<SEC-DOCUMENT>0001370368-24-000007.txt : 20240131
<SEC-HEADER>0001370368-24-000007.hdr.sgml : 20240131
<ACCEPTANCE-DATETIME>20240131074349
ACCESSION NUMBER:		0001370368-24-000007
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20231231
FILED AS OF DATE:		20240131
DATE AS OF CHANGE:		20240131

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NOVARTIS AG
		CENTRAL INDEX KEY:			0001114448
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		ORGANIZATION NAME:           	03 Life Sciences
		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:		24580648

	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>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a240131-6k.htm
<DESCRIPTION>6-K
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    Report on Form 6-K dated
    January 31, 2024</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:arial,helvetica,sans-serif; 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:arial,helvetica,sans-serif; 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:arial,helvetica,sans-serif; 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:arial,helvetica,sans-serif; 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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<font style="DISPLAY: inline; font-family:arial,helvetica,sans-serif; FONT-SIZE: 18pt; FONT-WEIGHT: bold">Exhibits:</font>
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<font style="DISPLAY: inline; font-family:arial,helvetica,sans-serif; FONT-SIZE: 11pt; FONT-WEIGHT: normal">

  <a href="a240131-99_1.htm">99.1 Financial Report Q4 2023</a>

<br />

 <a href="a240131-99_2.htm">99.2 Interim Financial Report</a>
    <br />
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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:arial,helvetica,sans-serif; 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:arial,helvetica,sans-serif; 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:arial,helvetica,sans-serif; 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:arial,helvetica,sans-serif; FONT-SIZE: 10pt">Date:
January 31, 2024</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:arial,helvetica,sans-serif; 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:arial,helvetica,sans-serif; 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:arial,helvetica,sans-serif; 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:arial,helvetica,sans-serif; 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:arial,helvetica,sans-serif; FONT-SIZE: 10pt">Head Financial Reporting and Accounting</font></div>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a240131-99_1.htm
<DESCRIPTION>99.1 FINANCIAL REPORT Q4 2023
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                      <div style="margin-bottom: 4pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;"><u>Ad hoc announcement pursuant to Art. 53 LR</u></div>
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                      <div style="line-height: 10.25pt; color: #0460A9; font-size: 11pt; font-weight: bold;">FINANCIAL RESULTS | R&#201;SULTATS FINANCIERS | FINANZERGEBNISSE</div>
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                    <div style="text-align: left; margin-bottom: 2pt; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;"><font style="font-weight: bold; color: rgb(4, 96, 169); background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif'; font-style: normal; font-variant: normal; text-transform: none;">Novartis&#160;International&#160;AG<br>
                        Novartis&#160;Global Communications</font><br>
                      CH-4002 Basel<br>
                      Switzerland<br>
                      <font style="color: #000000;">https://www.novartis.com</font></div>
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              <div style="text-align: justify; line-height: 15.95pt; font-family: Arial; font-size: 14pt; font-weight: bold;">Novartis delivers strong full year performance, 10% net sales and 18% core operating income growth (cc<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>), with margin
                expansion. Continuing innovation momentum with multiple positive Ph3 readouts</div>
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              <div style="line-height: 12.55pt; padding: 0px 0px 5px; font-family: Arial; font-size: 11pt; font-weight: bold;"><u>Full year (continuing operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>)</u></div>
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                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: left;">&#8226;</div>
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                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt; font-weight: bold;">Net sales grew +10% (cc, +8% USD) with core operating income growing +18% (cc, +11% USD)</div>
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                    <tr>
                      <td style="width: 9.35pt; vertical-align: top; text-align: right;">
                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: left;">&#8226;</div>
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                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt;">Sales growth was mainly driven by continued strong performance from <font style="font-style: italic;">Entresto</font> (+31% cc), <font style="font-style: italic;">Kesimpta</font> (+99% cc), <font style="font-style: italic;">Kisqali </font>(+75% cc), <font style="font-style: italic;">Pluvicto </font>(+261% cc) and <font style="font-style: italic;">Scemblix </font>(+179% cc)</div>
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                    <tr>
                      <td style="width: 9.35pt; vertical-align: top; text-align: right;">
                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: left;">&#8226;</div>
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                    <tr>
                      <td style="width: 9.35pt; vertical-align: top; text-align: right;">
                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: left;">&#8226;</div>
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              <div style="line-height: 1.15pt;"><br style="line-height: 1.15pt;">
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              <div style="line-height: 12.55pt; padding: 5px 0px; font-family: Arial; font-size: 11pt; font-weight: bold;"><u>Fourth quarter (continuing operations)</u></div>
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                    <tr>
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                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: left;">&#8226;</div>
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                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"><font style="font-weight: bold;">Net sales grew +10% (cc, +8% USD) with core operating income growing +13% (cc, +5% USD)</font>,</div>
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                    <tr>
                      <td style="width: 9.35pt; vertical-align: top; text-align: right;">
                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: left;">&#8226;</div>
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                      <td style="width: auto; vertical-align: top;">
                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Sales growth was mainly driven by continued strong performance from <font style="font-style: italic;">Entresto</font> (+26% cc), <font style="font-style: italic;">Kisqali</font> (+76% cc), <font style="font-style: italic;">Kesimpta</font> (+73% cc), <font style="font-style: italic;">Cosentyx</font> (+21% cc) and <font style="font-style: italic;">Pluvicto</font> (+53% cc)</div>
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              <div style="line-height: 1.15pt;"><br style="line-height: 1.15pt;">
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              <div style="line-height: 1.15pt">&#160;</div>
              <div>
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                    <tr>
                      <td style="width: 9.35pt; vertical-align: top; text-align: right;">
                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: left;">&#8226;</div>
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                      </td>
                    </tr>

