<SEC-DOCUMENT>0001370368-17-000070.txt : 20171024
<SEC-HEADER>0001370368-17-000070.hdr.sgml : 20171024
<ACCEPTANCE-DATETIME>20171024091832
ACCESSION NUMBER:		0001370368-17-000070
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20170930
FILED AS OF DATE:		20171024
DATE AS OF CHANGE:		20171024

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:		171150063

	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
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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: 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 24, 2017</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-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="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>
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  <a href="a171024-99_1.htm" title="99.1 Financial Report Q3 2017">99.1 Financial Report Q3 2017</a>

<br />

 <a href="a171024-99_2.htm" title="99.2 Interim Financial Report">99.2 Interim Financial Report</a>

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


    <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">SIGNATURES</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">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 24, 2017</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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<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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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a171024-99_1.htm
<DESCRIPTION>99.1 FINANCIAL REPORT Q3 2017
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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: 14pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 8pt">Novartis delivered growth on top and bottom line in all divisions in Q3</div>

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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 8pt">Net sales grew 2% (cc<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup>, +2% USD), with growth in all divisions:</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">Excluding <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font>, Oncology grew 11% (cc)</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">Alcon was up 7%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup> (cc) with strong growth in Surgical and continued growth in Vision Care</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">Sandoz grew 1% (cc) driven by growth outside the US, fully offsetting US price pressure</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 4pt">Net income grew 10% (cc, +7% USD)</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">Core<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> operating income grew 1% (cc, 0% USD) as growth drivers and productivity offset generic erosion of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font>:</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 4pt">Core EPS of USD 1.29, grew 6% (cc, +5% USD)</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-TOP: 4pt">Innovation momentum and progress on new launches continued in Q3:</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">ACZ885 CANTOS demonstrated reduced cardiovascular risk, including subgroup with 27% MACE<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup> reduction. Safety analysis indicated lung cancer mortality benefit, to be evaluated in additional studies</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 3pt">AMG 334 showed reduction in migraine days in patients with chronic migraine and prior treatment failure</div>
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<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 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" 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 2017</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" 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'; 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">12 413</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">12 126</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'">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'">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">36 194</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">36 196</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'">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'">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">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">2 357</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 269</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'">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'">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">6 559</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">6 813</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'">-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'">-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">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">2 083</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 945</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'">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'">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'; FONT-WEIGHT: bold">5 727</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">5 762</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'">-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'">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">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">0.89</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0.81</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'">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'">12</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">2.43</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2.42</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'">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'">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">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">3 064</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 591</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'">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">&#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">7 972</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">6 479</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'">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">&#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">3 382</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">3 381</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'">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'">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">9 627</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9 974</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'">-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'">-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">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">3 017</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 938</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</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">8 573</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">8 656</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'">-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'">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'; 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">1.29</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'">1.23</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">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1 </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 44 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'; FONT-WEIGHT: normal; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup> The Alcon results of the third quarter partly benefit from stock in trade movements, contributing approximately 2% (cc) of growth.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: normal; TEXT-ALIGN: justify"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup> Major Adverse Cardiac Events</div>
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<div style="BACKGROUND-COLOR: #ffffff; font-family: 'Times New Roman'; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>ALCON STRATEGIC REVIEW</u></div>

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<div style="COLOR: #000000; font-family: 'Times New Roman'; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; TEXT-ALIGN: justify">In early 2017, we announced a strategic review of the Alcon Division in order to explore all options to maximize value for our shareholders.&#160;</div>

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<div style="COLOR: #000000; font-family: 'Times New Roman'; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; TEXT-ALIGN: justify">We have made significant progress in our strategic review and have examined all options, ranging from retaining the business to IPO or a spin-off. As part of this, we have updated Alcon&#8217;s strategic plan which confirms that it has the potential to grow sales at or above market while delivering profitability at least in line with the industry. We have also made significant progress on developing a potential capital markets solution, including financial carve-outs, tax and legal entity structuring, and identifying listing and incorporation locations.</div>

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<div style="COLOR: #000000; font-family: 'Times New Roman'; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; TEXT-ALIGN: justify">We believe the Q3 and YTD 2017 results indicate that the Alcon growth acceleration plan is beginning to generate growth, executed by a strong management team. In the near-term, Alcon will benefit from focusing on completing its turnaround in performance and leveraging the infrastructure and financial strength of Novartis. The strategic review also indicates that creating a stand-alone company via a capital markets exit could create additional shareholder value. Key criteria for a final decision and timing are dependent on continued Alcon sales growth and margin improvement which need to be demonstrated for multiple quarters leading to potential action not likely before first half of 2019.</div>

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<div style="COLOR: #000000; font-family: 'Times New Roman'; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; TEXT-ALIGN: justify">Additionally, we have made the decision to move the Novartis Ophthalmic OTC products (2016 sales of USD 0.7 billion) to the Alcon Division effective January 1, 2018, where we believe the products will create most value, as they are complementary to the Alcon Vision Care business. At the same time this transfer will allow our Innovative Medicines Division to focus on delivering the exciting Novartis Rx product pipeline including RTH258. Our leading Ophthalmic prescription business (2016 sales of USD 4.8 billion) will remain with the Innovative Medicines Division.</div>

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<div style="font-family: 'Times New Roman'; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Basel, October 24, 2017 &#8212;</font> Commenting on the results, Joseph Jimenez, CEO of Novartis, said:</div>

<div style="font-family: 'Times New Roman'; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; MARGIN-TOP: 4pt; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#8220;Novartis became the first company to commercialize a CAR-T therapy, </font>Kymriah<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">, in Q3. Group sales were solid, with growth in all divisions, and Alcon delivered strong growth in both sales and core operating income. We are on track to deliver our full year guidance, and have confidence in our growth phase.&#8221;</font></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>GROUP REVIEW</u></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>Third quarter financials</u></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'; COLOR: #000000">Net sales were USD 12.4 billion (+2%, +2% cc) in the third quarter, as volume growth of 7 percentage points, including growth from </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Cosentyx, Entresto </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">and </font>Alcon<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">, was partly offset by the negative impacts of generic competition (-4 percentage points) and pricing (-1 percentage point).</font></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'; COLOR: #000000">Operating income was USD 2.4 billion (+4%, +6% cc) </font>mainly driven by growth drivers, productivity and a gain from a Swiss pension plan amendment, which were partly offset by generic erosion<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">. Core adjustments amounted to USD 1.0 billion (2016: USD 1.1 billion).</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Net income was USD 2.1 billion (+7%, +10% cc), driven by the strong operating income and higher income from associated companies.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">EPS was USD 0.89 (+10%, +12% cc), driven by growth in net income and the benefit from the share buyback program.</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'; COLOR: #000000">Core operating income was USD 3.4 billion (0%, +1% cc) </font>as growth drivers and productivity offset generic erosion<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">. Core operating income margin in constant currencies decreased 0.2 percentage points;</font> c<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">urrency had a negative impact of </font>0.5 percentage points, resulting in a net decrease of 0.7 percentage points to 27.2% of net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Core net income was USD 3.0 billion (+3%, +4% cc), driven by growth in core operating income and higher core income from associated companies.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Core EPS was USD 1.29 (+5%, +6% cc), driven by growth in core net income and the benefit from the share buyback program.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Free cash flow amounted to USD 3.1 billion (+18% USD) compared to USD 2.6 billion in prior year. The increase of USD 0.5 billion was mainly driven by improved cash flows from operating activities and lower net investments in intangible assets.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Innovative Medicines</font> net sales were USD 8.3 billion (+2%, +2% cc) in the third quarter. Volume contributed 8 percentage points to sales growth. Generic competition had a negative impact of 6 percentage points largely due to <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> genericization in Europe and the US. Pricing impact was negligible.</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'; COLOR: #000000">Operating income was USD 2.2 billion (+8%, +11% cc), mainly driven by higher sales, productivity, a gain from a Swiss pension plan amendment and lower amortization, which were partly offset by </font>generic erosion, growth investments and lower divestment gains<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">. Core adjustments were USD 478 million (2016: USD 656 million). Core operating income was USD 2.7 billion (-1%, +1% cc). Core operating income margin in constant currencies decreased by 0.3 percentage points due to generic erosion and growth investments for </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Kisqali, Cosentyx</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000"> and </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Entresto</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">, partly offset by sales growth and productivity; currency had a negative impact of 0.4 percentage points, resulting in a net decrease of 0.7 percentage points to 32.0% of net sales.</font></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 2.6 billion (+3%, +1% cc) in the third quarter, as volume growth of 8&#160;percentage points was offset by 7 percentage points of price erosion. Net sales across Europe and the rest of the world grew 9% (cc), offsetting the decline in the US (-13% cc).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating income was USD 390 million (+10%, +9% cc) mainly driven by higher sales and strong gross margin expansion, partly offset by higher M&amp;S growth investments. Core operating income was USD 580 million (+9%, +8% cc). Core operating income margin in constant currencies increased by 1.5 percentage points; currency had a negative impact of 0.2 percentage points, resulting in a net increase of 1.3 percentage points to 22.4% of net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 3pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Alcon</font> net sales were USD 1.5 billion (+6%, +7% cc) in the third quarter, with growth in both franchises in all regions. Surgical sales grew 9% (cc) with broad recovery across most market segments, including strong growth from vitreoretinal products. The Division invested in expanding its new product launches, and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Clareon AutonoMe </font>IOL was approved in the EU in October. Vision Care sales grew 4% (cc), driven by the continued double-digit growth of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font>. The Alcon results of the third quarter partly benefit from stock in trade movements, contributing approximately 2% (cc) of growth.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Operating loss was USD 50 million, in line with prior year, as sales growth was offset by impairments related to business development activities. Core operating income was USD 238 million (+16%, +23% cc) driven by higher sales. Core operating income margin in constant currencies increased by 2.1 percentage points; currency had a negative impact of 0.8 percentage points,&#160;resulting in a net increase of 1.3 percentage points to 15.6% of net sales.</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>Nine month financials</u></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'; COLOR: #000000">Net sales were USD 36.2 billion (0%, +1% cc) in the first nine months, as volume growth of 6 percentage points, including growth from </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Cosentyx, Entresto, </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">Tafinlar + Mekinist,</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000"> was offset by the negative impacts of generic competition (-3 percentage points) and pricing (-2 percentage points).</font></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'; COLOR: #000000">Operating income was USD 6.6 billion (-4%, -1% cc) </font>as generic erosion and higher impairments were mostly offset by growth drivers, productivity and lower amortization. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">Core adjustments amounted to USD 3.1 billion (2016: USD 3.2 billion).</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Net income was USD 5.7 billion (-1%, +2% cc), due to higher income from associated companies.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">EPS was USD 2.43 (0%, +3% cc), driven by net income growth and the benefit from the share buyback program.</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'; COLOR: #000000">Core operating income was USD 9.6 billion (-3%, -1% cc). Core operating income margin in constant currencies decreased 0.7 percentage points, mainly due to</font> generic erosion of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font>, partly offset by growth drivers and productivity; c<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">urrency had a negative impact of 0.3</font> percentage points, resulting in a net decrease of 1.0 percentage points to 26.6% of net sales.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Core net income was USD 8.6 billion (-1%, +1% cc), due to higher core income from associated companies.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Core EPS was USD 3.64 (0%, +2% cc), with growth in core net income and the benefit from the share buyback program.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Free cash flow amounted to USD 8.0<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion (+23% USD) compared to USD 6.5 billion in the prior year. The increase of USD 1.5<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion was mainly driven by improved 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 (0%, +2% cc) in the first nine months, as volume growth of 7 percentage points, including strong performance of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Cosentyx, Entresto, </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">Tafinlar + Mekinist,</font> more than offset the negative impact of generic competition (-5 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 6.0 billion (-2%, +2% cc). Core adjustments totaled USD 1.7 billion (2016: USD 1.9 billion)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">&#160;</font>and decreased compared to prior year mainly due to lower amortization. Core operating income was USD 7.7 billion (-4%, -1% cc). Core operating income margin in constant currencies decreased by 0.8 percentage points mainly due to generic erosion and growth investments for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto, Kisqali </font>and<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Cosentyx </font>partly offset by sales growth and productivity; currency had a negative impact of 0.3 percentage points, resulting in a net decrease of 1.1 percentage points to 31.6% 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">Sandoz</font> net sales were USD 7.5 billion (-1%, -1% cc) in the first nine months, as volume growth of 6 percentage points was more than offset by 7 percentage points of price erosion. The US sales decline (-10% cc) was mostly offset by 4% (cc) growth in Europe and the rest of the world. Global Biopharmaceuticals grew 14% (cc).</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 (-2%, -3% cc) mainly due to US pricing pressure and M&amp;S growth investments, partly offset by sales growth in the rest of world and gross margin expansion. Core operating income was USD 1.5 billion (-1%, -1% cc). Core operating income margin in constant currencies decreased by 0.1 percentage points; currency had a positive impact of 0.1 percentage points, resulting in a core operating income margin of 20.6% of net sales, in line with prior year.</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 4.5 billion (+2%, +3% cc) in the first nine months. Surgical sales (+3% cc) grew, driven by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">strong performance of the vitreoretinal portfolio and cataract consumables.</font> Vision Care sales grew (+3% cc), driven by continued double-digit 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 112 million in the first nine months, compared to a loss of USD 12 million in prior year, impacted by the growth plan and impairment charges related to business development activities. Core operating income was USD 636 million (-7%, -2% cc)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; BACKGROUND-COLOR: #ffffff">. Core operating income margin in constant currencies decreased by 0.9 percentage points; currency had a negative impact of 0.5 percentage points,&#160;resulting in a net decrease</font> of 1.4 percentage points to 14.3% of net sales.</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">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx, Entresto, Promacta/Revolade</font>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tasigna, Tafinlar + Mekinist, Jakavi</font>, and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kisqali,</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"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Cosentyx</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;</font>(USD 556 million, +83% cc) continued its positive launch trajectory in the third quarter with strong growth in PsA, AS and PsO. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> has been used to treat more than 100,000 patients since launch.</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">Entresto</font> (USD 128&#160;million, +138% cc) continued to grow, benefitting from the impact of improved access, sales force expansion in the US and broad reimbursement in Europe.</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 227 million, +36% cc) grew at a strong double-digit rate in all regions, driven by continued worldwide uptake as well as growth of the thrombopoietin class for chronic immune 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-WEIGHT: bold; FONT-STYLE: italic">Tasigna</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;</font>(USD 482 million, +12% cc) showed solid growth mainly driven by the US and phasing in Emerging Growth Markets<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">.</font></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 + Mekinist</font> (USD 224 million, +27% cc) performance was driven by double-digit growth across all regions.</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> (USD 201 million, +31% cc) showed continued double-digit growth across all regions driven by myelofibrosis and reimbursement of the second-line polycythemia vera indication in additional countries.</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">Gilenya</font> (USD 801 million, 0% cc) was in line with prior year in the US, while Europe&#8217;s solid growth was partly offset by phasing in Emerging Growth 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-WEIGHT: bold; FONT-STYLE: italic">Kisqali</font> (USD 26 million) CDK4/6 inhibitor launch progressed in the third quarter including EU approval. The full US promotional launch occurred at the end of August, and by the end of September, the vast majority of patient lives had payor access.</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">Biopharmaceuticals</font> (USD 292 million, +9% cc) grew mainly driven by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zarxio</font> in the US and launches of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Rixathon </font>(rituximab) and<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Erelzi </font>(etanercept) in the EU.</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 (+5% USD, +8% cc) driven by China (+11% cc) and Russia (+23% cc).</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Strengthen R&amp;D</u></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: justify">Benefitting 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 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Key developments from the third quarter of 2017 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 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">Kymriah </font>(tisagenlecleucel, formerly CTL019) received the first ever FDA approval for a CAR-T cell therapy. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kymriah</font> is indicated to treat children and young adults with B-cell ALL.</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">Kisqali </font>(ribociclib)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">&#160;</font>received EU approval as a first-line option for HR+/HER2- advanced or metastatic breast cancer in combination with any aromatase inhibitor.</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><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Clareon AutonoMe </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">IOL</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">was approved in the EU in October, with the most advanced optic material available in an automated, disposable and pre-loaded delivery system. </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">AutonoMe</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">IOL delivery system is easy, intuitive and enhances control for precise IOL insertion during cataract surgery.</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify"><u>Regulatory submissions and filings</u></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">ACZ885 </font>(canakinumab)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold"> CANTOS </font>phase III study met its primary endpoint with a statistically significant 15% reduction of MACE in people with a prior heart attack and inflammatory atherosclerosis. A sub-group of study participants in the 150 mg arm, whose inflammation was reduced below the median hsCRP <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">measured at three months after one dose of treatment, </font>saw a 27% relative risk reduction on primary MACE end-point. The data was presented at the European Society of Cardiology and published in the NEJM.</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">ACZ885 CANTOS </font>phase III blinded, pre-planned oncology safety analyses revealed a 77% reduction in lung cancer mortality and 67% reduction in lung cancer cases, in the 300 mg arm. The data were published in The Lancet. Novartis is discussing the lung cancer findings with regulatory authorities and plans to begin evaluation in additional Phase III confirmatory studies.</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 + Mekinist </font>phase III adjuvant study data were presented at the European Society for Medical Oncology. These data showed reduced risk of disease recurrence by 53% in patients with resected BRAF V600 mutation-positive melanoma and meaningful improvements in secondary endpoints, including overall survival, distant metastasis-free survival and freedom from relapse. In October, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar + Mekinist</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">&#160;</font>received FDA Breakthrough Therapy designation in adjuvant 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-WEIGHT: bold">AMG 334 </font>(erenumab) new analysis presented at the International Headache Society demonstrated significantly reduced monthly migraine days in patients with chronic migraine who had failed previous preventive therapies. Additionally, a dedicated cardiovascular safety study re-affirmed placebo-like tolerability.</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-WEIGHT: bold">&#160;</font>confirmed re-treatment efficacy in chronic spontaneous urticaria patients after treatment interruption, with 90% of patients regaining effective symptom control within 12 weeks of re-treatment. OPTIMA Phase IIIb data re-confirm that almost two thirds of patients treated with <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> 300 mg for 6 months are well-controlled.</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; COLOR: #000000; FONT-STYLE: italic">Lucentis</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000">&#160;</font>interim results from the<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000">&#160;</font>head to head RIVAL study were presented at EURETINA and confirmed efficacy and durability vs. aflibercept in patients with nAMD. Five-year results from the <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> LUMINOUS study, demonstrate real-world efficacy and safety across five retinal diseases.</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><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;</font>data showed long-term disease control for chronic/persistent immune thrombocytopenia (ITP). Nearly 70% of patients maintained platelet counts of &#8805;30&#215;10<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">9</sup>/L without rescue therapy for prolonged periods. More than one-third of patients permanently stopped one or more concomitant ITP medications. The data was published in Blood in October.</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 proposed biosimilar adalimumab</font> (AbbVie&#8217;s Humira<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;COLOR: #000000">&#174;</sup>) matched the reference biologic in terms of efficacy and safety in a 51-week clinical study. The biosimilar is currently under review by EMA for the treatment of several immunological diseases.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">We continued to advance all of our productivity and quality programs in the third quarter:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis Business Services (NBS), our cross-divisional services organization, continues to deliver sustainable savings with a disciplined approach to investment while improving quality of services. In addition, we continue to optimize our geographical footprint to further strengthen capabilities in the five Novartis Global Service Centers.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis Technical Operations (NTO) continues to execute on its priorities of driving efficiency through manufacturing synergy, improved resource allocation and reduction of external spend. The integrated supply chain organization is improving customer service levels, worldwide product launch coordination and its agility to respond to near-term market variability. NTO is additionally reviewing logistics strategies to improve Novartis&#8217; overall competitiveness with a more efficient distribution network.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Global Drug Development (GDD), implemented in 2016, oversees drug development across the innovative medicines and the biosimilars portfolio. The enterprise-wide approach to portfolio management is enabling better resource allocation and increased R&amp;D productivity.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis continues to drive compliance, reliable product quality and sustainable efficiency as part of the quality strategy. A total of 161 global health authority inspections were completed in the first nine months of 2017 (54 in Q3), 25 of which were conducted by the FDA (7 in Q3 2017). All were deemed good or acceptable except for a Russian Ministry of&#160;Industry and Trade inspection at Alcon&#8217;s plant in Puurs, Belgium which needs further responses before being closed out.</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>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Retaining a good balance between investment in the business, a strong capital structure and attractive shareholder returns remains a priority.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In January 2017, Novartis announced an up to USD 5 billion share buyback to be executed on the second trading line. During the first nine months of 2017, Novartis repurchased 47.0 million shares (USD 3.7 billion) under this buyback and 9.8 million shares (USD 0.8 billion) to mitigate dilution related to equity-based participation plans of associates. In addition, 2.8 million shares (USD 0.2 billion) were repurchased from associates, and 12.8 million treasury shares (USD 0.7 billion) were delivered as a result of options exercised and share deliveries related to participation plans of associates. Consequently, the total number of shares outstanding decreased by 46.8 million versus December 31, 2016. Novartis aims to offset the dilutive impact from equity-based participation plans of associates. These treasury share transactions resulted in a net cash outflow of USD 4.3 billion.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">As of September 30, 2017, the net debt increased by USD 4.7 billion to USD 20.7 billion versus December 31, 2016. The increase was mainly driven by the USD 6.5 billion annual dividend payment, net share repurchases and M&amp;A related payments, partly offset by USD 8.0 billion free cash flow in the first nine months of 2017. The long-term credit rating for the company continues to be double-A (Moody&#8217;s Investors Service Aa3; S&amp;P Global Ratings AA-; Fitch Ratings AA).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">We re-confirm our Group outlook as presented at the beginning of 2017. Group net sales in 2017 are expected to be broadly in line with the prior year (cc), after absorbing the impact of generic competition, including the continued genericization of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> in the US and Europe.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">From a divisional perspective, we expect net sales performance (cc) in 2017 to be as follows:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Sandoz: revised downward to broadly in line with prior year to a slight decrease</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Alcon: low single digit growth</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Group core operating income in 2017 is expected to be broadly in line with prior year to a low single digit decline (cc).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">If mid-October exchange rates prevail for the remainder of 2017, the currency impact for the year would be negligible on net sales and negative 1 percentage point on core operating income. The estimated impact of exchange rates on our results is provided monthly on our website.</div>
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<div>&#160;</div>

