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Innovative Medicines<sup>2, 3</sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Europe<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8&nbsp;385</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7&nbsp;895</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">35</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">32</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">US<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8&nbsp;101</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8&nbsp;861</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">33</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">36</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Asia/Africa/Australasia<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5&nbsp;736</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5&nbsp;651</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">24</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">23</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Canada and Latin America<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;067</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;440</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-15</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;289</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>24&nbsp;847</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Established Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">18&nbsp;231</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">18&nbsp;570</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">75</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">75</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Emerging Growth Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6&nbsp;058</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6&nbsp;277</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Sandoz<sup>2</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Europe<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;241</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;190</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">43</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">42</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">US<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;747</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;728</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">36</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">36</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Asia/Africa/Australasia<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;054</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;101</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">14</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">15</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Canada and Latin America<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">497</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">497</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">10</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;539</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>7&nbsp;516</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Established Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5&nbsp;639</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5&nbsp;523</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">75</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">73</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Emerging Growth Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;900</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;993</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Alcon<sup>2</sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Europe<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;130</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;153</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">26</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">US<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;889</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;944</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">43</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">43</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Asia/Africa/Australasia<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">995</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;044</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-7</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">23</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">23</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Canada and Latin America<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">354</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">390</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-9</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;368</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>4&nbsp;531</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-4</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Established Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;479</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;520</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">80</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">78</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Emerging Growth Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">889</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1&nbsp;011</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-12</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">22</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Europe<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">12&nbsp;756</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">12&nbsp;238</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">35</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">33</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">US<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">12&nbsp;737</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">13&nbsp;533</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-6</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">35</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">37</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Asia/Africa/Australasia<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7&nbsp;785</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">7&nbsp;796</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">22</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">21</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Canada and Latin America<sup></sup></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2&nbsp;918</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3&nbsp;327</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-12</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Total continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>36&nbsp;196</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>36&nbsp;894</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>100</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Established Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27&nbsp;349</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">27&nbsp;613</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">76</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">75</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Of which in Emerging Growth Markets<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8&nbsp;847</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9&nbsp;281</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">4</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">24</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">25</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="14" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td colspan="14">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="14">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>1&nbsp;</sup>Net sales from operations by location of third party customer. Emerging Growth Markets comprise all markets other than the Established Markets of the US, Canada, Western Europe, Japan, Australia and New Zealand.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="14">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>2&nbsp;</sup>Restated to reflect the new divisional structures and product transfers between divisions, announced on January 27, 2016.</div>
    </td>
  </tr>
  <tr valign="bottom">
    <td colspan="14">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>3&nbsp;</sup>Formerly named the Pharmaceuticals Division.</div>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">68</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Principal currency translation rates</font><br><br></div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Third quarter</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Average <br>rates<br>Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>Average <br>rates<br>Q3 2015<sup>    </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Period-end <br>rates<br>Sep 30, <br>2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Period-end <br>rates<br>Sep 30, <br>2015<sup>    </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="36%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1 CHF<sup></sup></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.025</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.037</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.035</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.026</font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1 CNY<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.150</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.159</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.150</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.157</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1 EUR<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.116</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.112</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.121</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.122</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1 GBP<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.314</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.550</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.295</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.514</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">100 JPY<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.976</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.818</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.991</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.833</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">100 RUB<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.548</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.587</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.577</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.529</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Nine months to September 30</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"><br>Average <br>rates<br>9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><br>Average <br>rates<br>9M 2015<sup>    </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Period-end <br>rates<br>Sep 30, <br>2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Period-end <br>rates<br>Sep 30, <br>2015<sup>    </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="36%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1 CHF<sup></sup></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.020</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.050</font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.035</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.026</font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1 CNY<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.152</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.160</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.150</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.157</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1 EUR<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.116</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.115</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.121</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.122</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1 GBP<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.393</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.533</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.295</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.514</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">100 JPY<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.923</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.827</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.991</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.833</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">100 RUB<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.468</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.693</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.577</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.529</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"></div>
<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">69</font>
</div>
<div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt;">
  <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; PAGE-BREAK-AFTER: always; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade>
</div>
<div style="WIDTH: 100%; TEXT-ALIGN: center; ">&#xA0;</div>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Income from associated companies</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="36%" height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Share of estimated Roche reported results<sup></sup></i></div>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>162</i></font>
    </td>
    <td align="right" width="2%">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>160</i></font>
    </td>
    <td align="right" width="2%">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>522</i></font>
    </td>
    <td align="right" width="2%">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>528</i></font>
    </td>
    <td align="right" width="1%">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Prior-year adjustment<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-68</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-157</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Amortization of additional intangible assets recognized  by Novartis on initial accounting for the equity interest<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> -37</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> -37</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> -110</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> -113</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net income effect from Roche Holding AG<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">125</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">123</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">344</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">258</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Share of estimated GSK Consumer Healthcare  Holdings Ltd. reported results<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> 95</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> -3</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> 229</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> -3</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Prior-year adjustment<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i>-22</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i></i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;"><i>Amortization of additional intangible assets recognized  by Novartis on initial accounting for the equity interest<sup></sup></i></div>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> -4</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> </i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> -9</i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"><i> </i></font>
    </td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"> </font>
    </td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Net income effect from GlaxoSmithKline Consumer  Healthcare Holdings Ltd.<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 91</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -3</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 198</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -3</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Others<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Income from associated companies related to  continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 217</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 120</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 547</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 256</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom">
    <td colspan="10">
      <div style="font-family:Times New Roman,sans-serif;font-size:8pt; color:#000000;margin-left:5pt; text-indent:-5pt;"><sup>&nbsp;</sup></div>
    </td>
  </tr>
</table><br><div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">
  <font style="font-family:Times New Roman,sans-serif; font-size:13pt; color:#000000; font-weight:bold;">Core income from associated companies</font><br><br></div>
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
  <tr valign="bottom">
    <td height="12">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">(USD millions)</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Q3 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2015<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2016</font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2015<sup> </sup></font>
    </td>
    <td></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td width="36%" height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Income from associated companies related to  continuing operations<sup></sup></b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 217</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 120</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 547</b></font>
    </td>
    <td align="right" width="2%"></td>
    <td align="right" width="9%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 256</b></font>
    </td>
    <td align="right" width="1%"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Share of estimated Roche core adjustments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">79</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">72</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">187</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">183</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Roche prior year adjustment<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">36</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">136</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Share of estimated GSK Consumer  Healthcare Holdings Ltd. core adjustments<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -1</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 88</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 69</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 163</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">GSK Consumer Healthcare Holdings Ltd.  prior year adjustment<sup></sup></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 15</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 1px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#cceeff">
    <td height="16">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>Core income from associated companies related to  continuing operations<sup></sup></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 295</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 280</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 854</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b> 738</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
</table><br><div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">70</font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;"></font><br><br></div>