                </table>
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                    <tr>
                      <td style="width: 23.05pt; vertical-align: top; text-align: right; font-size: 10pt;">
                        <div style="margin: 0px 0px 0px 9.35pt; line-height: 11.4pt; padding: 0px 0px 5px; text-align: left;">o</div>
                      </td>
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                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"><font style="font-weight: bold; font-style: italic;">Fabhalta</font> FDA approval for treatment of adults with PNH (both previously treated and treatment-na&#239;ve)</div>
                      </td>
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                    <tr>
                      <td style="width: 23.05pt; vertical-align: top; text-align: right; font-size: 10pt;">
                        <div style="margin: 0px 0px 0px 9.35pt; line-height: 11.4pt; padding: 0px 0px 5px; text-align: left;">o</div>
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                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"><font style="font-weight: bold; font-style: italic;">Cosentyx </font>FDA approval for the treatment of moderate to severe HS in adults</div>
                      </td>
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                    <tr>
                      <td style="width: 23.05pt; vertical-align: top; text-align: right; font-size: 10pt;">
                        <div style="margin: 0px 0px 0px 9.35pt; line-height: 11.4pt; padding: 0px 0px 5px; text-align: left;">o</div>
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                      <td style="width: auto; vertical-align: top;">
                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"><font style="font-weight: bold; font-style: italic;">Cosentyx </font>FDA approval for intravenous formulation in three indications (PsA, AS, nr-axSpA)</div>
                      </td>
                    </tr>

                </table>
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              <div>
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                    <tr>
                      <td style="width: 23.05pt; vertical-align: top; text-align: right; font-size: 10pt;">
                        <div style="margin: 0px 0px 0px 9.35pt; line-height: 11.4pt; padding: 0px 0px 5px; text-align: left;">o</div>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"><font style="font-weight: bold;">Iptacopan</font><font style="font-weight: bold; font-style: italic;">&#160;</font>Ph3 APPLAUSE-IgAN met its primary endpoint in IgAN
                          patients</div>
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                    </tr>

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              <div>
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                    <tr>
                      <td style="width: 23.05pt; vertical-align: top; text-align: right; font-size: 10pt;">
                        <div style="margin: 0px 0px 0px 9.35pt; line-height: 11.4pt; padding: 0px 0px 5px; text-align: left;">o</div>
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                      <td style="width: auto; vertical-align: top;">
                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"><font style="font-weight: bold;">Atrasentan</font> Ph3 ALIGN study met its primary endpoint in IgAN patients</div>
                      </td>
                    </tr>

                </table>
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                    <tr>
                      <td style="width: 23.05pt; vertical-align: top; text-align: right; font-size: 10pt;">
                        <div style="margin: 0px 0px 0px 9.35pt; line-height: 11.4pt; padding: 0px 0px 5px; text-align: left;">o</div>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"><font style="font-weight: bold;">Iptacopan</font><font style="font-weight: bold; font-style: italic;">&#160;</font>Ph3 APPEAR-C3G met its primary endpoint in C3G
                          patients</div>
                      </td>
                    </tr>