<div>&#160;</div>

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

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

<table id="z22edce0b340e49a0b497ee34c08b9406" 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; COLOR: #000000; 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 2017</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 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" 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 2017</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" 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; COLOR: #000000; 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; COLOR: #000000; 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">8 302</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">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>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">24 269</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">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; COLOR: #000000; 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">2 179</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">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">11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">5 975</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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">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'; COLOR: #000000; 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'">26.2</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'">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">&#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'">24.6</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'">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">&#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; COLOR: #000000; 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">2 657</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">7 659</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; 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'">32.0</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">
<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">&#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'">31.6</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'">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">&#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="zcf55fb6a8d824594b3beecc8ea10857d" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Sandoz</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">Q3 2017</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'">Q3 2016</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="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; 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">9M 2017</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'">9M 2016</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="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; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#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; COLOR: #000000; 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">2 584</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">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">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">7 465</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">-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>
</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; COLOR: #000000; 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">390</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">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-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">1 063</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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">-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'; COLOR: #000000; 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'">15.1</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'">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">&#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'">14.2</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'">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">&#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; COLOR: #000000; 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">580</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">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">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">1 537</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; 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'">22.4</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'">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">&#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="z526a25c7a8fa47c2a4a1ee1b7f203bb8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Alcon</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">Q3 2017</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'">Q3 2016</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="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; 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">9M 2017</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'">9M 2016</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="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; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#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; COLOR: #000000; 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">1 527</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">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">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">4 460</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">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>
</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"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">Operating </font>loss</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">-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">0</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">19</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">-112</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; 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'; COLOR: #000000; 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'">-3.3</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'">-3.5</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">&#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'">-2.5</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'">-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">&#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; COLOR: #000000; 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">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'; 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">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">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-WEIGHT: bold">636</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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">-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'; COLOR: #000000; 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'">15.6</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'">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">&#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'">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'">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">&#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>
</div>

<div>
<table id="zca843bfeb4c74f698692c3c427042ea4" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 12px">
<td style="VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold" valign="bottom">
<div>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 2017</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 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" 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 2017</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" 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; COLOR: #000000; 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="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Operating loss</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'; FONT-WEIGHT: bold">-162</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'; FONT-WEIGHT: bold">-55</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'; FONT-WEIGHT: bold; 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'; FONT-WEIGHT: bold; 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'; FONT-WEIGHT: bold">-367</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'; FONT-WEIGHT: bold">-321</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'; FONT-WEIGHT: bold">-14</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'; FONT-WEIGHT: bold">-24</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; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Core operating loss</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-93</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-31</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-WEIGHT: bold; 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-WEIGHT: bold; 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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-205</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-210</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">2</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">-10</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="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" colspan="2">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" colspan="2">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#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; COLOR: #000000; TEXT-ALIGN: left">Total Group</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">Q3 2017</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'">Q3 2016</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="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; 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">9M 2017</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'">9M 2016</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="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; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr style="HEIGHT: 15px">
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">&#160;</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: right">USD m</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: right">USD</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: right">cc</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#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; COLOR: #000000; 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">12 413</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">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>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">36 194</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">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">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; COLOR: #000000; 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">2 357</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">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">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">6 559</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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'; COLOR: #000000; 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'">19.0</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'">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">&#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'">18.1</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'">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">&#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; COLOR: #000000; 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">3 382</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">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">9 627</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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">-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'; COLOR: #000000; 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'">27.2</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'">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">&#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'">26.6</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'">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">&#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; COLOR: #000000; 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">2 083</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">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">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-WEIGHT: bold">5 727</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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">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; COLOR: #000000; 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">0.89</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">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'; FONT-WEIGHT: bold">12</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">2.43</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">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">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">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-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Cash flows from operating activities</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">3 586</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">3 231</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-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">9 213</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'; FONT-WEIGHT: bold">7 884</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-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; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; 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">3 064</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">2 591</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">18</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">7 972</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">6 479</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">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">&#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>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">nm = not meaningful</div>
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<div>
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<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 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">
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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'; COLOR: #000000">A condensed interim financial report with the information listed in the index below can be found on our website at </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">http://hugin.info/134323/R/2143757/821433.pdf.</font></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 2017 Condensed Interim Financial Report &#8211; Supplementary Data</u></div>

<div><br>
</div>

<table id="zb132fc6499e7413ba31f05cca1af3d09" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<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">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 2017</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">5</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">13</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">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">15</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">17</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">20</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 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">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">44</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">46</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">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">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">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">Sandoz</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">Alcon</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">Corporate</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'; 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">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">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">59</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">60</div>
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<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: center">64</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">66</div>
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<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'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Disclaimer</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, that can generally be identified by words such as &#8220;growing,&#8221; &#8220;driven,&#8221; &#8220;continued,&#8221; &#8220;growth drivers,&#8221; &#8220;momentum,&#8221; &#8220;progress,&#8221; &#8220;launches,&#8221; &#8220;launched,&#8221; &#8220;strategic review,&#8221; &#8220;outlook,&#8221; &#8220;on track,&#8221; &#8220;guidance,&#8221; &#8220;confidence,&#8221; &#8220;growth phase,&#8221; &#8220;expect,&#8221; &#8220;expected,&#8221; &#8220;growth plan,&#8221; &#8220;launch trajectory,&#8221; &#8220;launch,&#8221; &#8220;continued focus,&#8221; &#8220;pipelines,&#8221; &#8220;option,&#8221; &#8220;priority review,&#8221; &#8220;seeks,&#8221; &#8220;proposed,&#8221; &#8220;ongoing,&#8221; &#8220;discussing,&#8221; &#8220;plans,&#8221; &#8220;under review,&#8221; &#8220;to accelerate,&#8221; &#8220;to strengthen,&#8221; &#8220;for the future,&#8221; &#8220;continues,&#8221; &#8220;continue,&#8221; &#8220;priorities,&#8221; &#8220;improving,&#8221; &#8220;reviewing,&#8221; &#8220;strategies,&#8221; &#8220;enabling,&#8221; &#8220;strategy,&#8221; &#8220;remains a priority,&#8221; &#8220;to be executed,&#8221; &#8220;aims,&#8221; &#8220;re-confirm,&#8221; &#8220;would,&#8221; &#8220;estimated,&#8221; &#8220;will,&#8221; &#8220;potential,&#8221; &#8220;pipeline,&#8221; &#8220;initiate,&#8221; &#8220;recommended,&#8221; &#8220;recommendation,&#8221; &#8220;next-generation,&#8221; &#8220;investigating,&#8221; &#8220;evaluating,&#8221; &#8220;begin evaluation,&#8221; &#8220;commitment,&#8221; &#8220;planned,&#8221; &#8220;subject to,&#8221; &#8220;Fast Track designation,&#8221; &#8220;underway,&#8221; &#8220;submitted,&#8221; &#8220;can,&#8221; or similar expressions, 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 the potential outcome of the strategic review being undertaken to maximize shareholder value of the Alcon Division; or regarding the potential financial or other impact on Novartis or any of our divisions of the significant reorganizations of recent years, including the creation of the Pharmaceuticals and Oncology business units to form the Innovative Medicines Division, the creation of the Global Drug Development organization and Novartis Operations (including Novartis Technical Operations and Novartis Business Services), the transfer of the Ophthalmic Pharmaceuticals products of our Alcon Division to the Innovative Medicines Division, the transfer of selected mature, non-promoted pharmaceutical products from the Innovative Medicines Division to the Sandoz Division, and the transactions with GSK, Lilly and CSL; or regarding the potential impact of the share buyback plan; 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 our current beliefs and expectations 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. Nor can there be any guarantee that the strategic review being undertaken to maximize shareholder value of the Alcon Division will reach any particular results, or at any particular time. 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 significant reorganizations of recent years, including the creation of the Pharmaceuticals and Oncology business units to form the Innovative Medicines Division, the creation of the Global Drug Development organization and Novartis Operations (including Novartis Technical Operations and Novartis Business Services), the transfer of the Ophthalmic Pharmaceuticals products of our Alcon Division to the Innovative Medicines Division, the transfer of selected mature, non-promoted pharmaceutical products from the Innovative Medicines Division to the Sandoz Division, and the transactions with GSK, Lilly and CSL. 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 or financial results. In particular, our expectations could be affected by, among other things: regulatory actions or delays or government regulation generally; the potential that the strategic benefits, synergies or opportunities expected from the significant reorganizations of recent years, including the creation of the Pharmaceuticals and Oncology business units to form the Innovative Medicines Division, the creation of the Global Drug Development organization and Novartis Operations (including Novartis Technical Operations and Novartis Business Services), the transfer of the Ophthalmic Pharmaceuticals products of our Alcon Division to the Innovative Medicines Division, the transfer of selected mature, non-promoted pharmaceutical products from the Innovative Medicines Division to the Sandoz Division, and 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 the research and development of new healthcare products, including 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 will continue this year; safety, quality or manufacturing issues; global trends toward health care cost containment, including government, payor and general public pricing and reimbursement pressures; the particular prescribing preferences of physicians and patients; 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; uncertainties regarding future demand for our products; and uncertainties regarding potential significant breaches of data security or data privacy, 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: justify">All product names appearing in italics are trademarks owned by or licensed to Novartis Group companies. Jakafi<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of Incyte Corporation<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">.</font> Enbrel<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of Amgen Inc. Stelara<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a trademark of Janssen Biotech, Inc. Rituxan<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of Biogen. Humira<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of AbbVie 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">
<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, cost-saving generic and biosimilar pharmaceuticals and eye care. Novartis has leading positions globally in each of these areas. In 2016, the Group achieved net sales of USD 48.5 billion, while R&amp;D throughout the Group amounted to approximately USD 9.0 billion. Novartis Group companies employ approximately 121,000 full-time-equivalent associates. Novartis products are sold in approximately 155 countries around the world. For more information, please visit <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">http://www.novartis.com</font><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>

<div style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">November 13,</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#160;</sup><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2017<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">R&amp;D update and investor event in London</font></div>

<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">January 24, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Fourth quarter and full year results 2017</font></div>

<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">March 2, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Annual General Meeting</font></div>

<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">April 19, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">First quarter results 2018</font></div>

<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">May 15-16, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Meet Novartis Management investor event in Basel</font></div>

<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">July 18, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;&#160; <font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Second quarter results 2018</font></div>

<div style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">October 18, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;&#160;&#160; <font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Third quarter results 2018</font></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 2017 Condensed Interim Financial Report &#8211; Supplementary Data</u></div>

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<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">17</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">20</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">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; PADDING-BOTTOM: 2px">
<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">44</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">46</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">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">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">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">Sandoz</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">Alcon</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">Corporate</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'; 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">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">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">59</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">60</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">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 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">64</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">66</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">Income from associated companies</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">67</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">68</div>
</td>
</tr>
</table>

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

<div style="FONT-FAMILY: 'Times New Roman'">&#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 style="FONT-FAMILY: 'Times New Roman'">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left"><u>GROUP AND DIVISIONAL OPERATING PERFORMANCE</u></div>

<div><br>
</div>

<div><br>
</div>

<table id="z87e4f58913b04ec598ed39d9e4dc9cf1" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: middle" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; 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 2017</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 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" 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 2017</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" 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: middle; BORDER-BOTTOM: #000000 1px solid" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: right">&#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<sup style="vertical-align: text-top; line-height: 1; font-size: smaller"> 1</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'; 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<sup style="vertical-align: text-top; line-height: 1; font-size: smaller"> 1</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: middle; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Net sales to third parties</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">12 413</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">12 126</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; 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">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">36 194</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; 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>
<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>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: left">Divisional 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'">2 519</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'; 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">11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">6 926</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'; 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-STYLE: italic">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="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: left">Corporate income &amp; expense, net</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">- 162</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">- 55</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: middle; 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: middle; 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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">- 367</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">- 321</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">- 14</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">- 24</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: middle; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; 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">2 357</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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; 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">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">6 559</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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; 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">- 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: middle; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; 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">19.0</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">%</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">%</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">&#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">18.1</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">%</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">18.8</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">%</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">&#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: middle; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; 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'">262</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'; FONT-STYLE: italic">21</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">21</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">692</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'; FONT-STYLE: italic">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'; 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>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; 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'">- 197</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'; 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">- 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'">- 569</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'; 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-STYLE: italic">- 8</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: middle; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: left">Other financial income and expense</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'">14</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'">- 38</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: middle; 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; 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: middle; 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; 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'">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">&#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'">- 82</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: middle; 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; 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: middle; 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; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; 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'">- 353</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'">- 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'; FONT-STYLE: italic">- 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'; FONT-STYLE: italic">- 10</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'">- 971</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'; 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-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>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">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">2 083</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">1 945</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; 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">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>
<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">5 727</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; 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>
<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: middle; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Basic earnings per share (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">0.89</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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; FONT-STYLE: italic">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'; FONT-WEIGHT: bold; FONT-STYLE: italic">12</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">2.43</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">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; FONT-STYLE: italic">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; 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="WIDTH: 20%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Cash flows from operating activities</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">3 586</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">3 231</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-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">9 213</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'; FONT-WEIGHT: bold">7 884</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">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">&#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: middle; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Free cash flow<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup></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">3 064</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">2 591</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; FONT-STYLE: italic">18</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">7 972</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">6 479</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; FONT-STYLE: italic">23</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>
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<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>
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<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; COLOR: #000000; 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"><u>1</u></sup></div>
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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">&#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: middle; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Core 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">3 382</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'; FONT-WEIGHT: bold; FONT-STYLE: italic">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; FONT-STYLE: italic">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">9 627</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'; 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">- 1</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: 15px">
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; 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: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">27.2</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">%</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">27.9</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">%</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">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">26.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">%</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">27.6</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">%</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>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Core net income</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">3 017</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">2 938</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>
<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">8 573</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">8 656</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>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Basic core earnings per share (USD)</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">1.29</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">1.23</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'; 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">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'; FONT-WEIGHT: bold">3.64</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>
<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">3.63</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>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">nm = not meaningful</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; BACKGROUND-COLOR: #ffffff">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">Net sales were USD 12.4 billion (+2%, +2% cc) in the third quarter, as volume growth of 7 percentage points, including growth from </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Cosentyx, Entresto </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">and </font>Alcon<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">, was partly offset by the negative impacts of generic competition (-4 percentage points) and pricing (-1 percentage point).</font></div>

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<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 162 million in third quarter of 2017 compared to USD 55 million in prior year mainly due to lower gains from divestments of real estate, lower realized net gains from investments in the Novartis Venture Fund and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">a fair value adjustment to contingent liabilities</font>.</div>

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

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">Operating income was USD 2.4 billion (+4%, +6% cc) </font>mainly driven by growth drivers, productivity and a gain from a Swiss pension plan amendment, which were partly offset by generic erosion<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">. O</font>perating income margin in constant currencies increased 0.7 percentage points; currency had a negative impact of 0.4 percentage points, resulting in a net increase of 0.3 percentage points to 19.0% 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'; COLOR: #000000">Core adjustments amounted to USD 1.0 billion (2016: USD 1.1 billion). Core operating income was USD 3.4 billion (0%, +1% cc) </font>as growth drivers and productivity offset generic erosion<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">. Core operating income margin in constant currencies decreased 0.2 percentage points;</font> c<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">urrency had a negative impact of </font>0.5 percentage points, resulting in a net decrease of 0.7 percentage points to 27.2% of net sales.</div>

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

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Income from associated companies amounted to USD 262 million, compared to USD 217 million in the prior year quarter. The increase is due to a higher estimated income contribution from GSK Consumer Healthcare Holdings Ltd. of USD 119 million compared to USD 91 million in prior year, as well as to an </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;FONT-FAMILY: 'Times New Roman', serif">1</sup><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Constant currencies (cc), core results and free cash flow are non-IFRS measures. An explanation of non-IFRS measures can be found on page 44. Unless otherwise noted, all growth rates in this document refer to same period in prior year.</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">increased estimated income contribution from Roche Holding AG (Roche) of USD 142 million compared to USD 125 million in prior year.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core income from associated companies increased to USD 359 million from USD 295 million in prior year, in line with reported income from associated companies and as core income contribution from both GSK Consumer Healthcare Holdings Ltd.<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#160;</font>and Roche increased compared to prior year.</div>

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<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 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Interest expense increased to USD 197 million from USD 174 million in prior year due to higher outstanding debt. Other financial income and expense amounted to an income of USD 14 million compared to an expense of USD 38 million in the prior year quarter, mainly due to lower currency losses of USD 11 million compared to USD 44 million in prior year.</div>

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<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; BACKGROUND-COLOR: #ffffff">The tax rate was 14.5% in line with prior year. The core tax rate was 15.2% in line with prior year.</div>

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<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'; COLOR: #000000; TEXT-ALIGN: justify">Net income was USD 2.1 billion (+7%, +10% cc), driven by the strong operating income and higher income from associated companies.</div>

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

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">EPS was USD 0.89 (+10%, +12% cc), driven by growth in net income and the benefit from the share buyback program.</div>

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

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Core net income was USD 3.0 billion (+3%, +4% cc), driven by growth in core operating income and higher core income from associated companies.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Core EPS was USD 1.29 (+5%, +6% cc), driven by growth in core net income and the benefit from the share buyback program.</div>

<div><br>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Free cash flow amounted to USD 3.1 billion (+18% USD) compared to USD 2.6 billion in prior year. The increase of USD 0.5 billion was mainly driven by improved cash flows from operating activities and lower net investments in intangible assets. </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; BACKGROUND-COLOR: #ffffff">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">Net sales were USD 36.2 billion (0%, +1% cc) in the first nine months, as volume growth of 6 percentage points, including growth from </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Cosentyx, Entresto, </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">Tafinlar + Mekinist,</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000"> was offset by the negative impacts of generic competition (-3 percentage points) and pricing (-2 percentage points).</font></div>

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

<div style="BACKGROUND-COLOR: #ffffff">
<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 367 million compared to USD 321 million in prior year mainly due to <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">lower gains from divestments of real estate.</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>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">Operating income was USD 6.6 billion (-4%, -1% cc) </font>as generic erosion and higher impairments were mostly offset by growth drivers, productivity and lower amortization. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">Core adjustments amounted to USD 3.1 billion (2016: USD 3.2 billion)</font>. Operating income margin in constant currencies decreased 0.4 percentage points; currency had a negative impact of 0.3 percentage points, resulting in a net decrease of 0.7 percentage points to 18.1% of net sales.</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'; COLOR: #000000">Core adjustments amounted to USD 3.1 billion (2016: USD 3.2 billion). Core operating income was USD 9.6 billion (-3%, -1% cc). Core operating income margin in constant currencies decreased 0.7 percentage points, mainly due to</font> generic erosion of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> partly offset by growth drivers and productivity; c<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">urrency had a negative impact of 0.3</font> percentage points, resulting in a net decrease of 1.0 percentage points to 26.6% of net sales.</div>

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<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: left">Income from associated companies increased to USD 692 million from USD 547 million in prior year mainly due to higher income from the investment in GSK Consumer Healthcare Holdings Ltd. The share of income from GSK Consumer Healthcare Holdings Ltd. increased to USD 338 million from </div>
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<div style="FONT-FAMILY: 'Times New Roman'">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">USD 198 million in prior year. The increase was due to an estimated income from GSK Consumer Healthcare Holdings Ltd. of USD 291 million compared to USD 220 million in 2016, as well as the recognition of a positive prior year true up of USD 47 million based on the actual audited results for 2016, compared to a negative prior year true up of USD 22 million recognized in 2016 for 2015.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core income from associated companies increased to USD 1.0 billion from USD 854 million in the prior year period. The core income contribution from GSK Consumer Healthcare Holdings Ltd. increased to USD 368 million from USD 282 million in the first nine months of 2016, and the core income contribution from Roche increased to USD 645 million from USD 567 million in the first nine months of 2016.</div>

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<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 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Interest expense increased to USD 569 million from USD 539 million in the prior year period due to higher outstanding debt. Other financial income and expense amounted to an income of USD 16 million compared to an expense of USD 82 million in the prior year period, mainly due to lower currency losses of USD 44 million compared to USD 117 million in prior year.</div>

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

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff">The tax rate was 14.5% in line with prior year. The core tax rate was 15.2% in line with prior year.</div>

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<div><br>
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<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'; COLOR: #000000; TEXT-ALIGN: justify">Net income was USD 5.7 billion (-1%, +2% cc), due to higher income from associated companies.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">EPS was USD 2.43 (0%, +3% cc), driven by net income growth and the benefit from the share buyback program.</div>