<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">Disclaimer</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">This press release contains forward-looking statements that can be identified by words such as &#8220;growth products,&#8221; &#8220;potential,&#8221; &#8220;on track,&#8221; &#8220;growth investments,&#8221; &#8220;launches,&#8221; &#8220;pipeline,&#8221; &#8220;Breakthrough Therapy,&#8221; &#8220;guidance,&#8221; &#8220;continuing,&#8221; &#8220;growth plan,&#8221; &#8220;progress,&#8221; &#8220;growth drivers,&#8221; &#8220;expected,&#8221; &#8220;innovation,&#8221; &#8220;outlook,&#8221; &#8220;invest for the future,&#8221; &#8220;priorities,&#8221; &#8220;plans,&#8221; &#8220;focus,&#8221; &#8220;launch,&#8221; &#8220;ongoing,&#8221; &#8220;accelerate,&#8221; &#8220;planning,&#8221; &#8220;progressing,&#8221; &#8220;promise,&#8221; &#8220;continues,&#8221; &#8220;drive,&#8221; &#8220;strategy,&#8221; &#8220;being addressed,&#8221; &#8220;in progress,&#8221; &#8220;pending,&#8221; &#8220;will,&#8221; &#8220;priority,&#8221; &#8220;target,&#8221; &#8220;aims,&#8221; &#8220;long-term,&#8221; &#8220;would,&#8221; &#8220;recommendation,&#8221; &#8220;planned,&#8221; &#8220;submitted,&#8221; &#8220;launched,&#8221; &#8220;Priority Review,&#8221; &#8220;investigating,&#8221; &#8220;growing,&#8221; &#8220;later this year,&#8221; &#8220;initiatives,&#8221; &#8220;contingent,&#8221; &#8220;underway,&#8221; or similar terms, or by express or implied discussions regarding potential new products, potential new indications for existing products, or regarding potential future revenues from any such products; potential shareholder returns or credit ratings; or regarding any potential financial or other impact on Novartis or any of our divisions of the strategic actions announced in January 2016 to focus our divisions, integrate certain functions and leverage our scale; or regarding any potential financial or other impact on Novartis from the creation of the Pharmaceuticals business unit and Oncology business unit to form the Innovative Medicines Division; or regarding any potential financial or other impact on Novartis as a result of the creation and operation of NBS, our centralized Technical Operations organization, or GDD; or regarding the potential financial or other impact on Novartis of the transactions with GSK, Lilly or CSL; or regarding potential future sales or earnings of the Novartis Group or any of its divisions; or by discussions of strategy, plans, expectations or intentions. You should not place undue reliance on these statements. Such forward looking statements are based on the current beliefs and expectations of management regarding future events, and are subject to significant known and unknown risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward looking statements. There can be no guarantee that any new products will be approved for sale in any market, or that any new indications will be approved for any existing products in any market, or that any approvals which are obtained will be obtained at any particular time, or that any such products will achieve any particular revenue levels. Neither can there be any guarantee that Novartis will be able to realize any of the potential strategic benefits, synergies or opportunities as a result of the creation of the Pharmaceuticals business unit and Oncology business unit to form the Innovative Medicines Division, the strategic actions announced in January 2016, the creation and operation of NBS, our centralized Technical Operations organization, or GDD, or the transactions with GSK, Lilly and CSL. Nor can there be any guarantee that Novartis or any of the businesses involved in the transactions will achieve any particular financial results in the future. Neither can there be any guarantee that shareholders will achieve any particular level of shareholder returns. Nor can there be any guarantee that the Group, or any of its divisions, will be commercially successful in the future, or achieve any particular credit rating. In particular, management&#8217;s expectations could be affected by, among other things: unexpected regulatory actions or delays or government regulation generally; the potential that the strategic benefits, synergies or opportunities expected from the creation of the Pharmaceuticals business unit and Oncology business unit to form the Innovative Medicines Division, the strategic actions announced in January 2016, the creation and operation of NBS, our centralized Technical Operations organization, and GDD, or the transactions with GSK, Lilly and CSL may not be realized or may take longer to realize than expected; the inherent uncertainties involved in predicting shareholder returns or credit ratings; the uncertainties inherent in research and development, including unexpected clinical trial results and additional analysis of existing clinical data; our ability to obtain or maintain proprietary intellectual property protection, including the ultimate extent of the impact on Novartis of the loss of patent protection and exclusivity on key products which commenced in prior years and continues this year; unexpected safety, quality or manufacturing issues; global trends toward health care cost containment, including ongoing pricing pressures, in particular from increased publicity on pharmaceuticals pricing; uncertainties regarding actual or potential legal proceedings, including, among others, actual or potential product liability litigation, litigation and investigations regarding sales and marketing practices, intellectual property disputes, and government investigations generally; general economic and industry conditions, including uncertainties regarding the effects of the persistently weak economic and financial environment in many countries; uncertainties regarding future global exchange rates, including the continued increases in value of the US dollar, our reporting currency, against a number of currencies; uncertainties regarding future demand for our products; uncertainties involved in the development of new healthcare products; uncertainties regarding potential significant breaches of data security or disruptions of our information technology systems; and other risks and factors referred to in Novartis AG&#8217;s current Form 20-F on file with the US Securities and Exchange Commission. Novartis is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise.</div>
</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">71</div>