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

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Core net income was USD 8.6 billion (-1%, +1% cc), due to higher core income from associated companies.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; TEXT-ALIGN: justify">Core EPS was USD 3.64 (0%, +2% cc), with growth in core net income and the benefit from the share buyback program.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Free cash flow amounted to USD 8.0<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion (+23% USD) compared to USD 6.5 billion in the prior year. The increase of USD 1.5<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion was mainly driven by improved cash flows from operating activities.</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>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2017</div>
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<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">8 302</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">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>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">24 269</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">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">2 179</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">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">11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">5 975</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2</font></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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; 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'">26.2</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'">24<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">.</font>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'">24.6</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'">25.<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">0</font></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-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">2 657</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">7 659</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">4</font></div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1</font></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'">32.0</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">
<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">&#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'">31.6</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'">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">&#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'; 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: left">Net sales</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Net sales were USD 8.3 billion (+2%, +2% cc) in the third quarter. Volume contributed 8 percentage points to sales growth. Generic competition had a negative impact of 6 percentage points largely due to <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> genericization in Europe and the US. Pricing impact was negligible.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Regionally, US sales (USD 2.8 billion, +4% cc) grew as <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">Entresto,</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Promacta/Revolade</font>, <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">Afinitor </font>more than offset the generic competition, largely for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font>. Europe sales (USD 2.9 billion, -1% cc) slightly declined mainly driven by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec </font>genericization, partly offset 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>, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jakavi</font>, and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto</font> growth. Japan sales (USD 0.6 billion, +1% cc) grew slightly mainly driven by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font>. Emerging Growth Markets sales increased 5% (cc) to USD 2.1 billion.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis Pharmaceuticals business unit sales were USD 5.2 billion (+6% cc). Immunology and Dermatology (USD 1.1 billion, +37% cc) sales increased, driven by strong growth of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> (USD 556 million, +83% cc) across all indications, mainly in US and Europe. In Cardio-Metabolic, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Entresto</font> (USD 128 million, +138% cc) continued to grow, benefitting from the impact of improved access and sales force expansion in the US and from broad reimbursement in Europe. Respiratory (USD 415 million, +6% cc) performance was driven by strong growth of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> (USD 245 million, +12% cc). In Neuroscience, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gilenya</font> (USD 801 million, 0% cc) was in line with prior year. Ophthalmology sales (USD 1.3 billion, -3% cc) declined mainly driven by generic impact of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Pataday</font> in the US, partly offset by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> (USD 481 million, +5% cc).</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis Oncology business unit sales were USD 3.1 billion (-4% cc) declining due to <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font> (USD 445 million, -47% cc) generic impact in Europe and the US. Excluding <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font>,<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>sales grew 11% (cc) driven by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Promacta/Revolade</font> (USD 227 million, +36% cc), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tasigna</font> (USD 482 million, +12% cc), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar + Mekinist</font> (USD 224 million, +27% cc), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jakavi</font> (USD 201 million, +31% cc), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Votrient</font> (USD 213 million, +15% cc), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exjade</font> (USD 264 million, +11% cc) and<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Kisqali</font> (USD 26 million).</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 2.2 billion (+8%, +11% cc), mainly driven by higher sales, productivity, a gain from a Swiss pension plan amendment and lower amortization, which were partly offset by generic erosion, growth investments and lower divestment gains. Operating income margin in constant currencies increased 2.1 percentage points; currency had a negative impact of 0.6 percentage points, resulting in a net increase of 1.5 percentage points to 26.2% of net sales.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core adjustments totaled USD 478 million, including USD 516 million for amortization of intangible assets, partly offset by a gain from a Swiss pension plan amendment. Prior year core adjustments were USD 656 million. Core operating income was USD 2.7 billion (-1%, +1% cc). Core operating income margin in constant currencies decreased by 0.3 percentage points; currency had a negative impact of 0.4 percentage points, resulting in a net decrease of 0.7 percentage points to 32.0% 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">Core gross margin as a percentage of net sales increased by 0.3 percentage points (cc), mainly due to higher revenues from the <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> profit sharing in the US. Core R&amp;D expenses decreased by 0.9 percentage points (cc), mainly reflecting continued productivity and resource allocation from the creation of the Global Drug Development unit. Core SG&amp;A expenses increased by 1.5 percentage points (cc), largely due to growth investments for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kisqali</font>,<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Cosentyx </font>and<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Entresto</font>. Core Other Income and Expense impact was negligible.</div>
</div>

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

<div>
<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">5</div>

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

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<div>
<div>
<div style="FONT-FAMILY: 'Times New Roman'">
<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">Innovative Medicines delivered net sales of USD 24.3 billion (0%, +2% cc) in the first nine months, as volume growth (+7 percentage points) more than offset the negative impact of generic competition (-5 percentage points). Pricing impact was negligible.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In the US (USD 8.2 billion, +1% cc), the strong performance of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx, Entresto</font>, and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Promacta/Revolade </font>was partly offset by generic competition, largely for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font>. Europe sales (USD 8.3 billion, 0% cc) were in line with prior year as <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">Jakavi</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"> Entresto</font> growth was fully offset by generic competition, largely for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gleevec/Glivec</font>. Japan sales (USD 1.8 billion, -2% cc) declined versus the prior year, mainly due to generic competition.<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #92d050">&#160;</font>Emerging Growth Markets sales increased 7% (cc) to USD 6.2 billion.</div>

<div><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 6.0 billion (-2%, +2% cc) mainly due to higher sales, productivity, lower amortization, partly offset by generic erosion, growth investments and the RLX030 net charge. Operating income margin in constant currencies increased 0.1 percentage points; currency had a negative impact of 0.5 percentage points, resulting in a net decrease of 0.4 percentage points to 24.6% 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 1.7 billion, mainly due to USD 1.6 billion of amortization of intangible assets. Prior year core adjustments were USD 1.9 billion. Core adjustments decreased compared to prior year mainly due to lower amortization. Core operating income was USD 7.7 billion&#160; (-4%, -1% cc). Core operating income margin in constant currencies decreased by 0.8 percentage points; currency had a negative impact of 0.3 percentage points, resulting in a net decrease of 1.1 percentage points to 31.6% 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 increased by 0.5 percentage points (cc) mainly driven by higher revenues from the <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> profit sharing in the US. Core R&amp;D expenses decreased by 0.9 percentage points (cc), mainly reflecting continued productivity and resource allocation from the creation of the Global Drug Development unit. Core SG&amp;A expenses increased by 1.8 percentage points (cc), largely due to launch investments. Core Other Income and Expense, net decreased the margin by 0.4 percentage points (cc).</div>

<div><br>
</div>

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

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">
<table id="z00e3cbd1e9c44ee9bf7da9db980835cd" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="VERTICAL-ALIGN: middle" 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 2017</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 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center" valign="bottom" colspan="7">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">% 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 2017</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 2016</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: center" valign="bottom" colspan="7">% change</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
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<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; TEXT-ALIGN: right" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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; TEXT-ALIGN: right" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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; TEXT-ALIGN: right" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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; TEXT-ALIGN: right" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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; TEXT-ALIGN: right" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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; TEXT-ALIGN: right" valign="bottom">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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; TEXT-ALIGN: right" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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; TEXT-ALIGN: right" valign="bottom" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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: middle; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Gleevec/Glivec</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'">445</div>
</td>
<td style="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'">834</div>
</td>
<td style="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'">-47</div>
</td>
<td style="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'">-47</div>
</td>
<td style="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'">1 495</div>
</td>
<td style="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'">2 559</div>
</td>
<td style="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'">-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; 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'">-41</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: middle; 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; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">482</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; 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; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td 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; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; 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; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 356</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 281</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td 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; 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">&#160;</td>
<td 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="WIDTH: 20%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #cceeff" 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; 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'">402</div>
</td>
<td style="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'">413</div>
</td>
<td style="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'">-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; 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'">-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; 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'">1 191</div>
</td>
<td style="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'">1 238</div>
</td>
<td style="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'">-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; 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'">-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: middle; BACKGROUND-COLOR: #ffffff" 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; 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">&#160;</td>
<td 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; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" 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: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td 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; 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">&#160;</td>
<td 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; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 118</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1 125</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td 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; 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">&#160;</td>
<td 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: middle; BACKGROUND-COLOR: #cceeff" 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; 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'">264</div>
</td>
<td style="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'">242</div>
</td>
<td style="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'">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; 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'">778</div>
</td>
<td style="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'">719</div>
</td>
<td style="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'">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; 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'">10</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: middle; 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="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">224</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; 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="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">30</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td 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; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">627</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; 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="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td 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; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; 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; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; 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="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'">227</div>
</td>
<td style="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'">168</div>
</td>
<td style="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'">35</div>
</td>
<td style="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'">36</div>
</td>
<td style="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'">612</div>
</td>
<td style="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'">457</div>
</td>
<td style="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'">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; 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'">35</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: middle; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Votrient</div>
</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td 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; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">183</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; 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="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; 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; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">595</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">537</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; 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; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; 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">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; 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; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #cceeff" 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; 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'">201</div>
</td>
<td style="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'">149</div>
</td>
<td style="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'">35</div>
</td>
<td style="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'">31</div>
</td>
<td style="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'">549</div>
</td>
<td style="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'">419</div>
</td>
<td style="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'">31</div>
</td>
<td style="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'">32</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: middle; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Kisqali</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'">26</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'">0</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: middle; 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: middle; 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'">41</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'">0</div>
</td>
<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="VERTICAL-ALIGN: middle; 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: middle; 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="WIDTH: 20%; VERTICAL-ALIGN: middle; 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="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">228</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">240</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-5</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">669</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">754</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-9</div>
</td>
<td style="WIDTH: 1%; 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: middle; 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">Total Oncology business unit</div>
</td>
<td style="WIDTH: 1%; 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">&#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">3 101</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; 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">&#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">3 235</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; 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">&#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">-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; 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">&#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">-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; 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">&#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">9 031</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; 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">&#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">9 583</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; 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">&#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</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; 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">&#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">-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>
</table>

<div><br>
</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">1</sup>Majority of sales for <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 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>

<br>
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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">Tasigna</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;</font>(USD 482 million, +12% cc) showed solid growth driven by the US and phasing in Emerging Growth Markets. <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>. In Q2, the European Commission approved the inclusion of Treatment-free Remission (TFR) data in the <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tasigna</font></div>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">6</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>
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<div>
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<div style="FONT-FAMILY: 'Times New Roman'">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Summary of Product Characteristics (SmPC). In Q3, </font>a supplemental New Drug Application (sNDA) for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tasigna</font> (nilotinib) in TFR was accepted for review by the FDA and granted priority review. </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">Gleevec/Glivec</font> (USD 445 million, -47% cc) continued to decline, driven by generic imatinib competition in most major markets. <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>

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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">Sandostatin</font> (USD 402 million, -1% cc) declined slightly due to competitive pressure. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Sandostatin</font> is a somatostatin analogue available in immediate and long-acting release injectable formulations and is indicated for the treatment of acromegaly and NET. In NET, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Sandostatin</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">LAR</font> 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>

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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">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 389 million, 0% cc) were in line with prior year as competitive pressure in the breast cancer and renal cell carcinoma indications was offset by growth in NET and TSC. <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 postmenopausal women with hormone receptor positive, human epidermal growth factor receptor-2 negative (HR+/HER2-) advanced breast cancer after recurrence or progression following a non-steroidal aromatase inhibitor (in the US, specifically after failure of treatment with letrozole or anastrozole), for patients with advanced renal cell carcinoma whose disease has progressed on or after treatment with VEGF-targeted therapy (in the US, specifically after failure of treatment with sunitinib and sorafenib), for progressive, metastatic or unresectable well- or moderately-differentiated pancreatic NET, and for the treatment of progressive, metastatic or unresectable, 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 associated with TSC that requires therapeutic intervention but cannot be curatively resected and for treatment of patients with renal angiomyolipoma associated with TSC who do not require immediate surgery. 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>

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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">Exjade/Jadenu</font> (USD 264 million, +11% cc) showed solid growth in most major markets, driven by continued uptake of Film-Coated Tablet (FCT). <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>, a once-daily oral film-coated tablet formulation, which provides a simpler administration for patients, is approved in the US, Canada, Switzerland 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 film-coated tablet formulation is approved as <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exjade</font> FCT. Regulatory applications for FCT have been submitted in several other countries worldwide. In addition to the FCT, the film-coated tablet formulation has been developed as Granules for patients who cannot swallow tablets, using the same composition as the FCT. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jadenu</font> Sprinkle granules were approved by the US FDA in May 2017, and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jadenu</font> granules were approved in Japan, in July 2017. A regulatory application for granules also has been submitted under the name <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Exjade</font> in the EU and regulatory approval is expected in 2017.</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 227 million, +36% cc) grew at a strong double-digit rate in all regions, 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 and leads the market globally in the TPO class. 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 approved in Japan for aplastic anemia as first-line therapy and for patients who are refractory 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: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Tafinlar + Mekinist</font> (USD 224 million, +27% cc) performance was driven by double-digit growth across all regions. <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</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">validated test, and continues to be the market leader globally across targeted therapy options. 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 and five years of follow up in a separate Phase II 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 countries worldwide. The combination of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar</font> + <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Mekinist</font> is also approved for the treatment of metastatic non-small cell lung cancer (NSCLC) with a BRAF V600E mutation in the US and advanced NSCLC with a BRAF V600 mutation in the EU.</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">Votrient</font> (USD 213 million, +15% cc) showed solid growth driven mainly by the US and phasing in Emerging Growth 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 inhibits 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 (STS) who have received prior chemotherapy or have progressed within 12 months after neoadjuvant therapy (efficacy in adipocytic STS or gastrointestinal stromal tumors has not been demonstrated).</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 201 million, +31% cc) showed continued double-digit growth across all regions driven by myelofibrosis (MF) and reimbursement of the second-line polycythemia vera (PV) indication in additional countries. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jakavi</font>, an oral inhibitor of the JAK 1 and JAK 2 tyrosine kinases, is the first 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 75 countries have also 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: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Kisqali</font> (USD 26 million), US launch progressed in the third quarter and EU approval was obtained. The full US promotional launch occurred at the end of August, and by the end of September, the vast majority of patient lives had payor access. Germany is currently the only major market in the EU where the product is launched and reimbursed. Other major markets in the EU are expected to gain reimbursement over the next 12 months. Additional filings are underway with other health authorities worldwide. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kisqali </font>is a selective cyclin-dependent kinase inhibitor, a class of drugs that help slow the progression of cancer by inhibiting the proteins cyclin-dependent kinase 4 and 6. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kisqali</font> was approved in combination with an aromatase inhibitor by the FDA and launched in the US in March 2017 as initial endocrine-based therapy for the treatment of postmenopausal women with hormone receptor positive, human epidermal growth factor receptor-2 negative (HR+/HER2-) advanced or metastatic breast cancer. In May 2017, FDA approved <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kisqali</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Femara</font> Co-Pack (ribociclib tablets; letrozole tablets), the first-of-its-kind in Oncology, as initial endocrine-based therapy for the treatment of HR+/HER2- advanced or metastatic breast cancer in postmenopausal women.</div>

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

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

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Q3 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">9M 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">9M 2016</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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<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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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Lucentis</div>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">481</div>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">1 403</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Travoprost Group</div>
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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'">149</div>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">-1</div>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">439</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">-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'">-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: middle; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Systane 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'">100</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" 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: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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'">292</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; 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; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff" 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: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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">
<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: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-40</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-39</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">225</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" 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: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" 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: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; 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'">544</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'">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'">-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'">-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'">1 663</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'">-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'">-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>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; 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">1 323</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">1 370</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">-3</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</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">4 022</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">-3</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</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>

<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'; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Lucentis</font> (USD 481 million, +5% cc) sales continued to grow driven by market expansion in Europe, Japan and Emerging Growth Markets, and reimbursement listing in China for nAMD indication. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Lucentis</font> is approved for six indications and is the only treatment available for all types of choroidal neovascularization (CNV). <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 launched in 33&#160;countries so far. <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.&#160;</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">Travoprost Group </font>(USD 149 million, -1% cc) sales declined mainly due to loss of exclusivity in Europe. Travoprost Group includes <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>, which are indicated for the reduction of elevated intraocular pressure in patients with open-angle glaucoma or who have ocular hypertension. 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 </font>BAK-Free<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Izba</font>) are prescribed as first-line agents. <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.</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">Systane </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Group </font>(USD 100 million, +2% cc) sales grew in the US, partly offset by a slowdown in Europe. The <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Systane </font>portfolio is a group of ocular health products, 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 <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Systane Ultra, Systane Balance, </font>and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Systane </font>Hydration, and includes<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>treatments for daily and nighttime relief, as well as products for everyday lid hygiene, and for discomfort associated with contact lens wear.</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">Topical Olopatadine Group </font>(USD 49 million, -39% cc) sales declined mainly due to the loss of exclusivity of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Pataday</font> in the US. <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>).</div>

<div><br>
</div>

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

<table id="z86d22af0508a47e78f85858eae9f4d4d" 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 2017</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 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" 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 2017</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" 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">Cosentyx</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'">556</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; 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="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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'">1 456</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'">737</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">98</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">98</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">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'">126</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">-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'">364</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">-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'">-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">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'">107</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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'">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'">298</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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'">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">Ilaris</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'">107</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" 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: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">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'">287</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" 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: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">39</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">Myfortic</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'">94</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" 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: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">-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'">274</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" 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: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">-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; 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'">73</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'">68</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'">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'">207</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'">204</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'">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="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 Immunology and Dermatology</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">1 063</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">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">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">37</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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<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">2 886</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>
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<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">36</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>
</tr>
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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">Xolair</font> sales for all indications are reported in the Respiratory franchise</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">Cosentyx</font>&#160;(USD 556 million, +83% cc) showed strong growth across all indications, driven by the US and Europe, with more than 100,000 patients treated since launch. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> is the first and only fully human monoclonal antibody that selectively neutralizes interleukin-17A (IL-17A), the key cytokine in the pathogenesis of psoriasis (PsO), ankylosing spondylitis (AS) and psoriatic arthritis (PsA), and is approved to treat PsO, AS, PsA and in Japan &#8211; pustular PsO. In clinical trials, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> has also 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 PsO. The <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> EU label was also updated to include additional hard-to-treat areas including palmoplantar, nail and scalp PsO.</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">Xolair</font> continued its strong growth globally as a treatment for chronic spontaneous urticaria (CSU), also known as chronic idiopathic urticaria (CIU). CSU is a distressing skin condition that appears</div>

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

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<div style="FONT-FAMILY: 'Times New Roman'">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">spontaneously and causes persistent hives and/or painful deeper swelling of the skin for 6 weeks or more. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> is also a treatment for moderate-to-severe or severe persistent allergic asthma (SAA), which is addressed in the Respiratory section. 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 126 million, -2% cc) is an immunosuppressant to prevent organ rejection following a kidney, liver, heart, lung or bone marrow transplant. It is also indicated for the treatment of selected autoimmune disorders, such as endogenous uveitis, nephrotic syndrome, psoriasis, rheumatoid arthritis and atopic dermatitis. Sales are declining slightly due to generic competition and mandatory price reductions, mainly in 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 107 million, +6% cc), approved in more than 100 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>. For use in drug-eluting stents Everolimus is exclusively licensed to Abbott and sublicensed to Boston Scientific.</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 107 million, +47% cc) continued to grow strongly. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ilaris</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"> is a selective, high-affinity, fully human monoclonal antibody that inhibits IL-1&#946;, a key cytokine in the inflammatory pathway, by blocking the action of IL-1&#946; for a sustained period o</font>f time, therefore inhibiting inflammation that is caused by its over-production. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ilaris</font> is approved in over 70 countries as a treatment for various inflammatory conditions, especially for adults and children with cryopyrin-associated periodic syndrome (CAPS), systemic juvenile idiopathic arthritis (SJIA), and the symptomatic treatment of refractory acute gouty arthritis. In 2016, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ilaris</font> received approval for patients with Adult-Onset Still&#8217;s Disease in Europe, and for three rare and distinct types of Periodic Fever Syndromes, also known as Hereditary Periodic Fevers, in the US and Japan. The European Commission approved <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ilaris</font> for the same three Periodic Fever Syndromes in February 2017.</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 94 million, -1% cc), a transplantation medicine, declined slightly 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'; FONT-WEIGHT: bold; TEXT-ALIGN: left">NEUROSCIENCE</div>

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<table id="z0b577e3f337b42e089b2d0b96e611a44" 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 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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" valign="bottom" colspan="6">
<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 2017</div>
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<td style="VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap">&#160;</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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" valign="bottom" colspan="6">
<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>
</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>
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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>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid" valign="bottom">&#160;</td>
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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>
<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>
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<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>
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<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>
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<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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<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'">801</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2 360</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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>

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<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'">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'">30</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'">-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'">77</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'">94</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'">-17</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 Neuroscience</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">827</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">820</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</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>
<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">2 437</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">2 393</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">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"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Gilenya</font> (USD 801<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#160;</font>million, 0% cc), was in line with prior year in the US, while Europe&#8217;s solid growth was partly offset by phasing in Emerging Growth Markets. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gilenya</font> is indicated to treat relapsing forms of multiple sclerosis (RMS) and is approved in over 80 countries. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Gilenya </font>has been used to treat more than 217,000 patients with long-term data now out to 10 years, with the total patient exposure now at more than 480,000 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'; FONT-WEIGHT: bold; TEXT-ALIGN: justify">RESPIRATORY</div>

<div><br>
</div>

<table id="z2277bb2c8f5b4e078bde6cdfbac6ef27" 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 2017</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 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" 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 2017</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" 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">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'">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'">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'">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>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" 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: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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'">8</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'">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'">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'">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'">109</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">-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: middle; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Onbrez 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'">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'">37</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">-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'">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'">107</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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-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">165</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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">483</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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">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-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'">245</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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'">12</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">673</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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'">12</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'">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'">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'">-17</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'">-29</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'">16</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'">-30</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>
</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">415</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">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">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">1 172</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">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>
<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">7</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 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">&#160;</div>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</div>

<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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</div>
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<div>
<div style="FONT-FAMILY: 'Times New Roman'">
<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</font>,<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic"> Onbrez Breezhaler </font>and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Seebri Breezhaler</font>, declined -1% (cc) to USD 165 million<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">. </font>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</font> inhalation device. In the US, Sunovion&#160;Pharmaceuticals Inc. has assumed as of December 21, 2016 US commercialization rights for these US products under the names <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Utibron Neohaler, Arcapta Neohaler and Seebri Neohaler. </font>Novartis will continue to bring<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Ultibro Breezhaler, Onbrez Breezhaler </font>and<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Seebri Breezhaler </font>to patients with COPD outside of 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-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic">Ultibro Breezhaler</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">(USD 101 million, +3% cc), a LABA/LAMA, </font>grew <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">driven by positive FLAME study&#160; results and the GOLD guidelines, which recommended LABA/LAMA as the preferred option in the majority of symptomatic patients regardless of their </font>exacerbation risk. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Ultibro Breezhaler</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">, a first-in-class dual bronchodilator, is approved in over 90 countries, including Japan and EU countries. It 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></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">Seebri Breezhaler</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>(USD 37 million, +2% cc), an inhaled LAMA is approved in over 100 countries and indicated as a<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>maintenance bronchodilator treatment to relieve symptoms of patients with COPD. Glycopyrronium bromide and certain use and formulation intellectual property were exclusively licensed to Novartis in April 2005 by Sosei and Vectura.</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">Onbrez Breezhaler</font> (USD 27 million, -16% cc), an inhaled LABA, declined, due in part to a focus of resources on <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Ultibro Breezhaler</font>. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Onbrez Breezhaler</font> is indicated as a maintenance of airflow obstruction in adult patients with COPD, and is approved in over 100 countries.</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">Xolair </font>(USD 245 million, +12% cc), currently approved in more than 90 countries as a treatment for moderate-to-severe or severe persistent allergic asthma, continued to grow strongly. In July 2016, 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. In August 2017, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> was approved in China for moderate to severe persistent allergic asthma in adults &amp; adolescents &gt; 12 years of age. This approval makes <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> the first &amp; only biologic approved for asthma in China. <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>

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

<div><br>
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<table id="z788434596c004030bbc7fcbcdacbd3da" 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 2017</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>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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" 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; 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 2017</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" 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>
</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">Entresto</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'">128</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">53</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">142</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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'">322</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">102</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">216</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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>
</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'">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'">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'">25</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'">21</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>
<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'">20</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'">21</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 Cardio-Metabolic</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">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">57</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">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">130</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">334</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">112</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">198</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">198</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="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; MARGIN-TOP: 12pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic">Entresto</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">&#160;(USD 128&#160;million, +138% cc) (sacubitril/valsartan) continued to grow, benefitting from the impact of improved access and sales force expansion in the US and from broad reimbursement in Europe. </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Entresto</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">&#160;is now approved in 92 countries and launched in nearly 50 countries to date, and has been used to treat more than 360,000 patients with heart failure with reduced ejection fraction worldwide since July 2015.&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Entresto</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">, a combination of valsartan, an angiotensin receptor blocker, and sacubitril, a neprilysin inhibitor, 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><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-STYLE: italic">Entresto</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000"> has been granted a class I recommendation in both US and EU guidelines in 2016.</font></div>

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

<table id="z169a961ed7e948fc942d7de7debc31d8" 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 2017</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 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" 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 2017</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" 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">Galvus</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'">310</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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'">906</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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">Diovan/Co-Diovan</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'">231</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" 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: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; 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; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">713</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" 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: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; 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; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">Exforge</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'">244</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" 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: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">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'">711</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" 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: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">5</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">Voltaren/Cataflam</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'">118</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" 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: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">-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'">346</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">-11</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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; 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">Exelon/Exelon </font>Patch</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'">104</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">-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'">293</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" 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: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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'">-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'; 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'">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'">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'">-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'">-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'">162</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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'">-22</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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>
</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'">398</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'">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'">-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'">-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'">1 256</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'">-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'">-12</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">1 440</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">1 531</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>
<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">4 387</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">4 800</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>
</div>

<div>&#160;</div>

<div>&#160;</div>

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

<div>
<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>

<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>
<div style="FONT-FAMILY: 'Times New Roman'">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff"><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 310 million, +3% cc) showed continued 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. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Galvus</font> is mainly promoted for the treatment of patients whose diabetes is uncontrolled on metformin as well as for special patient segments, such as elderly and renal-impaired patients. Earlier this year, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Galvus</font> was listed in the National Reimbursement Drug List (NRDL) in China. 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>

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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">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 231 million, -10% 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/Diovan HCT</font>, saw sales decline due to loss of exclusivity including in the US, EU and Japan.</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">Exforge</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold"> Group</font> (USD 244 million, +4% 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>, grew despite ongoing generic competition in the US and Japan, and beginning in Europe in 2017. Both <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 HCT</font> grew strongly<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;</font>in Emerging Growth 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-WEIGHT: bold; FONT-STYLE: italic">Voltaren/Cataflam</font> (USD 118 million, -2% cc) is a leading international brand by sales<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>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.</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">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 95 million, -10% 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 dementia in more than 20 countries.</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">Ritalin/Focalin</font> (USD 44 million, -32% 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">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>
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<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>

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

<table id="z9b49f84a34ba4c0cb5b51808957be7c1" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<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 2017</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 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" 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" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">YTD 2017</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="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">YTD 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" 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: 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 style="HEIGHT: 13px">
<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; COLOR: #000000">2 584</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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; COLOR: #000000">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; COLOR: #000000">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; COLOR: #000000">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; COLOR: #000000">7 465</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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">-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>
</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; COLOR: #000000">390</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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; COLOR: #000000">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; COLOR: #000000">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-WEIGHT: bold; COLOR: #000000">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; COLOR: #000000">1 063</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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">-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">-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">&#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'; COLOR: #000000">15.1</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'; COLOR: #000000">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">&#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'; COLOR: #000000">14.2</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'">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">&#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; COLOR: #000000">580</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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; COLOR: #000000">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; COLOR: #000000">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; COLOR: #000000">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; COLOR: #000000">1 537</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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; 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'; COLOR: #000000">22.4</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'; COLOR: #000000">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">&#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'; COLOR: #000000">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'; 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 2.6 billion (+3%, +1% cc) in the third quarter, as volume growth of 8&#160;percentage points was partially offset by 7 percentage points of price erosion. Excluding the US, net sales grew by 9% (cc).</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Sales in the US were USD 798 million (-13% cc), driven by increased pricing pressure from competition in retail generics and continued customer consolidation. Sales in Europe were USD 1.2 billion (+8% cc), driven by continuing strong growth in Italy, Russia, Switzerland and Turkey. Sales in Asia / Africa / Australasia were USD 354 million (+8% cc). Sales in Latin America were USD 110 million (+12% cc), mainly driven by Brazil.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Global sales of Biopharmaceuticals (biosimilars, biopharmaceutical contract manufacturing and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Glatopa </font>20mg) grew 9% (cc) to USD 292 million. By region, Europe continued double-digit growth supported by the recent launches of biosimilars <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Rixathon</font> (rituximab) and <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Erelzi</font> (etanercept). US Biopharmaceuticals declined primarily due to competitive pressures on Glatopa 20mg from ongoing market conversion to the 40mg version of the reference medicine.<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic"> Zarxio</font>, the first US biosimilar approved under the BPCIA pathway, continues to grow after two years on the market.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Retail sales were USD 2.2 billion (0% cc), as the decline in the US (-13% cc) was offset by growth ex-US (+7% cc). Total Anti-Infectives franchise sales were USD 359 million (+3% cc). Growth in finished dosage forms sold under the Sandoz name (USD 221 million, +7% cc), was partly offset by a decline in Anti-Infectives sold to third parties for sale under their own name (USD 137 million -3% cc).</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 390 million (+10%, +9% cc) mainly driven by higher sales and strong gross margin expansion from product mix and productivity, partly offset by higher M&amp;S growth investments. Operating income margin in constant currencies increased by 1.1 percentage points; currency had a negative impact of 0.1 percentage points resulting in a net increase of 1.0 percentage points to 15.1% 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&#160;190&#160;million, mainly due to USD 184 million of amortization, and impairments of tangible and intangible assets. Prior year core adjustments were USD 176 million, including USD 167 million for amortization, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">and impairments</font> of tangible and intangible assets. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Core operating income was USD 580 million (+9%, +8% cc). Core operating income margin increased by 1.5 percentage points (cc); c</font>urrency had a negative impact of 0.2 percentage points, resulting in a net increase of 1.3 percentage points to 22.4% 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 increased by 2.0 percentage points (cc), driven by a favorable sales mix and ongoing productivity improvements, which more than offset the impact of price erosion in the US. Core R&amp;D expenses decreased by 0.4&#160;percentage points (cc)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">.</font> Core SG&amp;A expenses increased by 1.6&#160;percentage points (cc)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#160;</font>mainly due to higher M&amp;S investments in key ex-US markets and biosimilars launches. Core Other Income and Expense, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">had a positive margin contribution of 0.7 points (cc) mainly due to gains from the divestment of non-strategic assets.</font></div>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</div>

<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>

<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>
<div style="FONT-FAMILY: 'Times New Roman'">
<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 (-1%, -1% cc) in the first nine months, as volume growth of 6 percentage points was more than offset by 7 percentage points of price erosion.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Sales in the US were USD 2.5 billion (-10% cc) mainly due to increased pricing pressure in retail generics, partly offset by growth in Biopharmaceuticals. Sales in Europe were USD 3.4 billion (+4% cc), driven by growth in Italy and Switzerland partly offset by pressure on pricing in the Nordics. Sales in Asia / Africa / Australasia were USD 1.0 billion (0% cc).</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Global sales of Biopharmaceuticals grew 14% (cc) to USD 826 million, driven by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Zarxio</font> (filgrastim), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Binocrit </font>(epoetin alfa)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">&#160;</font>and the launch of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Rixathon</font> (rituximab) in selected European markets. Sandoz now has five approved and marketed biosimilars in Europe, more than any other company. Retail Generics sales were USD 6.3 billion (-2% cc), as the decline in the US (-12% cc) more than offset growth outside the US (+3% cc). <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Total Anti-Infectives franchise sales were USD 1.0 billion (+1% cc). Growth in finished dosage forms sold under the Sandoz name (USD 646 million, +5% cc), was offset by a decline in Anti-Infectives sold to third parties for sale under their own name (USD 379 million -5% cc), r</font>eflecting the discontinuation of low-margin products impacting 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"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Operating income was USD 1.1 billion (-2%, -3% cc) </font>mainly due to US pricing pressure and M&amp;S growth investments, partly offset by sales growth in the rest of world and gross margin improvement due to sales mix and productivity.<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#160;</font>Operating income margin in constant currencies decreased 0.3 percentage points; currency had a positive impact of 0.2 percentage points, resulting in a net decrease of 0.1 percentage points to 14.2% 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&#160;474&#160;million, mainly due to USD 451 million of amortization, and impairments of tangible and intangible assets and USD 26 million of net restructuring charges.Prior year core adjustments were USD 470 million, including USD 415 million for amortization, and impairments of tangible and intangible assets and USD 61 million of net restructuring charges. Core operating income was USD 1.5 billion (-1%, -1% cc). Core operating income margin in constant currencies decreased by 0.1 percentage points, mainly due to higher M&amp;S investment in key ex-US markets and biosimilars; currency had a positive impact of 0.1 percentage points, resulting in an unchanged ratio of 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 increased by 1.3 percentage points (cc), driven by a favorable sales mix and ongoing productivity improvements, which more than offset the impact of price erosion in the US. Core R&amp;D expenses decreased by 0.2 percentage points (cc). Core SG&amp;A expenses increased by 1.5&#160;percentage points (cc), due to higher M&amp;S investments behind growth drivers. Core Other Income and Expense, net decreased the margin by 0.1&#160;percentage points (cc).</div>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</div>

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

<table id="z19d83d8b58a9453c9237ebb2d28d9d9a" 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 2017</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 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" 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 2017</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" 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; COLOR: #000000">1 527</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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; COLOR: #000000">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; COLOR: #000000">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; COLOR: #000000">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; COLOR: #000000">4 460</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td 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; COLOR: #000000">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; COLOR: #000000">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; COLOR: #000000">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; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Operating loss</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; COLOR: #000000">-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; COLOR: #000000">-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; COLOR: #000000">0</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; COLOR: #000000">19</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; COLOR: #000000">-112</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; COLOR: #000000">-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: middle; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; 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: middle; BACKGROUND-COLOR: #ffffff" valign="bottom" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; 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'; COLOR: #000000">-3.3</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'; COLOR: #000000">-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">&#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'; COLOR: #000000">-2.5</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'; COLOR: #000000">-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">&#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; COLOR: #000000">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'; FONT-WEIGHT: bold; COLOR: #000000">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; COLOR: #000000">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; COLOR: #000000">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-WEIGHT: bold; COLOR: #000000">636</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td 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; COLOR: #000000">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; COLOR: #000000">-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; COLOR: #000000">-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'; COLOR: #000000">15.6</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'; COLOR: #000000">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">&#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'; COLOR: #000000">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'; COLOR: #000000">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">&#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 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'; 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 1.5 billion (+6%, +7% cc) in the third quarter, driven by growth in most market segments. Alcon delivered strong performance in the third quarter as a result of the actions taken to strengthen customer relationships and improve the efficiency and effectiveness of operations, along with increased promotional investment and new launches. The Alcon results of the third quarter partly benefit from stock in trade movements, contributing approximately 2% (cc) of growth.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">All regions grew, with growth in both franchises. Sales in the US grew 3% (cc), Europe Middle East and Africa grew 4% (cc) and Asia sales, including Japan, grew double-digit (cc). Emerging Growth Markets grew 21% (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, in line with prior year, as sales growth and gross margin improvements were offset by impairments related to business development activities. Operating income margin in constant currencies grew 1.1 percentage points; currency had a negative impact of 0.9 percentage points, resulting in a net increase of 0.2 percentage points to negative 3.3% 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 288 million, driven by amortization and impairments of intangible assets. Prior year core adjustments were USD 256 million mainly due to amortization of intangible assets and restructuring. Core operating income was USD 238 million (+16%, +23% cc), driven by higher sales. Core operating income margin in constant currencies increased by 2.1 percentage points; currency had a negative impact of 0.8 percentage points,&#160;resulting in a net increase of 1.3 percentage points to 15.6% 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> increased 1.0 percentage points (cc) versus the prior year quarter mainly driven by higher sales. Core R&amp;D expenses increased by 0.1 percentage points (cc). Core SG&amp;A expenses decreased by 1.7 percentage points (cc) driven by sales uptake. Core Other Income and Expense, net decreased 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: 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 4.5 billion (+2%, +3% cc) in the first nine months. Surgical sales grew +3% (cc), driven by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">strong performance of the vitreoretinal portfolio and cataract consumables.</font> Vision Care sales grew +3% (cc), driven by continued double-digit growth of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font>.</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 112 million in the first nine months, compared to a loss of USD 12 million in the prior year period, impacted by the growth plan and impairment charges related to business development activities. Operating income margin in constant currencies decreased 1.5 percentage points; currency had a negative impact of 0.7 percentage points, resulting in a net decrease of 2.2 percentage points to negative 2.5% of net sales.</div>

<div><br>
</div>

<div style="MARGIN-BOTTOM: 8pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Core adjustments amounted to USD 748 million, primarily due to amortization and impairments of intangible assets. Prior year core adjustments were USD 699 million mainly due to amortization of intangible assets and restructuring. Core operating income was USD 636 million (-7%, -2% cc), primarily impacted by continued investments behind the growth plan. Core operating income margin in constant currencies decreased by 0.9 percentage points; currency had a negative impact of 0.5 percentage points,&#160;resulting in a net decrease of 1.4 percentage points to 14.3% of net sales.</div>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</div>

<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>

<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>
<div style="FONT-FAMILY: 'Times New Roman'">
<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> was in line with prior year. Core R&amp;D expenses decreased 0.2 percentage points (cc). Core SG&amp;A expenses increased by 0.5 percentage points (cc) behind investments to drive growth. Core Other Income and Expense, net decreased the margin by 0.6 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="z5503229d4bd34253bc03d2d621c7dcb9" 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 2017</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">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" 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 2017</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" 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>
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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>
<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>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: right">USD</div>
</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>
</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">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'; COLOR: #000000">667</div>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">2 006</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">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'; TEXT-ALIGN: left; MARGIN-LEFT: 25.35pt">Consumables</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'; COLOR: #000000">344</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'; COLOR: #000000">345</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">0</div>
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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'; COLOR: #000000">2</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'; COLOR: #000000">1 054</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">1 036</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'; COLOR: #000000">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'; COLOR: #000000">3</div>
</td>
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</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; MARGIN-LEFT: 26.1pt">IOLs</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">243</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">234</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">723</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">747</div>
</td>
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<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">-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'; COLOR: #000000">-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'; TEXT-ALIGN: left; MARGIN-LEFT: 26.1pt">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'; COLOR: #000000">80</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'; COLOR: #000000">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'; COLOR: #000000">16</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'; COLOR: #000000">13</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">229</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'; COLOR: #000000">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'; COLOR: #000000">-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'; COLOR: #000000">-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'; 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'; COLOR: #000000">177</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">507</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">12</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">
<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">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">64</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">46</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">39</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">37</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">165</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">160</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">3</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; WHITE-SPACE: nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 20%; VERTICAL-ALIGN: middle; 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; COLOR: #000000">908</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; COLOR: #000000">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; COLOR: #000000">7</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; COLOR: #000000">9</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; COLOR: #000000">2 678</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; COLOR: #000000">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; COLOR: #000000">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; COLOR: #000000">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 908 million (+9% cc) in the third quarter, driven by continued growth of vitreoretinal (+18% cc), IOLs (+4% cc) and cataract consumables (+2% cc). Refractive/Other (+37% cc) included growth of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">CyPass</font> Micro-Stent in the US. Surgical sales partly benefit from stock in trade movements, contributing approximately 3% (cc) of growth.</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="z41de45255ad54ebb91ac5effc61a1126" 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 2017</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">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" 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 2017</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" 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'; COLOR: #000000">481</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">1 390</div>
</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom" nowrap="nowrap">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #cceeff" valign="bottom">&#160;</td>
<td style="WIDTH: 7%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #cceeff" valign="bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">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; 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'; COLOR: #000000">138</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'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">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'; COLOR: #000000">392</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'; COLOR: #000000">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'; COLOR: #000000">-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'; COLOR: #000000">-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="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; COLOR: #000000">619</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; COLOR: #000000">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'; FONT-WEIGHT: bold; COLOR: #000000">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; COLOR: #000000">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; COLOR: #000000">1 782</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; COLOR: #000000">1 737</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; COLOR: #000000">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>
<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; COLOR: #000000">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: left">Vision Care sales were USD 619 million (+4% cc) in the third quarter. Contact lenses grew +5% (cc), as double-digit growth of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Dailies Total1</font> globally was partially offset by the weekly/monthly portfolio. Contact lens care grew +1% (cc), driven by growth in Europe and Asia.</div>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</div>

<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">
<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>
<div style="FONT-FAMILY: 'Times New Roman'">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: justify; BACKGROUND-COLOR: #ffffff"><u>CASH FLOW AND GROUP BALANCE SHEET</u></div>

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

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

<div><br>
</div>

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

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows from operating activities amounted to USD 3.6 billion in the third quarter, compared to USD 3.2 billion in prior year. The increase of USD 0.4 billion was mainly driven by higher net income adjusted for non-cash items and favorable net working capital changes.</div>

<div><br>
</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 0.6 billion. This amount included cash outflows of USD 0.4 billion for the purchase of property, plant and equipment, USD 0.3 billion for intangible assets, USD 0.1 billion for financial and other non-current assets and USD 0.1<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion net for acquisitions and divestments of businesses offset by USD 0.3 billion proceeds from the sale of property, plant and equipment, intangible and financial assets. </div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In prior year, the cash flows used in investing activities from continuing operations amounted to USD 0.7 billion, primarily for the purchase of property, plant and equipment, intangible, financial and other non-current assets. </div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows used in investing activities from discontinued operations, which consists of payments out of provisions related to the portfolio transformation transactions, amounted to USD 40 million in the third quarter, compared to USD 63 million in prior year.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The cash flows used in financing activities amounted to USD 1.9 billion, compared to USD 0.3 billion in prior year. The current year quarter amount is mainly due to net cash outflows for treasury share transactions of USD 1.4 billion and for the net reduction in current financial debts of USD 0.6 billion. </div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The prior year amount included 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 cash outflows of USD 0.4 billion, net for treasury share transactions.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Free cash flow amounted to USD 3.1<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion (+18% USD) compared to USD 2.6 billion in prior year. The increase of USD 0.5<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion was mainly driven by improved cash flows from operating activities and lower net investments in intangible assets.</div>

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

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows from operating activities amounted to USD 9.2 billion in the first nine months, compared to USD 7.9 billion in prior year. The increase of USD 1.3<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion was mainly driven by favorable working capital changes and a higher dividend received from GSK Consumer Healthcare Holdings Ltd., more than offsetting the decrease in net income adjusted for non-cash items.</div>

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<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 2.0 billion in the first nine months of 2017. This amount included cash outflows of USD 1.1 billion for the purchase of property, plant and equipment, USD 0.7 billion for intangible assets, USD 0.3 billion for financial and other non-current assets and USD 0.8<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion for acquisitions and divestments of businesses, net (mainly the Ziarco Group Limited and Encore Vision, Inc. acquisitions), offset by USD 0.9 billion proceeds from the sale of property, plant and equipment, intangible and financial assets. </div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">In prior year, cash flows used in investing activities from continuing operations amounted to USD 1.8 billion. This amount included cash outflows of USD 1.3 billion for the purchase of property, plant and equipment, USD 0.8 billion for intangible assets, USD 0.3 billion for financial and other non-current assets, as well as a net amount of USD 0.5 billion for acquisitions and divestments of businesses, mainly for the acquisition of Transcend Medical, Inc., offset by USD 1.0 billion proceeds from the sale of property, plant and equipment, intangible and financial assets. </div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Cash flows used in investing activities from discontinued operations, which consists of payments out of provisions related to the portfolio transformation transactions, amounted to USD 0.1 billion, compared to USD 0.5 billion in prior year.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">The cash flows used in financing activities amounted to USD 5.3 billion in the first nine months, compared to USD 3.0 billion in prior year. The current year amount included cash outflows of USD 6.5 billion for the dividend payment and USD 4.3 billion, net for treasury share transactions. The net cash inflows from the increase in current and non-current financial debts of USD 5.4 billion were mainly due </div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">to the issuance of bonds denominated in US dollar and euro for a total notional amount of USD 5.0 billion and the increase in short-term borrowings of USD 0.7 billion. The repayment of a non-current financial debt amounted to USD 0.2 billion. </div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The prior year amount included mainly cash outflows of USD 6.5 billion for the dividend payment and USD 0.7 billion, net for treasury share transactions, offset by cash inflows from a USD 4.2 billion net increase in current and non-current financial debts.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Free cash flow amounted to USD 8.0<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion (+23% USD) compared to USD 6.5 billion in prior year. The increase of USD 1.5<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #ff0000">&#160;</font>billion was mainly driven by improved cash flows from operating activities, which included a higher dividend received from GSK Consumer Healthcare Holdings Ltd., as well as lower investments in property, plant and equipment.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Total non-current assets of USD 107.5 billion at September 30, 2017 increased by USD 2.3 billion compared to December 31, 2016. Property, plant and equipment increased by USD 0.6 billion to USD 16.3 billion, mainly due to the favorable currency translation adjustments, as net additions were offset by depreciation. Goodwill increased by USD 0.7 billion to USD 31.7 billion, mainly due to USD 0.6 billion favorable currency translation adjustments. Intangible assets other than goodwill decreased by USD 0.5 billion to USD 30.8 billion, as net additions of USD 2.1 billion and favorable currency translation adjustments of USD 0.8 billion were more than offset by amortization and impairment charges totaling USD 3.4 billion. Financial and other non-current assets increased by USD 1.5 billion to USD 28.7 billion, mainly due to favorable currency translation adjustments.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Total current assets increased by USD 2.5 billion to USD 27.5 billion at September 30, 2017, compared to December 31, 2016 due to increase in cash and cash equivalents, marketable securities, commodities and derivatives of USD 1.6 billion and Inventories of USD 0.7 billion. Trade receivables and other current assets were broadly in line with prior year end.</div>