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<div>&#160;</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">All product names appearing in italics are trademarks owned by or licensed to Novartis Group Companies. Seretide<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of GlaxoSmithKline Ltd. Enbrel<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of Amgen Inc. Jakafi<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of Incyte Corporation. Stelara<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> and Remicade<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> are registered trademarks of Janssen Biotech, Inc.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">About Novartis</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis provides innovative healthcare solutions that address the evolving needs of patients and societies. Headquartered in Basel, Switzerland, Novartis offers a diversified portfolio to best meet these needs: innovative medicines, eye care and cost-saving generic pharmaceuticals. Novartis is the only global company with leading positions in these areas. In 2015, the Group achieved net sales of USD 49.4 billion, while R&amp;D throughout the Group amounted to approximately USD 8.9 billion (USD 8.7 billion excluding impairment and amortization charges). Novartis Group companies employ approximately 118,000 full-time-equivalent associates. Novartis products are available in more than 180 countries around the world. For more information, please visit http://www.novartis.com<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">.</font></div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Important dates</div>

<div style="TEXT-ALIGN: justify">
<table id="zd9b38cc06e964d3784a6bf29e1ec53cc" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%; VERTICAL-ALIGN: text-top" cellspacing="0" cellpadding="0" align="left" border="0">
<tr>
<td style="WIDTH: 34.51%; VERTICAL-ALIGN: text-top">
<div>January 25, 2017</div>
</td>
<td style="WIDTH: 65.49%">
<div>Fourth quarter and full year results 2016, including R&amp;D <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Update, </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Basel, Switzerland, with live video webcast</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 34.51%">
<div>February 28, 2017</div>
</td>
<td style="WIDTH: 65.49%">
<div>Annual General Meeting</div>
</td>
</tr>

<tr>
<td style="WIDTH: 34.51%">
<div>April 25, 2017</div>
</td>
<td style="WIDTH: 65.49%">
<div>First quarter results 2017</div>
</td>
</tr>

<tr>
<td style="WIDTH: 34.51%">
<div>May 30-31, 2017</div>
</td>
<td style="WIDTH: 65.49%">
<div>Meet Novartis Management investor event in Boston, MA</div>
</td>
</tr>

<tr>
<td style="WIDTH: 34.51%">
<div>July 18, 2017</div>
</td>
<td style="WIDTH: 65.49%">
<div>Second quarter results 2017</div>
</td>
</tr>

<tr>
<td style="WIDTH: 34.51%">
<div>October 24, 2017</div>
</td>
<td style="WIDTH: 65.49%">
<div>Third quarter results 2017</div>
</td>
</tr>
</table>
</div>

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<div style="TEXT-ALIGN: justify">&#160;</div>
</div>

<div>
<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">72</div>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