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<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 liabilities of USD 37.2 billion at September 30, 2017 increased by USD 4.2 billion compared to December 31, 2016. Long-term financial debt increased by USD 5.3 billion to USD 23.2 billion at September 30, 2017, mainly due to the issuance, in the first quarter, of bonds denominated in US dollar and euro for a total notional amount of USD 3.0 billion and USD 2.0 billion respectively. Other non-current liabilities decreased by USD 1.1 billion to USD 14.1 billion at September 30, 2017, compared to December 31, 2016, mainly due to a reduction of the pension obligations of USD 1.2 billion resulting from actuarial gains and a change in the accounting for a component of the Swiss pension plan from defined benefit to defined contribution plan.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Total current liabilities increased by USD 3.2 billion to USD 25.4 billion at September 30, 2017. Trade payables at USD 4.7 billion were broadly in line with prior year end. Current financial debts and derivatives increased by USD 1.1 billion to USD 7.0 billion, mainly due to higher short-term borrowings. Other current liabilities increased by USD 2.3 billion to USD 13.7 billion, mainly due to the repurchase commitment under the share buyback trading plan of USD 1.3 billion, which will be credited to equity once the shares are repurchased or the obligation to repurchase own shares is settled.</div>

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<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 decreased by USD 2.5 billion to USD 72.4 billion at September 30, 2017, compared to USD 74.9 billion at December 31, 2016. The decrease was mainly on account of USD 6.5 billion for the dividend payment, net treasury share purchases of USD 4.5 billion and the recognition of the repurchase commitment under the share buyback trading plan of USD 1.3 billion. These amounts resulting from transactions with shareholders were partially offset by net income of USD 5.7 billion, favorable currency translation differences of USD 2.3 billion, net actuarial gains from defined benefit plans of USD 1.1 billion and Equity-based compensation of USD 0.5 billion.</div>

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<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: left">The Group&#8217;s liquidity amounted to USD 9.4 billion at September 30, 2017 compared to USD 7.8 billion at December 31, 2016, and the total of the non-current and current financial debt, including derivatives, amounted to USD 30.2 billion at September 30, 2017, compared to USD 23.8 billion at December 31, 2016. The net debt increased to USD 20.7 billion at September 30, 2017 compared to</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">USD 16.0 billion at December 31, 2016. The debt/equity ratio increased to 0.42:1 at September 30, 2017 compared to 0.32:1 at December 31, 2016.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Benefitting 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 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">Kisqali</font> (ribociclib), in combination with an aromatase inhibitor, was approved by the European Commission (EC) for treatment of postmenopausal women with hormone receptor positive,&#160;human epidermal growth factor receptor-2 negative (HR+/HER2-) locally advanced or metastatic breast cancer as initial endocrine-based therapy. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kisqali</font> is the first CDK4/6 inhibitor approved in Europe based on a first-line Phase III trial that met its primary endpoint of progression-free survival (PFS) at interim analysis.</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">Kymriah</font> (tisagenlecleucel) suspension for intravenous infusion, formerly CTL019, the first chimeric antigen receptor T cell (CAR-T) therapy, was approved by the US Food and Drug Administration (FDA) for the treatment of patients up to 25 years of age with B-cell precursor acute lymphoblastic leukemia (ALL) that is refractory or in second or later relapse. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kymriah</font> is a novel immunocellular therapy designed as a one-time treatment that uses a patient's own T cells to fight cancer. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kymriah</font> is the first therapy based on gene transfer approved by the FDA.</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">Rydapt</font> (midostaurin) was approved by the EC for two indications in rare, hard-to-treat diseases.&#160; <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Rydapt </font>is approved for use in combination with standard daunorubicin and cytarabine induction and high-dose cytarabine consolidation chemotherapy, and for patients in complete response followed by <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Rydapt </font>single agent maintenance therapy, for adults with newly diagnosed acute myeloid leukemia (AML) who are FLT3 mutation-positive. It was also cleared for use as monotherapy for the treatment of adults with aggressive systemic mastocytosis (ASM), systemic mastocytosis with associated hematological neoplasm (SM-AHN) or mast cell leukemia.</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><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Clareon AutonoMe </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">IOL</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">was approved in the EU in October, with the most advanced optic material available in an automated, disposable and pre-loaded delivery system. </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">AutonoMe</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">IOL delivery system is easy, intuitive and enhances control for precise IOL insertion during cataract surgery.</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The FDA confirmed that it has accepted for review the Biologics License Application (BLA) for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">AMG 334</font> (erenumab) for the prevention of migraine in patients experiencing four or more migraine days per month. If approved, erenumab is expected to be the first and only fully human monoclonal antibody targeting the calcitonin gene-related peptide (CGRP) receptor, specifically designed for the prevention of migraine. Novartis and Amgen will co-commercialize erenumab in the US. Amgen has exclusive commercialization rights in Japan and Novartis has exclusive commercialization rights in rest of world. The companies will continue global co-development.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">A supplemental New Drug Application (sNDA) for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Tasigna</font> (nilotinib) was accepted for review by the FDA in September and granted priority review. The sNDA seeks the addition of attempting Treatment-Free Remission (TFR) into the product label. If added, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tasigna</font> would be the first and only tyrosine kinase inhibitor to include information on stopping therapy in Ph+ CML-CP patients in the US product information.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">The FDA confirmed in September that it had accepted for regulatory review a Sandoz marketing authorization application for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">biosimilar rituximab</font> (Roche&#8217;s Rituxan<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup>). The Sandoz biosimilar would be used, if approved, to treat blood cancers including non-Hodgkin&#8217;s lymphoma (follicular lymphoma and diffuse large B-cell lymphoma) and chronic lymphocytic leukemia, as well as immunological diseases such as rheumatoid arthritis. The submission comprises a comprehensive data package including analytical, pre-clinical and clinical data. The European Commission approved Sandoz biosimilar rituximab in June 2017 for use in all indications of the reference medicine.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Results from a Phase III adjuvant study of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Tafinlar</font> (dabrafenib) + <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Mekinist</font> (trametinib) in patients with stage III BRAF V600E/K mutation-positive melanoma after complete surgical resection were presented at ESMO. Findings from the COMBI-AD study, which met its primary endpoint, found a statistically significant 53% reduction in the risk of death or recurrence in patients treated with the BRAF and MEK inhibitor combination therapy versus placebo. The results were also simultaneously reported in NEJM. Additionally, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar</font> + <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Mekinist</font> received FDA Breakthrough Therapy designation for the adjuvant treatment of patients with Stage III melanoma with a BRAF V600 mutation following complete resection.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Results from a Phase II study of <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>, showing efficacy for patients with BRAF V600E-mutant metastatic non-small cell lung cancer (NSCLC) without prior systemic therapy when treated with the combination were also presented at ESMO. Findings from the study demonstrated a 64% overall response rate and a median duration of response of 10.4 months (after a median follow-up of 15.9 months). Median overall survival was 24.6 months, with a two-year overall-survival rate of 51%. The study findings were simultaneously published in The Lancet Oncology.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Data from CANTOS, a Phase III study evaluating quarterly injections of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">ACZ885</font> (canakinumab) in people with a prior heart attack and inflammatory atherosclerosis, was presented in August at the European Society of Cardiology Congress. The results were published simultaneously in The New England Journal of Medicine and The Lancet. CANTOS met its primary endpoint with a statistically significant 15% reduction of Major Adverse Cardiovascular Events (MACE) in people with a prior heart attack and inflammatory atherosclerosis who were treated with 150mg of ACZ885 in addition to standard of care including lipid-lowering therapy. This effect was driven by 24% relative reduction in risk of heart attack. A non-significant 10% reduction in risk of cardiovascular death was also observed. A sub-group of study participants, in the 150 mg arm, whose inflammation was reduced below the median hsCRP, measured at three months after one dose of treatment, saw a 27% relative risk reduction on the primary MACE end-point. A review of a blinded, pre-planned oncology safety analyses revealed a 77% reduction in lung cancer mortality and 67% reduction in lung cancer cases in patients treated with 300 mg of ACZ885. Novartis is discussing the CANTOS study findings with health authorities and plans to submit the cardiovascular data for regulatory approval, as well as begin evaluation of the lung cancer findings in additional Phase III confirmatory studies.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Phase III 5-year data for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Cosentyx</font> presented at EADV showed high and long-lasting skin clearance in patients with moderate-to-severe plaque psoriasis and demonstrating that the safety of this biologic was sustained over the 5-year treatment period. By specifically targeting interleukin-17A (IL-17A), <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Cosentyx</font> addresses the key cytokine involved in the development of psoriasis, which plays a significant role in the pathogenesis of plaque psoriasis, PsA and AS.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">OPTIMA data for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Xolair</font> also presented at EADV re-confirmed that almost two thirds of chronic spontaneous urticaria (CSU) patients treated with <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair</font> 300 mg for 6 months are well-controlled. In addition, data showed that after a treatment pause almost 90% of patients &#8211; previously well controlled &#8211; regained effective symptom control within 12 weeks of re-treatment on <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Xolair.</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis announced positive topline results from the Phase III PARADIGMS study, investigating the safety and efficacy of oral once-daily <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; FONT-STYLE: italic">Gilenya</font> (fingolimod) in children and adolescents (ages 10 to 17) with multiple sclerosis (MS). PARADIGMS is the first ever randomized, controlled Phase III study of a disease-modifying therapy (DMT) in pediatric MS. Data show that oral fingolimod resulted in a significant and clinically meaningful reduction in the number of relapses (annualized relapse rate) in this patient population over a period of up to two years, compared to interferon beta-1a intramuscular injections. The safety profile of fingolimod was consistent with that seen in other clinical trials, with overall more adverse events reported in the interferon group.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">A new analysis from a pivotal Phase II study of<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold"> AMG 334</font> (erenumab) presented at the Congress of the International Headache Society (IHC) showed reduced monthly migraine days in patients with chronic migraine for whom previous preventive treatments have failed. In these patients, erenumab cut the average number of migraine days by at least five days and up to a week per month, depending on treatment dose. Additionally presented at IHC, were new data assessing the safety of erenumab 140 mg IV in a cardiovascular population with stable angina who are at increased risk for myocardial ischemia. This is the only such study evaluating the safety of a </div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">monoclonal antibody targeting the CGRP pathway. Results of this study showed that inhibition of the CGRP receptor with erenumab had no impact on exercise capacity as measured by an exercise stress test.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Data from a long-term study of patients continuously treated with <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">Sandoz proposed biosimilar adalimumab</font> of reference medicine Humira<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> showed that efficacy and safety profiles of the two medicines matched throughout 51 weeks of treatment in patients with moderate-to-severe chronic plaque psoriasis. Results were presented in September at EADV. ADACCESS is a Phase III confirmatory randomized, double-blind, controlled, 51-week study to compare efficacy and safety between Sandoz biosimilar adalimumab and the reference medicine. The study consists of three treatment periods.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis and Medicines for Malaria Venture (MMV) launched a phase IIb trial of <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">KAF156</font>, a next-generation antimalarial compound with the potential to treat drug-resistant strains of the malaria parasite. The trial will test multiple dosing combinations and dosing schedules of KAF156 and lumefantrine, including the feasibility of a single dose therapy in adults, adolescents and children. Seventeen centers across nine countries in Africa and Asia will participate.</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'">Novartis exclusively licensed global commercial rights to </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">gevokizumab</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"> from XOMA. Gevokizumab is a potent humanized, monoclonal antibody targeting </font>IL1&#946; with unique allosteric modulating properties and has the potential to treat patients in a variety of diseases where inflammation is a component. In a separate agreement, XOMA has granted Novartis a license to its intellectual property covering the use of IL1&#946; antibodies.</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><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold">&#160;</font>data showed long-term disease control for chronic/persistent immune thrombocytopenia (ITP). Nearly 70% of patients maintained platelet counts of &#8805;30&#215;10<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">9</sup>/L without rescue therapy for prolonged periods. More than one-third of patients permanently stopped one or more concomitant ITP medications. The data was published in Blood in October.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Novartis&#8217; continuous manufacturing facility in Basel was granted a license by Swissmedic to produce drugs for the use in clinical trials, following a successful inspection by the Regional Drug Inspection Agency, RHI, on behalf of Swissmedic. Continuous manufacturing is an innovative process spearheaded by a Novartis collaboration with the Massachusetts Institute of Technology, in which medicines are manufactured in a single &#8216;flow&#8217; with all steps of chemical and pharmaceutical production integrated into a seamless process. Novartis will look to implement continuous manufacturing in Novartis&#8217; development portfolio in a stepwise manner, with patients in clinical trials expected to start receiving medicines made by this method in 2018.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">(CTL019)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">tisagenlecleucel</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #1f140c; TEXT-ALIGN: left">Suspension for intravenous infusion, for the treatment of patients up to 25 years of age with B-cell precursor acute lymphoblastic leukemia (ALL) that is refractory or in second or later relapse. <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kymriah</font> is a novel immunocellular therapy and a one-time treatment that uses a patient's own T cells to fight cancer.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- US &#8211; Aug 2017</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">Rydapt </font>(PKC412)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">midostaurin</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">FLT3-mutated acute myeloid leukemia (AML) and three types of advanced systemic mastocytosis (SM): aggressive systemic mastocytosis (ASM), systemic mastocytosis with associated hematological neoplasm (SM-AHN) or mast cell leukemia</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- EU &#8211; Sep 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">ribociclib</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #1f140c; TEXT-ALIGN: left">In combination with an aromatase inhibitor for treatment of postmenopausal women with hormone receptor positive,&#160;human epidermal growth factor receptor-2 negative (HR+/HER2-) locally advanced or metastatic breast cancer as initial endocrine-based therapy.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- EU &#8211; Aug 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">L<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">ong-acting release formulation approved in EU as a once-monthly treatment for adult patients with Cushing&#8217;s disease </font>for whom surgery is not an option or for whom surgery has failed</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">- EU &#8211; Sep 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">23</div>

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

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

<div style="FONT-FAMILY: 'Times New Roman'">
<table id="zbeebd51c34d04c49860557497beabf5b" 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'; TEXT-ALIGN: left">AMG 334</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">Migraine prophylaxis</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 2017</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 2017</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">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">First anti-CGRP monoclonal antibody to receive both FDA &amp; EMA regulatory filing acceptance</font></div>

<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #1f140c">New analysis from a pivotal Phase II study presented at IHC (September) shows erenumab reduced monthly migraine days in patients with chronic migraine for whom previous preventive treatments have failed</font></div>

<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #1f140c">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #1f140c">Results from dedicated cardiovascular safety study also presented at IHC and confirm erenumab has no impact on cardiovascular function</font></div>
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<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'; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Jadenu/Exjade </font>granules</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 iron overload</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">Q4 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">Approved</div>
</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">Promacta/ Revolade</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">Aplastic anemia (moderate and severe)</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">&#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">Q4 2016</div>
</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

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<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">Signifor LAR</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">Cushing&#8217;s disease</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 2017</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">Q2 2017</div>
</td>
<td style="WIDTH: 32.54%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Working with FDA on data formatting for planned resubmission.</font></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">Tafinlar + Mekinist</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">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: #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">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">Q4 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">Results were published in The Lancet Oncology showing efficacy for patients with BRAF V600E-mutant metastatic non-small cell lung cancer (NSCLC) without prior systemic therapy when treated with the combination. The results were also presented at ESMO 2017.</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 Innovative Medicines pipeline projects</div>

<table id="za7fcdfe2817b4814b8673f01e19a5368" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="WIDTH: 16.18%; 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="WIDTH: 25.72%; 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="WIDTH: 15.26%; 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="WIDTH: 10.44%; 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="WIDTH: 32.4%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">News update</div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.18%; 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">ABL001</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 myeloid leukemia 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">st</sup> line</div>
</td>
<td style="WIDTH: 15.26%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2025</div>
</td>
<td style="WIDTH: 10.51%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">I</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Start of pivotal trials planned for 2017</font></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">Chronic myeloid leukemia 3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">rd</sup> line</div>
</td>
<td style="WIDTH: 15.26%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2020</div>
</td>
<td style="WIDTH: 10.51%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.18%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" rowspan="4">
<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>

 &#160;&#160;&#160;</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">Secondary prevention of cardiovascular events</div>
</td>
<td style="WIDTH: 15.26%; 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: 10.44%; 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: 32.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Positive Phase III results (CANTOS) announced in June</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #1f140c">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">An anti-inflammatory therapy trial with canakinumab published in NEJM showed that anti-inflammatory therapy with canakinumab (150 mg) resulted in a statistically lower rate of CV events in comparison to placebo.</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #1f140c">Analysis published in </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #1f140c; FONT-STYLE: italic">The Lancet</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #1f140c"> revealed </font>canakinumab (300 mg)<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #1f140c"> reduced lung cancer mortality by 77% in the CANTOS study with further studies planned</font></font></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">Adjuvant NSCLC</div>
</td>
<td style="WIDTH: 15.26%; 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;2021</div>
</td>
<td style="WIDTH: 10.44%; 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: 32.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</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">1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">st</sup> Line NSCLC</div>
</td>
<td style="WIDTH: 15.26%; 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;2021</div>
</td>
<td style="WIDTH: 10.44%; 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: 32.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</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">2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">nd</sup> Line NSCLC</div>
</td>
<td style="WIDTH: 15.26%; 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;2021</div>
</td>
<td style="WIDTH: 10.44%; 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: 32.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.18%; 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: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Non-Hodgkin&#8217;s lymphoma (refractory)</div>
</td>
<td style="WIDTH: 15.26%; 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: 10.51%; 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><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Study endpoint is event driven</font></div>

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

<tr>
<td style="WIDTH: 16.18%; 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: 25.72%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Secondary Progressive Multiple Sclerosis</div>
</td>
<td style="WIDTH: 15.26%; 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: 10.44%; 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: 32.4%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">24</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>
<div>
<div style="FONT-FAMILY: 'Times New Roman'">
<table id="zc2940946886841a4a5ee62053dc0be10" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">BYL719 + fulvestrant</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 418px; 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 2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">nd</sup> line</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 230px; 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="BORDER-TOP: #000000 1px solid; WIDTH: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr style="HEIGHT: 13px">
<td style="WIDTH: 230px; 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">BYM338</div>
</td>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Hip fracture recovery</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Sarcopenia</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">CAD106</div>
</td>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Alzheimer&#8217;s disease</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; 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 / III</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Generation study 1 ongoing</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Phase II/III in cognitively healthy people at risk of Alzheimer&#8217;s disease</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">CFZ533</div>
</td>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Kidney and Liver Transplantation</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">CNP520</div>
</td>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Alzheimer&#8217;s disease</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; 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 / III</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Generation study 1 ongoing</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Generation study 2 opened enrollment in June 2017</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Phase II/III in cognitively healthy people at risk of Alzheimer&#8217;s disease</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">In partnership with Amgen</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">FDA Fast Track designation</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" rowspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic; TEXT-ALIGN: left">Cosentyx</div>
</td>
<td style="WIDTH: 418px; 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-radiographic axial spondyloarthritis</div>
</td>
<td style="WIDTH: 230px; 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: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Psoriatic arthritis head-to-head vs. adalimumab</div>
</td>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2020</div>
</td>
<td style="WIDTH: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">First Patient, First Visit (FPFV) achieved in April 2017</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Ankylosing spondylitis head-to-head vs. adalimumab</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">ECF843</div>
</td>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Dry eye</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Acquired worldwide ophthalmic rights (ex-EU) from Lubris in April 2017</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">EMA401</div>
</td>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Peripheral neuropathic pain</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Phase IIb initiated</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 230px; 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">Entresto</div>
</td>
<td style="WIDTH: 418px; 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 heart failure with preserved ejection fraction</div>
</td>
<td style="WIDTH: 230px; 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: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">PARAGON-HF trial enrollment completed</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Post-acute myocardial infarction</div>
</td>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2020</div>
</td>
<td style="WIDTH: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<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: 418px; 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 multiple sclerosis</div>
</td>
<td style="WIDTH: 230px; 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: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Positive topline results from Phase III PARADIGMS study announced</font></div>

<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Full results will be presented at the 7<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">th</sup> joint ECTRIMS-ACTRIMS meeting</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 230px; 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">INC280</div>
</td>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">NSCLC (cMET amp and mut)</div>
</td>
<td style="WIDTH: 230px; 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: 155px; 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: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">NSCLC (EGFRm)</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">FPFV achieved in 2017</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 230px; 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">Jakavi</div>
</td>
<td style="WIDTH: 418px; 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 graft-versus-host disease (GvHD)</div>
</td>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2020</div>
</td>
<td style="WIDTH: 155px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 418px; 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 graft-versus-host disease (GvHD)</div>
</td>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2020</div>
</td>
<td style="WIDTH: 155px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">KAE609</div>
</td>
<td style="WIDTH: 418px; 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: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">KAF156</div>
</td>
<td style="WIDTH: 418px; 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: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 230px; 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">Kisqali</font> (LEE011) + tamoxifen + goserelin or<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font> NSAI + goserelin</div>
</td>
<td style="WIDTH: 418px; 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- premenopausal aBC 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">st</sup> line</div>
</td>
<td style="WIDTH: 230px; 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: 155px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Fully enrolled</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 230px; 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">Kisqali</font> (LEE011) + fulvestrant</div>
</td>
<td style="WIDTH: 418px; 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 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: 230px; 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: 155px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Fully enrolled</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 230px; 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"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Kisqali </font>(LEE011)</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">+ adjuvant endocrine therapy</div>
</td>
<td style="WIDTH: 418px; 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- BC (adjuvant, high risk)</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">FPFV achieved in 2017</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 418px; 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- BC (adjuvant, intermediate risk)</div>
</td>
<td style="WIDTH: 230px; 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;2021</div>
</td>
<td style="WIDTH: 155px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; 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">Kymriah </font>(CTL019, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">tisagenlecleucel</font>)</div>

<div>&#160;</div>
</td>
<td style="WIDTH: 418px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Adult r/r DLBCL</div>
</td>
<td style="WIDTH: 230px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q4 2017</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">(US and EU)</div>
</td>
<td style="WIDTH: 155px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">(pivotal)</div>
</td>
<td style="WIDTH: 508px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</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>

<div>
<div>
<div style="FONT-FAMILY: 'Times New Roman'">
<table id="z2e794ff905fb48d09f7b0176960c7518" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top">&#160;</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">B-ALL (children/young adults)</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 14.56%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Q4 2017 (EU)</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">(pivotal)</div>
</td>
<td style="BORDER-TOP: #000000 1px solid; WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">FDA approval received</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">EU planned submission</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">&#160;</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Folicular Lymphoma</div>
</td>
<td style="WIDTH: 14.56%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2020</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LAM320</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Multi-drug resistant tuberculosis</div>
</td>
<td style="WIDTH: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; 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: 25.81%; 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: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Fully enrolled; additional registration trial for US currently enrolling</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LHW090</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Resistant Hypertension</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; 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: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Weight loss</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LJN452</div>
</td>
<td style="WIDTH: 25.81%; 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-alcoholic steatohepatitis (NASH)</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">FDA Fast Track designation</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">LMI070</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Spinal muscular atrophy</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; 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="WIDTH: 25.81%; 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="WIDTH: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Phase III PIP study enrolling</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">MAA868</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Stroke prevention in atrial fibrillation</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">OMB157 (ofatumumab)</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Relapsing multiple sclerosis</div>
</td>
<td style="WIDTH: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Trials ongoing</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">PDR001 + <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Tafinlar + Mekinist</font></div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Metastatic BRAF V600+ melanoma</div>
</td>
<td style="WIDTH: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">COMBI-I study ongoing: Part 3 FPFV achieved in September 2017</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">PDR001</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">NET</div>
</td>
<td style="WIDTH: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Fully enrolled</font></div>

<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">FDA orphan drug designation</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; 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: 25.81%; 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 cancers</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; 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">Promacta / Revolade</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Severe aplastic anemia 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">st</sup> line</div>
</td>
<td style="WIDTH: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">QAW039</div>
</td>
<td style="WIDTH: 25.81%; 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: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Phase III program recruiting</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">QBW251</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">COPD</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">QGE031</div>
</td>
<td style="WIDTH: 25.81%; 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 spontaneous urticaria / chronic</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">idiopathic urticaria</div>
</td>
<td style="WIDTH: 14.56%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2020</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">QMF149</div>
</td>
<td style="WIDTH: 25.81%; 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: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">QVM149</div>
</td>
<td style="WIDTH: 25.81%; 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: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; 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: 25.81%; 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: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Positive Phase III results (HAWK, HARRIER) announced in June 2017</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 9.15pt; TEXT-INDENT: -9.15pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9.15pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Presentation at AAO planned for Nov 2017</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 25.81%; 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: 14.56%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2020</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; 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">Rydapt </font>(PKC412)</div>
</td>
<td style="WIDTH: 25.81%; 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 myeloid leukemia (FLT3 wild type)</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">SEG101</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Sickle cell pain crises</div>
</td>
<td style="WIDTH: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II/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: 16.38%; 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: 25.81%; 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+ melanoma (adjuvant)</div>
</td>
<td style="WIDTH: 14.56%; 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: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">III</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Fully enrolled</font></div>

<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Positive results meeting Phase III adjuvant study endpoints were presented at ESMO and published in NEJM</font></div>

<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">FDA Breakthrough Therapy designation received Oct 2017</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">UNR844</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Presbyopia</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 16.38%; 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">VAY736</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Auto-Immune Hepatitis</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">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: 25.81%; 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: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">FDA Fast Track designation</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">VAY785 (emricasan)</div>
</td>
<td style="WIDTH: 25.81%; 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-alcoholic steatohepatitis (NASH)</div>
</td>
<td style="WIDTH: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Conatus transaction announced in May 2017</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; 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">Xolair</div>
</td>
<td style="WIDTH: 25.81%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Nasal Polyps</div>
</td>
<td style="WIDTH: 14.56%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">2020</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;III</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 16.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">ZPL389</div>
</td>
<td style="WIDTH: 25.81%; 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: 14.56%; 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;2021</div>
</td>
<td style="WIDTH: 10.08%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-LEFT: 2.3pt">II</div>
</td>
<td style="WIDTH: 32.34%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">&#160;</td>
</tr>
</table>

<div style="MARGIN-BOTTOM: 3pt"><br>
 &#160;</div>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</div>

<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">26</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>
<div>
<div style="FONT-FAMILY: 'Times New Roman'">
<div style="MARGIN-BOTTOM: 3pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Selected Sandoz approvals and pipeline projects (biosimilars)</div>

<table id="z892576d564654faaa50f6888d5a6a4d3" 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/<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font> 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">GP2015 (etanercept)</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">
<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: #cceeff">
<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">Approved</div>
</td>
<td style="WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 6.75pt; TEXT-INDENT: -5.75pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 5.75pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">EU approval for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Erelzi</font> in June 2017</font></div>
</td>
</tr>

<tr style="HEIGHT: 49px">
<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">GP2013 (rituximab)</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">Follicular lymphoma, diffuse large B cell lymphoma, chronic lymphocytic leukemia, rheumatoid arthritis, granulomatosis with polyangiitis, and microscopic polyangiitis (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">Submitted</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Approved</div>
</td>
<td style="WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 6.75pt; TEXT-INDENT: -5.75pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 5.75pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">ASSIST-FL results presented at ASH</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 6.75pt; TEXT-INDENT: -5.75pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 5.75pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">EU approval for <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-STYLE: italic">Rixathon</font> in June 2017</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 6.75pt; TEXT-INDENT: -5.75pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 5.75pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">US filed September 2017</font></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">
<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: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">III</div>

<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="TEXT-ALIGN: left; MARGIN-LEFT: 6.75pt; TEXT-INDENT: -5.75pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 5.75pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">EU filing in May 2017</font></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">
<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">Submitted</div>
</td>
<td style="WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff">
<div style="TEXT-INDENT: 1pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">EU filing in May 2017</font></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">LA-EP2006 (pegfilgrastim)</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">Chemotherapy-induced neutropenia 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>

<div style="TEXT-ALIGN: left">&#160;</div>
</td>
<td style="WIDTH: 25.73%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #cceeff">
<div style="TEXT-ALIGN: left; MARGIN-LEFT: 6.75pt; TEXT-INDENT: -5.75pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 5.75pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Resubmission planned for 2019 to address FDA complete response letter</font></div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 6.75pt; TEXT-INDENT: -5.75pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">-</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 5.75pt; DISPLAY: inline-block">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Withdrawal of EU filing in January 2017 with planned re-filing in 2017</font></div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</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>

<div>
<div>
<div style="FONT-FAMILY: 'Times New Roman'">
<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="z9f81e2f51b32451f94dd65f0b9891db2" 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 PanOptix </font>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">Trifocal IOL</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 2019</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><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">- </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Received CE Mark in Europe in Q2 2015</font></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'; 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">US 2019</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">
<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">- </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Received CE Mark in Europe in Q4 2016</font></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">A02238</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">Mid-tier phacoemulsification 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">US 2018</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">EU 2018</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>
</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">Clareon </font>Monofocal 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">Next-generation IOL</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 2019</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">JP 2017</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>

<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><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">- </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Received CE Mark in Europe in Q2 2017</font></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">CyPass </font>Micro-Stent</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">Minimally invasive surgical glaucoma device for implant during cataract surgery</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 2018</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="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">- </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Received US approval in Q3 2016</font></div>

<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">- </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Received CE Mark in Europe in Q1 2017</font></div>

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

<tr>
<td style="WIDTH: 100%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #ffffff" 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: #cceeff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">A00717</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">Daily disposable line extension</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 2018</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">JP 2018</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>
</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">A01660</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">New daily disposable lens</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 2018</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">EU 2018</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">JP 2019</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>

<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: #ffffff">&#160;</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>

<div style="FONT-FAMILY: 'Times New Roman'">&#160;</div>
</div>

<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>

<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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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;">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<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;413</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>287</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;">279</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;">64</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;323</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;">45</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<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;369</b></font>
    </td>
    <td 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>396</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;">-3&nbsp;168</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;">-224</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;239</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;">-15</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;">-510</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;">-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;">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;">424</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;">-106</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;">-519</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;">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>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;357</b></font>
    </td>
    <td 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>88</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;">262</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;">45</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;">-197</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;">-23</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, 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;">14</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;">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>Income 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>2&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>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>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="#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;">-353</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;">-24</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>2&nbsp;083</b></font>
    </td>
    <td 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>138</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>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>2&nbsp;081</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;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>141</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>2</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>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>-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="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;335</b></font>
    </td>
    <td 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>-44</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>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>0.89</b></font>
    </td>
    <td 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>0.08</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;359</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;">-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;">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;">0.88</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;">0.07</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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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;">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<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;194</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>-2</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;">777</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;">143</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;">-12&nbsp;686</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;">345</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<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;285</b></font>
    </td>
    <td 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>486</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;">-9&nbsp;397</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;">-645</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;470</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;">-15</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;559</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;">43</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;349</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;">-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">
      <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;649</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;">74</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<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;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>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>-254</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;">692</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;">145</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;">-569</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;">-30</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, 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;">16</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;">98</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<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;698</b></font>
    </td>
    <td 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>-41</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;">-971</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;">6</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;727</b></font>
    </td>
    <td 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>-35</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>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;727</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>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>-28</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>0</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>-7</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;353</b></font>
    </td>
    <td 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>-27</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>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>2.43</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>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>0.01</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;375</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;">-27</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;">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;">2.41</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;">0.01</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;">Condensed 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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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;">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>2&nbsp;083</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>138</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;">153</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;">87</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 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;"> 7</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;"> 103</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 investment hedge<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;"></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>
    <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;">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;">55</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;">-677</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">
      <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>146</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>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>-556</i></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;"><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="#ffffff">
    <td height="16">
      <div style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;margin-left:12pt;">Net actuarial gains 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;"> 359</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;"> 78</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>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;588</b></font>
    </td>
    <td 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>-340</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;"></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="#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>2&nbsp;587</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;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>-335</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;">1</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>-5</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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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;">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;727</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>-35</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;">159</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;">193</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 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;"> 166</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;"> 261</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 investment hedge<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;">-207</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-207</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;">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;">2&nbsp;309</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;">2&nbsp;111</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">
      <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>2&nbsp;427</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>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>2&nbsp;358</i></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;"><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="#ffffff">
    <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;"> 1&nbsp;081</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;251</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;332</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>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>9&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>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>4&nbsp;655</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;"></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="#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>9&nbsp;234</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;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;660</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>1</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>-5</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"></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>
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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">
  <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>2017<br>(unaudited)<sup>   </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31, <br>2016<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;263</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;641</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">622</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;715</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">30&nbsp;980</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">735</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;">30&nbsp;836</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;340</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-504</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;">28&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;">27&nbsp;232</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;460</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>107&nbsp;506</b></font>
    </td>
    <td 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&nbsp;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>2&nbsp;313</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;954</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;255</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">699</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;482</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;202</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="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;609</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;697</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>
    <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;"> 9&nbsp;421</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;777</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;644</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>27&nbsp;466</b></font>
    </td>
    <td 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;931</b></font>
    </td>
    <td 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;535</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;972</b></font>
    </td>
    <td 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&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>4&nbsp;848</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;">72&nbsp;311</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;832</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;521</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;">59</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>
    <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="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>72&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>74&nbsp;891</b></font>
    </td>
    <td 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;521</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;">23&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;">17&nbsp;897</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;266</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;">14&nbsp;060</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;127</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;067</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>37&nbsp;223</b></font>
    </td>
    <td 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&nbsp;024</b></font>
    </td>
    <td 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;199</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;685</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;873</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>
    <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;">6&nbsp;997</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;905</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;092</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;">13&nbsp;697</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;431</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;266</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>25&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>22&nbsp;209</b></font>
    </td>
    <td 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;170</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>62&nbsp;602</b></font>
    </td>
    <td 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&nbsp;233</b></font>
    </td>
    <td 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;369</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;972</b></font>
    </td>
    <td 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&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>4&nbsp;848</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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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;">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>69&nbsp;978</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>-2&nbsp;554</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;588</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;">-340</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;">-1&nbsp;336</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;">-844</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;">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;">166</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;">61</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;">Decrease of treasury share repurchase  obligation under a share buyback 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;"> 975</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 975</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;"></font>
    </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"></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;">-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>
    <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>72&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>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>-2&nbsp;696</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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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;">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>74&nbsp;891</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>-2&nbsp;231</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;">9&nbsp;235</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;">4&nbsp;655</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;">-4&nbsp;690</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;">-3&nbsp;820</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 buyback 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;"> -1&nbsp;312</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;312</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;">235</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;">21</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;">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;">507</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;">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;">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;495</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;">-20</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;"></font>
    </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"></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;">-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>
    <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>72&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>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>-2&nbsp;696</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"></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;">
  <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;">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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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;">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>2&nbsp;083</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>138</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;">353</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;">24</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;478</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;508</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: 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;">-29</font>
    </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;">-278</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;">-262</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;">-45</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 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;">183</font>
    </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;">-29</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;">103</font>
    </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;">298</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;909</b></font>
    </td>
    <td 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>78</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;">28</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;">19</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;">-296</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;">-126</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;">-221</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;">118</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<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;420</b></font>
    </td>
    <td 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>89</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;"> -215</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;"> 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 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;"> 381</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;"> 142</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<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;586</b></font>
    </td>
    <td 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>355</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;">-382</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;">61</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 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;">-287</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-478</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="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 intangible 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;">157</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;">-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">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Purchase of 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;">-123</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;">-65</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 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;">113</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;">-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;">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;">-105</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;">-1</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;">-18</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;">-73</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> -645</b></font>
    </td>
    <td 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> 44</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;"> -40</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;"> 23</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>-685</b></font>
    </td>
    <td 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>67</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;">-576</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;">-658</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;">-1&nbsp;398</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;">-988</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;"> </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>
    <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;">37</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;">45</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>-1&nbsp;937</b></font>
    </td>
    <td 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>-1&nbsp;595</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;">Effect of exchange rate changes 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;">-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</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="#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>954</b></font>
    </td>
    <td 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>-1&nbsp;184</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;">7&nbsp;856</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;">2&nbsp;820</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>8&nbsp;810</b></font>
    </td>
    <td 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>1&nbsp;636</b></font>
    </td>
    <td align="right"></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.</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>
<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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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;">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;727</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>-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;">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;">971</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;">-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">
      <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;608</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;343</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">265</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;">3</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;">-734</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;">-692</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;">-145</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 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;">553</font>
    </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;">-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;">-63</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;">160</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;107</b></font>
    </td>
    <td 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>-563</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;">934</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;">229</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;">-642</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;">35</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;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;320</font>
    </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>
    <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<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;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>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>-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;">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;"> -505</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;"> 847</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;"> -556</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;"> 586</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<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;213</b></font>
    </td>
    <td 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>1&nbsp;329</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;058</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;">218</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 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;">-718</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-822</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="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 intangible 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;">540</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">668</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>
    <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 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;">-343</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-265</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="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 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;">338</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;">48</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;">-760</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;">-230</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, commodities and divestments  of interests in 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;"> 5</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;"> -84</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;996</b></font>
    </td>
    <td 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> -150</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;"> -127</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;"> 395</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;123</b></font>
    </td>
    <td 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>245</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;495</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;">-20</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;">5&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;">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;">1&nbsp;276</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;">-4&nbsp;331</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;">-3&nbsp;641</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;"> </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>
    <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;">50</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;">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 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>-5&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>-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>-2&nbsp;326</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;">Effect of exchange rate changes 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;">50</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="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>1&nbsp;803</b></font>
    </td>
    <td 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>-697</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 and cash equivalents 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;">7&nbsp;007</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;674</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;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>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>8&nbsp;810</b></font>
    </td>
    <td 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>1&nbsp;636</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><b></b><b></b><b></b><b></b></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 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.<b></b><b></b><b></b><b></b></div>
    </td>
  </tr>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">35</font>
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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 period ended September 30, 2017 <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>
<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;">These Condensed Interim Consolidated Financial Statements for the three- and nine-month period ended September 30, 2017, were prepared in accordance with International Accounting Standard 34 <I>Interim Financial Reporting </I>and accounting policies set out in the 2016 Annual Report published on January 25, 2017.</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 2016 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>
<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 discussed in the 2016 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 and financial condition.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">36</font>
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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;">Significant transactions in 2017</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 Ziarco Group Limited<br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">On January 20, 2017, Novartis acquired Ziarco Group Limited, a privately held company focused on the development of novel treatments in dermatology. This acquisition adds a once daily oral H4 receptor antagonist in development for atopic dermatitis (AD), commonly known as eczema, to complement the Novartis dermatology portfolio and pipeline. The fair value of the total purchase consideration was USD&nbsp;420 million. The amount consisted of an initial cash payment of USD&nbsp;325 million and the net present value of the contingent consideration of USD&nbsp;95 million, due to the Ziarco shareholders, which they are eligible to receive upon achievement of specified development milestones. The purchase price allocation resulted in net identifiable assets of USD&nbsp;395 million and goodwill of USD&nbsp;25 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:10pt; color:#000000; font-weight:bold;">Innovative Medicines &ndash; Acquisition of Encore Vision, Inc.<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 January 20, 2017, Novartis acquired Encore Vision, Inc., a privately-held company in Fort Worth, Texas, USA, focused on the development of a novel treatment in presbyopia. The fair value of the total purchase consideration was USD&nbsp;456 million. The amount consisted of an initial cash payment of USD&nbsp;366 million and the net present value of the contingent consideration of USD&nbsp;90 million, due to the Encore 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;389 million and goodwill of USD&nbsp;67 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;">Significant transactions in 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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<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 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:10pt; color:#000000; font-weight:bold;">Innovative Medicines &ndash; Acquisition of Reprixys Pharmaceuticals Corporation<br></font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">On November 18, 2016, Novartis acquired Reprixys Pharmaceuticals Corporation (Reprixys), a privately held, US-based company specializing in development of therapeutics in certain hematologic and inflammatory disorders following receipt of results of the SUSTAIN study. The initial interest of 19% was adjusted to its fair value of USD 64 million through the consolidated income statement at acquisition date. This re-measurement resulted in a gain of USD 53 million.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The fair value of the total purchase consideration for acquiring the 81% stake Novartis did not already own amounted to USD 268 million. The amount consisted of an initial cash payment of USD 194 million and the net present value of the contingent consideration of USD 74 million due to the Reprixys 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 332 million. No goodwill was recognized. 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;">37</font>
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  <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>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">  Number of outstanding shares (in millions)</font>
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      <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>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">2017<sup> </sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">2016<sup> </sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2016<sup> </sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Change<sup> </sup></font>
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      <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>
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      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;374.1</b></font>
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      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;373.9</b></font>
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      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.2</b></font>
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    <td align="right" width="7%">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>74&nbsp;832</b></font>
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    <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>
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    <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;214</b></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Shares acquired to be cancelled<sup></sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-56.8</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-8.8</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-48.0</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-4&nbsp;473</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-681</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-3&nbsp;792</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Other share purchases<sup></sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2.8</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-2.4</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-0.4</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-217</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-189</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-28</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Exercise of options and  employee transactions<sup></sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 4.2</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 4.1</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 0.1</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 235</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 214</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 21</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Equity-based compensation<sup></sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8.6</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">8.7</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-0.1</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">507</font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">502</font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">5</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Increase of treasury share repurchase obligation under a share buyback trading plan<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;">  </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;">  </font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  </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;">  -1&nbsp;312</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  </font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  -1&nbsp;312</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dividends to  shareholders of Novartis AG<sup></sup></font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </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;"> </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;"> -6&nbsp;495</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;"> -6&nbsp;475</font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -20</font>
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      <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>
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    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </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;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </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;"> 5&nbsp;727</font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;755</font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> -28</font>
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      <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>
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    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </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;"> -7</font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 7</font>
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      <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>
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    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  </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;">  </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;">  </font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  3&nbsp;507</font>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  -1&nbsp;181</font>
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    <td align="right"></td>
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      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  4&nbsp;688</font>
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      <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>
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      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;327.3</b></font>
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      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>2&nbsp;375.5</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>-48.2</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>72&nbsp;311</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>74&nbsp;984</b></font>
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    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
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    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-2&nbsp;673</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>&nbsp;</sup></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">In 2017, Novartis entered into an irrevocable, non-discretionary arrangement with a bank to repurchase own shares on the second trading line under its up to USD 5 billion share buyback, as well as to mitigate dilution from equity-based participation plans. The commitment under this arrangement amounted to USD 1.3 billion as of September 30, 2017, reflecting the expected purchases by the bank under such trading plan over a rolling 90 days period.</font><br><br></div>
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<div style="TEXT-ALIGN: center; WIDTH: 100%">
  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">38</font>
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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: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 identified reporting segments, Innovative Medicines, Sandoz and Alcon. In addition, we separately report Corporate activities.</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;">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>
<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;">Innovative Medicines 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 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, that are not protected by valid and enforceable third-party patents. Sandoz 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, ophthalmics, cardiovascular, metabolism, central nervous system, pain, gastrointestinal, and hormonal therapies, as well as finished dosage form anti-infectives sold to third parties. In Anti-Infectives, Sandoz manufactures active pharmaceutical ingredients and intermediates, 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, including 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. Alcon is the global leader in eye care with product offerings in eye care devices and vision care. Alcon is organized into two global business franchises: Surgical and Vision Care. The Surgical franchise includes technologies and devices for cataract, retinal, glaucoma and refractive surgery, as well as intraocular lenses to treat cataract and refractive errors, like presbyopia and astigmatism. Alcon also provides viscoelastics, surgical solutions, surgical packs, and other disposable products for cataract and vitreoretinal surgery. The Vision Care franchise comprises daily disposable, monthly replacement, and color-enhancing contact lenses, as well as a complete line of contact lens care products including multi-purpose and hydrogen-peroxide based solutions, rewetting drops and daily protein removers.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">The divisions are supported by Novartis Institute for BioMedical Research, Novartis Business Services, Global Drug Development and Novartis Technical Operations. Corporate activities include Group headquarter functions and items that are not specific to one segment. Further details are provided in Note 3 to the Consolidated Financial Statements of the Annual Report 2016.</font><br><br></div>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">39</font>
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  <font style="font-family:Times New Roman,sans-serif; font-size:11pt; color:#000000; font-weight:bold;">Segmentation &ndash;Third quarter <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></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;">(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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">Q3 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">Q3 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">Q3 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">Q3 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2016<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<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>8&nbsp;302</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;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>2&nbsp;584</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>1&nbsp;527</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></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;413</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>
    <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 other 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;">171</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;">20</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;">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;">-192</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;"></font>
    </td>
    <td align="right"></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: 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<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;473</b></font>
    </td>
    <td 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>2&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>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>1&nbsp;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>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>-192</b></font>
    </td>
    <td 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>12&nbsp;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>12&nbsp;126</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;">241</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;">8</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;">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;">28</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;">279</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>
    <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;">-2&nbsp;261</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;">-1&nbsp;481</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;">-795</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;">214</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;">-4&nbsp;323</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>
    <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<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;453</b></font>
    </td>
    <td 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>1&nbsp;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>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>735</b></font>
    </td>
    <td 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>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>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>8&nbsp;369</b></font>
    </td>
    <td 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>
    <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;227</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;">-438</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;">-503</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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&nbsp;168</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>
    <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;861</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;">-195</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;">-183</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;239</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>
    <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;">-232</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;">-74</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;">-94</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;">-110</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;">-510</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>
    <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;">247</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;">70</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;">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>
    <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;">185</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">424</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>
    <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;">-201</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;">-104</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;">-22</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;">-192</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;">-519</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>
    <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<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;179</b></font>
    </td>
    <td 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>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>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>-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>-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>-162</b></font>
    </td>
    <td 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>2&nbsp;357</b></font>
    </td>
    <td 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>
    <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>26.2%</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>15.1%</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>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>-3.3%</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></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>19.0%</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>18.7%</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;"></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;">262</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;">262</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="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;">-197</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>
    <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, 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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-38</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<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;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>2&nbsp;274</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;">-353</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>
    <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>2&nbsp;083</b></font>
    </td>
    <td 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>
    <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>&nbsp;</sup></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;">40</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 &ndash;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></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;">(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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2016<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<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;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>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>7&nbsp;465</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>4&nbsp;460</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></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;194</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>
    <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 other 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;">502</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;">82</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;">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;">-587</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;"></font>
    </td>
    <td align="right"></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: 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<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;771</b></font>
    </td>
    <td 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>7&nbsp;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>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>4&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>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>-587</b></font>
    </td>
    <td 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>36&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>36&nbsp;196</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;">678</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;">27</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;">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;">69</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;">777</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>
    <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;667</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;">-4&nbsp;286</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;">-2&nbsp;382</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;">649</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;">-12&nbsp;686</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>
    <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<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;782</b></font>
    </td>
    <td 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>3&nbsp;288</b></font>
    </td>
    <td 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>2&nbsp;084</b></font>
    </td>
    <td 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>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>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>24&nbsp;285</b></font>
    </td>
    <td 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>
    <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;619</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;">-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;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;458</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;397</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>
    <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;468</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;">-576</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;">-426</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;470</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>
    <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;">-715</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;">-225</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;">-300</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;">-319</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;">-1&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;">-1&nbsp;602</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;">804</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;">121</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;">38</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;">386</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;">1&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;">1&nbsp;546</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;">-809</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;">-225</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;">-50</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;">-565</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;">-1&nbsp;649</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>
    <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<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;975</b></font>
    </td>
    <td 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;063</b></font>
    </td>
    <td 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>-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>-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>-367</b></font>
    </td>
    <td 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>6&nbsp;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>6&nbsp;813</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>24.6%</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>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>14.2%</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>-2.5%</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>-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></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>18.1%</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>18.8%</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;">-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;">22</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">671</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;">692</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="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;">-569</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>
    <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, 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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-82</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<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;698</b></font>
    </td>
    <td 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>
    <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;">-971</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>
    <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;727</b></font>
    </td>
    <td 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>
    <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>&nbsp;</sup></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>
  <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;">41</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;">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, 2017 and December&nbsp;31, 2016. For additional information on the hierarchies and other matters, please refer to the Consolidated Financial Statements in the 2016 Annual Report, published on January 25, 2017. </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>2017<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31,<br>2016<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>2017<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31,<br>2016<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>2017<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31,<br>2016<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>2017<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31,<br>2016<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>2017<sup>  </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Dec 31,<br>2016<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;">304</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;">284</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;">24</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;">22</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;">328</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;">306</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;">5</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;"></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;">33</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">31</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>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>315</b></font>
    </td>
    <td 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>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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>366</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>337</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;">117</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">108</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;">108</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;">22</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">230</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;">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;">1</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>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>315</b></font>
    </td>
    <td 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>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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>118</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>109</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>506</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>676</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;">850</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">513</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">442</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">476</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;292</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">989</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;">128</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">107</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;">609</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">609</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>
    <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;"> 542</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 514</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;"> 514</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>850</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>513</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td 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;179</b></font>
    </td>
    <td 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;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>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>514</b></font>
    </td>
    <td 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;571</b></font>
    </td>
    <td 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>
    <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>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>35</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>158</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td 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>188</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;">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;">-889</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">-889</font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
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    <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;">-80</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-129</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-129</font>
    </td>
    <td align="right"></td>
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      <td colspan="22" style="border-bottom: dotted #666666 1px;"></td>
    </tr>
  </tr>
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    <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;">-140</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-116</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">-116</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 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>-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>-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>-969</b></font>
    </td>
    <td 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;018</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td 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;109</b></font>
    </td>
    <td 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;134</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 3 financial instruments. During 2017, there were several individually non-significant transfers of equity securities from level 3 to level 1 for USD 73 million 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 23.8 billion at September 30, 2017 (USD 17.9 billion at December 31, 2016) compared to the balance sheet value of USD 22.9 billion at September 30, 2017 (USD 17.3 billion at December 31, 2016). 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 of USD&nbsp;2.6 billion at September 30, 2017 (USD&nbsp;2.2 billion at December&nbsp;31, 2016) 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>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">42</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="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;">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 2016 Annual Report and 2016 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 23, 2017 of significant developments in those proceedings, as well as any new significant proceedings commenced since the date of the 2016 Annual Report and 2016 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>Asia/Russia investigation</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;">In the second quarter of 2017, Novartis Group companies received document requests and subpoenas from the US Department of Justice and the US Securities and Exchange Commission requesting information concerning Alcon&#x2019;s business practices in Asia and Russia, both before and after Alcon became part of the Novartis Group. Novartis is cooperating with this investigation.</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>
<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;">In addition to the matter described above, there have been other developments in the other legal matters described in Note 20 to the Consolidated Financial Statements contained in our 2016 Annual Report and 2016 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;"></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;">43</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 fully the amortization and impairment charges of intangible assets, excluding software, and certain acquisition related items. The following items that exceed a threshold of USD 25 million are also excluded: integration and divestment related income and expenses, divestment gains and losses, restructuring charges/releases and related items, legal related items, impairments of property, plant and equipment and financial assets, 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, divestment, or amortization/impairments of purchased intangible assets and restructurings. </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>
<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;">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>
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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 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;">44</font>
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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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  <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>
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  <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>
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  <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:10pt; color:#000000;">45</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; 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="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</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</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;">(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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">Q3 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">Q3 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">Q3 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">Q3 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2016<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<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>2&nbsp;179</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;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>390</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>-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>-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>-162</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>2&nbsp;357</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>
    <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>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>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>117</b></font>
    </td>
    <td 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>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>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>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>952</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;">63</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;">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;">57</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">138</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;"> -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;"> 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;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </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;"> </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;">11</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</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;">12</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="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;"></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;">20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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>
    <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;">22</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>73</b></font>
    </td>
    <td 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>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>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>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></b></font>
    </td>
    <td 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>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>239</b></font>
    </td>
    <td 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>
    <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 of businesses and 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;">-1</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;"></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;">-54</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;">-58</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;">5</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">51</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;">68</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 of businesses and 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>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>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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td 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>-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>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>10</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 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;">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;">-28</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;"></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;">-28</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>
    <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 and 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="#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;">-17</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>
    <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;">-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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">-18</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;">36</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;">13</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;">20</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;">17</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;">145</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;">-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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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>
    <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;">9</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;"></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;">69</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 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;">-170</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;"></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;"></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;">-10</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;">-10</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 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;">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>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">12</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;">47</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;">85</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 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>-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>-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>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>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</b></font>
    </td>
    <td 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>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>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>-82</b></font>
    </td>
    <td 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="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>478</b></font>
    </td>
    <td 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>190</b></font>
    </td>
    <td 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>288</b></font>
    </td>
    <td 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>69</b></font>
    </td>
    <td 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>1&nbsp;025</b></font>
    </td>
    <td 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>
    <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<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;657</b></font>
    </td>
    <td 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>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>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>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>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>-93</b></font>
    </td>
    <td 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>3&nbsp;382</b></font>
    </td>
    <td 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>
    <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>32.0%</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>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>22.4%</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>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>15.6%</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>14.3%</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>27.2%</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>
    <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;"></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;">262</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;">262</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="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;"> 97</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;"> 97</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="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;">-197</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>
    <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;">14</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="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;">-541</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>
    <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>3&nbsp;017</b></font>
    </td>
    <td 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>
    <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>3&nbsp;015</b></font>
    </td>
    <td 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>
    <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 (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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.29</b></font>
    </td>
    <td 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>
    <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>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;">46</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;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</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</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;">(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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2016<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<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>5&nbsp;975</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>1&nbsp;063</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>-112</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>-367</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>6&nbsp;559</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>
    <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;600</b></font>
    </td>
    <td 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>340</b></font>
    </td>
    <td 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>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>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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td 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;616</b></font>
    </td>
    <td 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>
    <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;">566</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;">51</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;">57</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;">674</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="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;"> -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;"> 46</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;"> 45</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: 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;">3</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;">14</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">75</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;"></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;"></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;"></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;">71</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;">82</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>568</b></font>
    </td>
    <td 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>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>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>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>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>72</b></font>
    </td>
    <td 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>828</b></font>
    </td>
    <td 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>
    <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 of businesses and 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;">-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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">-184</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;">-198</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;">18</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;">114</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;">132</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>Total acquisition or divestment of businesses and 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>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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td 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>35</b></font>
    </td>
    <td 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="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 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;">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;">-368</font>
    </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;"></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;">-368</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>
    <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 and 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="#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;">-32</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;">-6</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;">-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;"></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;">-40</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: 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;">197</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;">32</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;">17</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;">19</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;">265</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>
    <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;">-2</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>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-99</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;">25</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;"></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;">205</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 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;">-513</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;">-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;">-50</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;">-37</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;">-603</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="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 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;">193</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;"></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;">12</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;">76</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>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">172</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 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>-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>-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>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>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>-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>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>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>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>-411</b></font>
    </td>
    <td 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>
    <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;684</b></font>
    </td>
    <td 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>474</b></font>
    </td>
    <td 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>748</b></font>
    </td>
    <td 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>162</b></font>
    </td>
    <td 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>3&nbsp;068</b></font>
    </td>
    <td 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>
    <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<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;659</b></font>
    </td>
    <td 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>1&nbsp;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>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>636</b></font>
    </td>
    <td 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>-205</b></font>
    </td>
    <td 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>9&nbsp;627</b></font>
    </td>
    <td 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>
    <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>31.6%</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>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>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>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>15.7%</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>26.6%</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>27.6%</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;">-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;">22</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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">671</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;">692</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="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;"> 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;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> </font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 343</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;"> 344</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>
    <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;">-569</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>
    <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;">16</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>
    <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;537</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>
    <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;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>8&nbsp;656</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;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>8&nbsp;649</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 (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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3.64</b></font>
    </td>
    <td 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>
    <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>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;">47</font>
</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;<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>Q3 2017<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>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>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 of <br>businesses<br>and related 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>Other <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>Q3 2017<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>Q3 2016<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>8&nbsp;369</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>844</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</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>11</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;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>8&nbsp;971</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;357</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>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>239</b></font>
    </td>
    <td 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>-82</b></font>
    </td>
    <td 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;382</b></font>
    </td>
    <td 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>
    <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<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;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>944</b></font>
    </td>
    <td 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>
    <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>-69</b></font>
    </td>
    <td 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;558</b></font>
    </td>
    <td 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>
    <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<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;">-353</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size: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;">-541</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>
    <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>2&nbsp;083</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td 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;017</b></font>
    </td>
    <td 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>
    <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>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>0.89</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.29</b></font>
    </td>
    <td 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>
    <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;323</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">844</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;"></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;">-3&nbsp;448</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>
    <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;">-2&nbsp;239</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;">140</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">-2&nbsp;049</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>
    <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;">424</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-27</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-268</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;">158</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;">-519</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">35</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">141</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-263</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>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></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 Income 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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <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="#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;">262</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;"></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;">359</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>
    <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 84 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; Research &amp; Development and Other expense include impairment charges related to financial assets; Other income and Other expense include reversals and charges related to the impairment of 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>Acquisition or divestment of businesses and 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 items: Cost of goods sold and Other expense include net restructuring and other charges related to the Group-wide rationalization of manufacturing sites; Research &amp; Development includes fair value adjustments to contingent consideration liabilities; Research &amp; Development, Other income and Other expense include other restructuring income and charges and related items; Other income also includes a gain from a Swiss pension plan amendment as well as product and financial asset divestment gains; Other expense also includes legal-related items, a provision for contract termination costs and a fair value adjustment to a contingent consideration liability; Income from associated companies includes an adjustment of USD 13 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 other 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 of USD 1.1 billion, to arrive at the core results before tax, amounts to USD 188 million. The average tax rate on the adjustments is 16.8%, since the estimated full year core tax charge of 15.2% 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;">48</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>9M 2017<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>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>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 of <br>businesses<br>and related 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>Other <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>9M 2017<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>9M 2016<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>24&nbsp;285</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;559</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>82</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>39</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;965</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="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;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>2&nbsp;616</b></font>
    </td>
    <td 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>
    <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>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-411</b></font>
    </td>
    <td 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;627</b></font>
    </td>
    <td 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>
    <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<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;698</b></font>
    </td>
    <td 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;929</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>829</b></font>
    </td>
    <td 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>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>-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>10&nbsp;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>10&nbsp;207</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<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;">-971</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;537</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>
    <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;727</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td 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;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>8&nbsp;656</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="32">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>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>2.43</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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>3.64</b></font>
    </td>
    <td 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>
    <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;">-12&nbsp;686</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;">82</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-10&nbsp;006</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>
    <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;">-6&nbsp;470</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;">612</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">-6&nbsp;062</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>
    <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;">1&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;"></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;">-97</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-672</font>
    </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;">531</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;">-1&nbsp;649</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">144</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;">483</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-890</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>
    <tr>
      <td colspan="16" style="border-bottom: solid #000000 1px;"></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 Income 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></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font 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;">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;">692</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;">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;">30</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;036</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>
    <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 313 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; Research &amp; Development and Other expense include impairment charges related to financial assets; Other income and Other expense include reversals and charges related to the impairment of 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>Acquisition or divestment of businesses and 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 items: Cost of goods sold 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 and related items; Other income and Other expense include legal-related items; Research &amp; Development includes fair value adjustments to contingent consideration liabilities; Other income also includes a gain from a Swiss pension plan amendment, product and financial asset divestment gains, a partial reversal of a prior period charge and an income from a settlement of a contract dispute; Other expense also includes a charge for onerous contracts, a provision for contract termination costs and a fair value adjustment to a contingent consideration liability; Income from associated companies includes an adjustment of USD 30 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 other 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 of USD 3.4 billion, to arrive at the core results before tax, amounts to USD 566 million. The average tax rate on the adjustments is 16.6%, since the estimated full year core tax charge of 15.2% 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;">49</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 &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>Q3 2017<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>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>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 of <br>businesses<br>and related 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>Other <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>Q3 2017<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>Q3 2016<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>6&nbsp;453</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>503</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>7</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;963</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="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;179</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>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>73</b></font>
    </td>
    <td 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>-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>2&nbsp;657</b></font>
    </td>
    <td 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>
    <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;261</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">503</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-1&nbsp;751</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>
    <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;861</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;">63</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">-1&nbsp;733</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>
    <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;">247</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-1</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;">29</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="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;">-201</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">5</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;">-143</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>
    <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.</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; Other income and Other expense include reversals and charges related to the impairment of 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>Acquisition or divestment of businesses and related items, including restructuring and integration charges: Other income and Other expense includes transitional service-fee 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 items: Cost of goods sold 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 and related items; Research &amp; Development includes fair value adjustments to contingent consideration liabilities; Other income also includes a gain from a Swiss pension plan amendment, as well as product and financial asset divestment gains; Other expense also includes a provision for contract termination costs, legal-related items and other charges.</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; Reconciliation from IFRS results to core results &ndash; Innovative Medicines &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>9M 2017<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>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>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 of <br>businesses<br>and related 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>Other <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>9M 2017<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>9M 2016<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>18&nbsp;782</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;551</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>31</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>30</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;394</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="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>5&nbsp;975</b></font>
    </td>
    <td 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;600</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>568</b></font>
    </td>
    <td 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>-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;659</b></font>
    </td>
    <td 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>
    <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;667</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;">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;">30</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;055</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>
    <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;468</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;">535</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-243</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;127</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>
    <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;">804</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-2</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-612</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;">150</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;">-809</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">18</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">325</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-454</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>
    <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.</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 income and Other expense include reversals and charges related to the impairment of 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>Acquisition or divestment of businesses and 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>4&nbsp;</sup>Other items: Cost of goods sold 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 and related items; Other income and Other expense include legal-related items; Research &amp; Development includes fair value adjustments to contingent consideration liabilities; Other income also includes a gain from a Swiss pension plan amendment, an income from a settlement of a contract dispute, as well as product and financial asset divestment gains; Other expense also includes a provision for contract termination costs, a charge for onerous contracts and other charges.</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>
</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; 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>Q3 2017<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>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>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 of <br>businesses<br>and related items<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>Other <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>Q3 2017<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>Q3 2016<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>1&nbsp;131</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>117</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</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>4</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;272</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="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>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>117</b></font>
    </td>
    <td 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></b></font>
    </td>
    <td 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>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>530</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;481</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;">20</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-1&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;369</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;">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;">70</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">63</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="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;">-104</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;"></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;">-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="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 includes 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 items: Cost of goods sold and Other expense include net restructuring and other charges related to the Group-wide rationalization of manufacturing sites; Other income and Other expense include other restructuring income and charges and related items. Other income also includes a gain from a Swiss pension plan amendment.</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>
</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; 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>9M 2017<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>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>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 of <br>businesses<br>and related items<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>Other <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>9M 2017<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>9M 2016<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>3&nbsp;288</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>340</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>9</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;688</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="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;063</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>340</b></font>
    </td>
    <td 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></b></font>
    </td>
    <td 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>1&nbsp;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>1&nbsp;550</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;286</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">340</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;">9</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;886</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>
    <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;">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;">121</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">112</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>
    <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;">-225</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;"></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;">-142</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>
    <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 includes 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 items: Cost of goods sold and Other expense include net restructuring and other charges related to the Group-wide rationalization of manufacturing sites; Other income and Other expense include other restructuring income and charges and related items. Other income also includes a gain from a Swiss pension plan amendment.</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>
</div>
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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; 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>Q3 2017<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>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>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 of <br>businesses<br>and related items<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>Other <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>Q3 2017<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>Q3 2016<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>735</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>224</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>959</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="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>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>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></b></font>
    </td>
    <td 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>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>206</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;">-795</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">224</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-571</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>
    <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;">-183</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;">77</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-121</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 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;">17</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">9</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="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;">-22</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-12</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: 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.</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 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>Other items: Research &amp; Development includes fair value adjustments to contingent consideration liabilities; Other income includes a gain from a Swiss pension plan amendment and restructuring income and related items; Other expense also includes legal-related items.</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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  <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>9M 2017<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>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>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 of <br>businesses<br>and related items<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>Other <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>9M 2017<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>9M 2016<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>2&nbsp;084</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>668</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>2&nbsp;752</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="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>-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>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>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></b></font>
    </td>
    <td 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>636</b></font>
    </td>
    <td 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="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;382</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">668</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;714</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>
    <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;">-426</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;">77</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-359</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="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;">38</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">24</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="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;">-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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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;">-23</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="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.</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 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>Other items: Research &amp; Development includes fair value adjustments to contingent consideration liabilities and other items; Other income and Other expense include restructuring income and charges and related items; Other income also includes a gain from a Swiss pension plan amendment and the partial reversal of a prior period charge; Other expense also includes legal-related items.</div>
    </td>
  </tr>
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  <font style="font-family:Times New Roman,sans-serif; font-size:10pt; color:#000000;">55</font>
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<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>Q3 2017<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>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>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 of <br>businesses<br>and related 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>Other <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>Q3 2017<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>Q3 2016<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>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></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>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>41</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>-162</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td 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>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>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>-93</b></font>
    </td>
    <td 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>
    <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;">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;">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;">-26</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;">27</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="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;">-192</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">30</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;">-60</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>
    <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 of businesses and 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 items: Other income includes a gain from a Swiss pension plan amendment and other items; Other expense includes a fair value adjustment to a contingent consideration liability, restructuring charges and related items, and other 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;">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;<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>9M 2017<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>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>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 of <br>businesses<br>and related 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>Other <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>9M 2017<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>9M 2016<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>131</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>131</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="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>-367</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>72</b></font>
    </td>
    <td 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>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>-205</b></font>
    </td>
    <td 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>
    <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;">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;">386</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">-37</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;">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;">-565</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"></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;">114</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">108</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-271</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>
    <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 of businesses and 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 items: Other income includes a gain from a Swiss pension plan amendment and other items; Other expense includes a fair value adjustment to a contingent consideration liability, restructuring charges and related items, and other 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;">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;">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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2016</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>954</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="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;"> 431</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="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;385</b></font>
    </td>
    <td 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>
    <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;">-22&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;">-20&nbsp;628</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>-20&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>-18&nbsp;781</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: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><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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2016</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>1&nbsp;803</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="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;"> -6&nbsp;517</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>
    <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>-4&nbsp;714</b></font>
    </td>
    <td 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>
    <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;025</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>
    <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>-20&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>-18&nbsp;781</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: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;"></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>2017<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>2016</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;"> -6&nbsp;997</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="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;">-23&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;">-18&nbsp;259</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;">8&nbsp;810</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>
    <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;"> 611</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>-20&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>-18&nbsp;781</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>2017<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>2016<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;327&nbsp;339&nbsp;772</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;375&nbsp;517&nbsp;359</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>82.90</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">76.40</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>85.85</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">78.96</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>198.9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">187.8</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>192.9</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">181.5</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;">58</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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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;">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<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;357</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>88</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;478</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;508</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: 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;">-29</font>
    </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;">-278</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;">103</font>
    </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;">298</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;909</b></font>
    </td>
    <td 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>78</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;">28</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;">19</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;">-296</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;">-126</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;">-221</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;">118</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;"> -215</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;"> 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 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;"> -100</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;"> 40</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;"> 481</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;"> 102</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<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;586</b></font>
    </td>
    <td 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>355</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;">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;">-382</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;">61</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 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;">-287</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-478</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="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 intangible 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;">157</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;">-52</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 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;">-123</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;">-65</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 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;">113</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;">-17</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<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;064</b></font>
    </td>
    <td 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>473</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: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><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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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;">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<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;559</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>-254</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;608</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;343</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">265</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;">3</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;">-734</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;">-63</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;">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>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;107</b></font>
    </td>
    <td 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>-563</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;">934</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;">229</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;">-642</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;">35</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;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;320</font>
    </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>
    <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;"> -505</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;"> 847</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;"> -871</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;"> 793</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;"> 315</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;"> -207</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<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;213</b></font>
    </td>
    <td 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>1&nbsp;329</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;">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;058</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;">218</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 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;">-718</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-822</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="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 intangible 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;">540</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">668</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>
    <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 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;">-343</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">-265</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="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 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;">338</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;">48</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<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;972</b></font>
    </td>
    <td 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>1&nbsp;493</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"></div>
<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">
  <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 products in 2017 &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>
      <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>
      <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>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <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="5" style="border-bottom: solid #999999 1px;"></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 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<sup>   </sup></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>Gilenya<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;">Neuroscience</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;">Relapsing multiple sclerosis</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;">428</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;">0</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;">373</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;">2</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>801</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>1</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>0</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> Gleevec/Glivec<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 and GIST</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 141</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;"> 304</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-weight:bold;font-size:10pt; color:#000000;"><b> 445</b></font>
    </td>
    <td 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> -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="#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;">  346</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;">  210</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-weight:bold;font-size:10pt; color:#000000;"><b>  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>  85</b></font>
    </td>
    <td 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>
    <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> 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;"> 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-weight:bold;font-size:10pt; color:#000000;"><b> 481</b></font>
    </td>
    <td 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>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;">212</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;">270</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>482</b></font>
    </td>
    <td 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>12</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> 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;"> 203</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;"> 199</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> 402</b></font>
    </td>
    <td 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> -1</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>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;">212</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;">177</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>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>-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>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;">Established Medicines</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;">310</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>310</b></font>
    </td>
    <td 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>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>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;">132</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;">132</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>264</b></font>
    </td>
    <td 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>11</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;">19</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;">212</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>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>-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">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b></b></font>
    </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;">7</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;">237</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>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>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>Xolair<sup>1</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;">245</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-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>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>12</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>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;">87</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;">137</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-weight:bold;font-size:10pt; color:#000000;"><b>224</b></font>
    </td>
    <td 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>27</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;"> 119</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;"> 108</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-weight:bold;font-size:10pt; color:#000000;"><b> 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> 35</b></font>
    </td>
    <td 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</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;">109</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;">104</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>213</b></font>
    </td>
    <td 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>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="#ffffff">
    <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;">201</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-weight:bold;font-size:10pt; color:#000000;"><b>201</b></font>
    </td>
    <td 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>
    <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>
    <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;"> 55</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;"> 94</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> 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> -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: 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> 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;"> 11</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;"> 115</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> 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> -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> -2</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>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;">118</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-weight:bold;font-size:10pt; color:#000000;"><b>118</b></font>
    </td>
    <td 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>-2</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>Entresto<sup></sup></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;">Chronic Heart Failure</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;">111</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;">198</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>128</b></font>
    </td>
    <td 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>138</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>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>2&nbsp;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>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>4&nbsp;081</b></font>
    </td>
    <td 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>6&nbsp;236</b></font>
    </td>
    <td 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>4</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;">651</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&nbsp;415</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>2&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>-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>-3</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;806</b></font>
    </td>
    <td 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&nbsp;496</b></font>
    </td>
    <td 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>8&nbsp;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>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>2</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="20" style="border-bottom: solid #000000 2px;"></td>
    </tr>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="10px">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </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>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 franchise).</div>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="10px">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </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="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;">Net sales of the top 20 Innovative Medicines products in 2017 &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>
      <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>
      <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>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <td height="1"></td>
      <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="5" style="border-bottom: solid #999999 1px;"></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 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<sup>   </sup></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>Gilenya<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;">Neuroscience</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;">Relapsing multiple sclerosis</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;276</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-size:10pt; color:#000000;">1&nbsp;084</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;">4</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;360</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>3</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>3</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> Gleevec/Glivec<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 and GIST</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;"> -48</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;"> 997</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-weight:bold;font-size:10pt; color:#000000;"><b> 1&nbsp;495</b></font>
    </td>
    <td 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"></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="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;">  912</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;">  544</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">  139</font>
    </td>
    <td 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;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>  98</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>  98</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> 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;403</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> 1&nbsp;403</b></font>
    </td>
    <td 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> 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="#cceeff">
    <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;">599</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;">757</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>1&nbsp;356</b></font>
    </td>
    <td 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>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> 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;"> 618</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;"> 573</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> 1&nbsp;191</b></font>
    </td>
    <td 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>
    <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>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;">603</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;">515</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>1&nbsp;118</b></font>
    </td>
    <td 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: 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>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;">Established Medicines</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;">906</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>906</b></font>
    </td>
    <td 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>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>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;">376</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;">402</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>778</b></font>
    </td>
    <td 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>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>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;">63</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;">650</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>713</b></font>
    </td>
    <td 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>-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>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;">23</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;">688</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>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>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>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>1</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;">673</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-weight:bold;font-size:10pt; color:#000000;"><b>673</b></font>
    </td>
    <td 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>12</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>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;">246</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;">381</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-weight:bold;font-size:10pt; color:#000000;"><b>627</b></font>
    </td>
    <td 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>28</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;"> 318</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;"> 294</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-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> 34</b></font>
    </td>
    <td 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="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;">305</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;">290</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>595</b></font>
    </td>
    <td 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>11</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>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;">549</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-weight:bold;font-size:10pt; color:#000000;"><b>549</b></font>
    </td>
    <td 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>32</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;"> 161</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;"> 278</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> 439</b></font>
    </td>
    <td 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> -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="#ffffff">
    <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;"> 31</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;"> 333</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> 364</b></font>
    </td>
    <td 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="#cceeff">
    <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;">346</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>346</b></font>
    </td>
    <td 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>-1</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>Entresto<sup></sup></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;">Chronic Heart Failure</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>
    <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;">125</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-weight:bold;font-size:10pt; color:#000000;"><b>322</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>216</b></font>
    </td>
    <td 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>
    <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>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>6&nbsp;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>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>11&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>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>18&nbsp;014</b></font>
    </td>
    <td 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">
      <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;">1&nbsp;975</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&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;">-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>6&nbsp;255</b></font>
    </td>
    <td 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>-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;201</b></font>
    </td>
    <td 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>16&nbsp;068</b></font>
    </td>
    <td 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>24&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>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>
    <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>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 franchise).</div>
    </td>
  </tr>
  <tr valign="bottom" bgcolor="#ffffff">
    <td height="10px">
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </td>
    <td>
      <font style="font-family:Times New Roman,sans-serif; font-size:10pt;color:#00ff00;"></font>
    </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;">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"></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 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;">Q3 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; 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;">% change<sup> </sup></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<sup> </sup></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<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;">cc<sup> </sup></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;">445</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;">-47</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="#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;">482</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;">9</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>
    <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>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;">402</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;">-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>
    <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>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;">389</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;">-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>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;">264</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;">9</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: 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;">224</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;">30</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>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;">227</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;">35</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="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>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;">213</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;">16</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>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;">201</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;">35</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: 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>Kisqali<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;">26</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: 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;">228</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">240</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: 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 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;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>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>-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>-4</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-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="#cceeff">
    <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="#ffffff">
    <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;">481</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;">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;">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;">149</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;">-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="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;">100</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;">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: 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;">49</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;">-39</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;">544</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;">-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="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 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;323</b></font>
    </td>
    <td 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>-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="#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>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="#ffffff">
    <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;">556</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;">85</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="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>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;">126</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;">-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>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;">107</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;">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>
    <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;">107</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;">47</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>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;">94</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;">-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>
    <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;">73</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;">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: 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 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>1&nbsp;063</b></font>
    </td>
    <td 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>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>37</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;">801</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;">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;">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;">26</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;">-13</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>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>827</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>820</b></font>
    </td>
    <td 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="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;">101</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;">6</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="#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;">37</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;">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<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;">27</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;">-27</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>
    <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>1</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>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>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>-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>-1</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>2</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;">245</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;">14</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>
    <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;">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;">-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>
    <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>415</b></font>
    </td>
    <td 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>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-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>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;">128</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;">142</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>
    <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;">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;">25</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="#cceeff">
    <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>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>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>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>130</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>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="#ffffff">
    <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;">310</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;">1</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="#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;">231</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;">-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>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;">244</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;">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;"><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;">118</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-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>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;">95</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;">-9</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>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;">44</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;">-29</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="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;">398</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;">-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: 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 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;440</b></font>
    </td>
    <td 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;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>-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="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;"></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="#cceeff">
    <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>5&nbsp;201</b></font>
    </td>
    <td 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>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="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>
      <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 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;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>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>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>2</b></font>
    </td>
    <td align="right"></td>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 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>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>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 franchise).</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>&nbsp;</sup></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>&nbsp;</sup></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>&nbsp;</sup></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="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;">62</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;">Innovative Medicines 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;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; 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;">% change<sup> </sup></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<sup> </sup></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<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;">cc<sup> </sup></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;">1&nbsp;495</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;">-42</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="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;356</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;">6</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>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;191</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;">-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: 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>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;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;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</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>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;">778</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;">8</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>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;">627</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;">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: 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;">612</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;">34</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>
    <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>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;">595</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;">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="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>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;">549</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;">31</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="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>Kisqali<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;">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;">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;">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;">669</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">754</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;">-9</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 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;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>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>-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="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;"><sup> </sup></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;"><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;"><sup> </sup></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>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="#ffffff">
    <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;403</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</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;">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;">439</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;">-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>
    <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;">292</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;">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;">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;">225</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;">-20</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="#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;">1&nbsp;663</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;">-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: 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 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;022</b></font>
    </td>
    <td 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>-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>-2</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>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="#ffffff">
    <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;">1&nbsp;456</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;">98</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">98</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>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;">364</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;">-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;"><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;">298</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;">1</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="#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;">287</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;">38</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="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;">274</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;">-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>
    <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;">207</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;">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="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 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;886</b></font>
    </td>
    <td 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>36</b></font>
    </td>
    <td 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>
    <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;"><sup> </sup></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;"><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;"><sup> </sup></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;360</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;">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: 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;">77</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;">-18</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: 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 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;437</b></font>
    </td>
    <td 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;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>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>
    <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;"><sup> </sup></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;"><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;"><sup> </sup></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;">291</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;">7</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>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;">109</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;">-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="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<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;">83</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;">-22</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="#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>1</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>483</b></font>
    </td>
    <td 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>-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>2</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>2</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;">673</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;">9</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>
    <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;">16</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;">-30</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: 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;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>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>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>7</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>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;">322</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;">216</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>
    <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;">12</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;">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: 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 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>334</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>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>198</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>198</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;"><sup> </sup></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;"><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;"><sup> </sup></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>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="#ffffff">
    <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;">906</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;">1</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="#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;">713</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;">-13</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>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;">711</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;">3</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;">346</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;">-11</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>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;">293</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;">-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="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>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;">162</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;">-22</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="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;">1&nbsp;256</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;">-15</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>
    <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 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>4&nbsp;387</b></font>
    </td>
    <td 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;800</b></font>
    </td>
    <td 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="#ffffff">
    <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="#cceeff">
    <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>15&nbsp;238</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>14&nbsp;706</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>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>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="#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>
      <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 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;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>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>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>
    <tr>
      <td colspan="10" style="border-bottom: solid #000000 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>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>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 franchise).</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>&nbsp;</sup></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>&nbsp;</sup></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>&nbsp;</sup></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;">63</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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2016<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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">Q3 2016<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>
    <tr>
      <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<sup> </sup></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<sup> </sup></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></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;887</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;797</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;">35</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="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;806</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;710</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;">34</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;">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;925</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;929</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;">3</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;">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">
      <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;">684</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;">-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</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>8&nbsp;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>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>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>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;">6&nbsp;227</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;102</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;">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;">2&nbsp;075</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;071</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;">5</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></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;233</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;">13</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;">48</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;">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;">798</font>
    </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;">-13</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;">31</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;">354</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;">4</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;">14</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;">199</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;">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>
    <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>2&nbsp;584</b></font>
    </td>
    <td 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>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>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;881</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;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</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;">73</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;">703</font>
    </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;">13</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;">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="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></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;">382</font>
    </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;">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;">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;">648</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>
    <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;">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>
    <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;">379</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>
    <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;">16</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;">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;">118</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;">-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;">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;527</b></font>
    </td>
    <td 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>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>
    <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;176</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;138</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;">77</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;">351</font>
    </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;">18</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;">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="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>Group<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;502</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;236</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;">36</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>
    <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;252</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;255</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;">0</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;">35</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;658</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;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</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;">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="#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;001</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;032</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;">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<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;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>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>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>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;">9&nbsp;284</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;134</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;">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;">3&nbsp;129</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;">5</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;">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">
    <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>&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="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;">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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2016<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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2016<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>
    <tr>
      <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<sup> </sup></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<sup> </sup></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></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;280</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;385</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>
    <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;">35</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;201</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;101</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;">34</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;">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;760</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;736</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;">3</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;">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">
      <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;028</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;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</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;">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>24&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>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>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="#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;108</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;231</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>
    <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;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&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;">2</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;">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></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;398</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;241</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;">46</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;">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;482</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;747</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;">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="#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;014</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>
    <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;">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="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;">571</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;">15</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;">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;465</b></font>
    </td>
    <td 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>-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;">5&nbsp;482</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;639</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;">73</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;">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;">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;">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;">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="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></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;150</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>
    <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;">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="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;902</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</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;">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;">1&nbsp;069</font>
    </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;">7</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;">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;">339</font>
    </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;">-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;">7</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>4&nbsp;460</b></font>
    </td>
    <td 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>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;">3&nbsp;482</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;479</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;">78</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="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;">978</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;">10</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;">22</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="#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>Group<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;828</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;756</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;">35</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>
    <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;585</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;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</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;">35</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>
    <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;843</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;">1</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;">22</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="#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;938</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;918</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;">7</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="#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>36&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>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>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>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;">27&nbsp;072</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;349</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>
    <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;">9&nbsp;122</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;847</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;">7</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>&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;">65</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 2017<sup>    </sup></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 2016<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>2017<sup>    </sup></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>2016<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>1.039</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;">1.025</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>1.031</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;">1.035</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;">0.150</font>
    </td>
    <td 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;">0.150</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>1.175</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.116</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.180</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.121</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>1.309</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.314</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.342</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.295</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>0.901</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.976</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.888</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.991</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>1.696</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.548</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.725</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.577</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: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><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 2017<sup>    </sup></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 2016<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>2017<sup>    </sup></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>2016<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>1.017</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;">1.020</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>1.031</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;">1.035</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>0.147</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.152</font>
    </td>
    <td 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;">0.150</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>1.113</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.116</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.180</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.121</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>1.275</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.393</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.342</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.295</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>0.893</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.923</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>0.888</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">0.991</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>1.716</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.468</font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-weight:bold;font-size:10pt; color:#000000;"><b>1.725</b></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">1.577</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: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:10pt; color:#000000;"></font><br><br></div>
<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;">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">
  <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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2016<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>180</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>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>509</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="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>-67</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>
    <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> -38</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> -110</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;">142</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;">332</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>
    <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> 120</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> 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> 296</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>
    <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>47</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>
    <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> -1</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</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> -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> -9</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;"> 119</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;"> 338</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>
    <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;">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;">5</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<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>262</b></font>
    </td>
    <td 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>692</b></font>
    </td>
    <td 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>
    <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 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; 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; font-weight:bold; color:#000000;">9M 2017<sup> </sup></font>
    </td>
    <td></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#000000;">9M 2016<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<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>262</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>692</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="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;">84</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;">243</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>
    <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;">70</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="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;"> 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</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;"> 69</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;"> -19</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="#cceeff">
    <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;"></font>
    </td>
    <td align="right"></td>
    <td align="right">
      <font style="font-family:Times New Roman,sans-serif;font-size:10pt; color:#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>
    <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>Core income from associated companies<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>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>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>1&nbsp;036</b></font>
    </td>
    <td 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>
    <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;">67</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:10pt; color:#000000;"></font><br><br></div>


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<div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Disclaimer</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, that can generally be identified by words such as &#8220;growing,&#8221; &#8220;driven,&#8221; &#8220;continued,&#8221; &#8220;growth drivers,&#8221; &#8220;momentum,&#8221; &#8220;progress,&#8221; &#8220;launches,&#8221; &#8220;launched,&#8221; &#8220;strategic review,&#8221; &#8220;outlook,&#8221; &#8220;on track,&#8221; &#8220;guidance,&#8221; &#8220;confidence,&#8221; &#8220;growth phase,&#8221; &#8220;expect,&#8221; &#8220;expected,&#8221; &#8220;growth plan,&#8221; &#8220;launch trajectory,&#8221; &#8220;launch,&#8221; &#8220;continued focus,&#8221; &#8220;pipelines,&#8221; &#8220;option,&#8221; &#8220;priority review,&#8221; &#8220;seeks,&#8221; &#8220;proposed,&#8221; &#8220;ongoing,&#8221; &#8220;discussing,&#8221; &#8220;plans,&#8221; &#8220;under review,&#8221; &#8220;to accelerate,&#8221; &#8220;to strengthen,&#8221; &#8220;for the future,&#8221; &#8220;continues,&#8221; &#8220;continue,&#8221; &#8220;priorities,&#8221; &#8220;improving,&#8221; &#8220;reviewing,&#8221; &#8220;strategies,&#8221; &#8220;enabling,&#8221; &#8220;strategy,&#8221; &#8220;remains a priority,&#8221; &#8220;to be executed,&#8221; &#8220;aims,&#8221; &#8220;re-confirm,&#8221; &#8220;would,&#8221; &#8220;estimated,&#8221; &#8220;will,&#8221; &#8220;potential,&#8221; &#8220;pipeline,&#8221; &#8220;initiate,&#8221; &#8220;recommended,&#8221; &#8220;recommendation,&#8221; &#8220;next-generation,&#8221; &#8220;investigating,&#8221; &#8220;evaluating,&#8221; &#8220;begin evaluation,&#8221; &#8220;commitment,&#8221; &#8220;planned,&#8221; &#8220;subject to,&#8221; &#8220;Fast Track designation,&#8221; &#8220;underway,&#8221; &#8220;submitted,&#8221; &#8220;can,&#8221; or similar expressions, 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 the potential outcome of the strategic review being undertaken to maximize shareholder value of the Alcon Division; or regarding the potential financial or other impact on Novartis or any of our divisions of the significant reorganizations of recent years, including the creation of the Pharmaceuticals and Oncology business units to form the Innovative Medicines Division, the creation of the Global Drug Development organization and Novartis Operations (including Novartis Technical Operations and Novartis Business Services), the transfer of the Ophthalmic Pharmaceuticals products of our Alcon Division to the Innovative Medicines Division, the transfer of selected mature, non-promoted pharmaceutical products from the Innovative Medicines Division to the Sandoz Division, and the transactions with GSK, Lilly and CSL; or regarding the potential impact of the share buyback plan; 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 our current beliefs and expectations 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. Nor can there be any guarantee that the strategic review being undertaken to maximize shareholder value of the Alcon Division will reach any particular results, or at any particular time. 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 significant reorganizations of recent years, including the creation of the Pharmaceuticals and Oncology business units to form the Innovative Medicines Division, the creation of the Global Drug Development organization and Novartis Operations (including Novartis Technical Operations and Novartis Business Services), the transfer of the Ophthalmic Pharmaceuticals products of our Alcon Division to the Innovative Medicines Division, the transfer of selected mature, non-promoted pharmaceutical products from the Innovative Medicines Division to the Sandoz Division, and the transactions with GSK, Lilly and CSL. 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 or financial results. In particular, our expectations could be affected by, among other things: regulatory actions or delays or government regulation generally; the potential that the strategic benefits, synergies or opportunities expected from the significant reorganizations of recent years, including the creation of the Pharmaceuticals and Oncology business units to form the Innovative Medicines Division, the creation of the Global Drug Development organization and Novartis Operations (including Novartis Technical Operations and Novartis Business Services), the transfer of the Ophthalmic Pharmaceuticals products of our Alcon Division to the Innovative Medicines Division, the transfer of selected mature, non-promoted pharmaceutical products from the Innovative Medicines Division to the Sandoz Division, and 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 the research and development of new healthcare products, including 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 will continue this year; safety, quality or manufacturing issues; global trends toward health care cost containment, including government, payor and general public pricing and reimbursement pressures; the particular prescribing preferences of physicians and patients; 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; uncertainties regarding future demand for our products; and uncertainties regarding potential significant breaches of data security or data privacy, 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: justify">All product names appearing in italics are trademarks owned by or licensed to Novartis Group companies. Jakafi<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of Incyte Corporation<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">.</font> Enbrel<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of Amgen Inc. Stelara<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a trademark of Janssen Biotech, Inc. Rituxan<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of Biogen. Humira<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#174;</sup> is a registered trademark of AbbVie 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>

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<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, cost-saving generic and biosimilar pharmaceuticals and eye care. Novartis has leading positions globally in each of these areas. In 2016, the Group achieved net sales of USD 48.5 billion, while R&amp;D throughout the Group amounted to approximately USD 9.0 billion. Novartis Group companies employ approximately 121,000 full-time-equivalent associates. Novartis products are sold in approximately 155 countries around the world. For more information, please visit <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">http://www.novartis.com</font><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>

<div style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">November 13,</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">&#160;</sup><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">2017<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">R&amp;D update and investor event in London</font></div>

<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">January 24, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Fourth quarter and full year results 2017</font></div>

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<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">April 19, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">First quarter results 2018</font></div>

<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">May 15-16, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Meet Novartis Management investor event in Basel</font></div>

<div style="TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">July 18, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font><font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;&#160; <font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Second quarter results 2018</font></div>

<div style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">October 18, 2018<font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font>&#160;&#160;&#160; <font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; WIDTH: 9pt; DISPLAY: inline-block">&#160;</font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Third quarter results 2018</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