                </table>
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              <div>
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                    <tr>
                      <td style="width: 23.05pt; vertical-align: top; text-align: right; font-size: 10pt;">
                        <div style="margin: 0px 0px 0px 9.35pt; line-height: 11.4pt; padding: 0px; text-align: left;">o</div>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"><font style="font-weight: bold; font-style: italic;">Scemblix</font><font style="font-weight: bold;">&#160;</font>Ph3 ASC4FIRST study met its primary endpoints in 1L
                          Ph+ CML-CP patients (January)</div>
                      </td>
                    </tr>

                </table>
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              <div style="line-height: 4.55pt;"></div>
              <div style="line-height: 11.4pt; padding: 5px 0px; font-family: Arial; font-size: 11pt; font-weight: bold;"><u>Dividend, 2024 guidance; updated mid-term guidance</u></div>
              <div style="line-height: 11.4pt"></div>
              <div>
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                    <tr>
                      <td style="width: 18pt; vertical-align: top; text-align: right;">
                        <div style="line-height: 11.4pt; padding: 5px 0px; font-size: 11pt; text-align: left;">&#8226;</div>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="line-height: 11.4pt; padding: 5px 0px 0px; font-size: 11pt; text-align: justify;"><font style="font-weight: bold;">Dividend of CHF 3.30 per share, an increase of 3.1%, </font>proposed for 2023</div>
                      </td>
                    </tr>

                </table>
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                    <tr>
                      <td style="width: 18pt; vertical-align: top; text-align: right;">
                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: left;">&#8226;</div>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: justify;"><font style="font-weight: bold;">2024 guidance</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup><font style="font-weight: bold;">&#160;</font>&#8211; Net
                          sales expected to <font style="font-weight: bold;">grow</font>&#160;<font style="font-weight: bold;">mid single digit</font> and core operating income expected to <font style="font-weight: bold;">grow</font>&#160;<font style="font-weight: bold;">high single digit</font></div>
                      </td>
                    </tr>

                </table>
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              <div>
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                    <tr>
                      <td style="width: 18pt; vertical-align: top; text-align: right;">
                        <div style="text-align: left; line-height: 11.4pt; font-size: 11pt;">&#8226;</div>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"><font style="font-weight: bold;">Updated mid-term</font>&#160;<font style="font-weight: bold;">guidance </font>&#8211; Net sales expected to <font style="font-weight: bold;">grow</font>&#160;<font style="font-weight: bold;">5% cc CAGR 2023-2028</font> with core operating income margin expanding to <font style="font-weight: bold;">~40%+ by</font>&#160;<font style="font-weight: bold;">2027</font></div>
                      </td>
                    </tr>

                </table>
              </div>
              <div style="line-height: 3.4pt;"><br style="line-height: 3.4pt;">
              </div>
              <div style="line-height: 3.4pt">&#160;</div>
              <div style="line-height: 2.3pt;"><br style="line-height: 2.3pt;">
              </div>
              <div style="line-height: 2.3pt">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"><font style="font-weight: bold;">Basel, January 31, 2024 - </font>commenting on 2023 results, Vas Narasimhan, CEO of Novartis, said:<font style="font-style: italic;"> &#8220;Novartis completed its strategic transformation into a pure-play innovative medicines company and continued its relentless pursuit of sustainable shareholder value creation. Our robust operational performance
                  continues, with strong double-digit top and bottom-line growth, for the quarter and full year. We delivered ten positive Ph3 readouts on assets with significant sales potential, over the past year. The very strong performance of our key
                  growth drivers and pipeline underscores the confidence in our growth (5% cc CAGR 2023-2028) and margin (40%+ by 2027) mid-term guidance.&#8221;</font></div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 2.3pt;"><br style="line-height: 2.3pt;">
              </div>
              <div style="line-height: 2.3pt">&#160;</div>
              <div style="line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Key figures<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;</div>
              <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" id="zee588dc62b0c49f3ac5cc84f638c698c">

                  <tr>
                    <td nowrap="nowrap" style="width: 23.39%; vertical-align: middle; font-size: 9pt;">&#160;</td>
                    <td nowrap="nowrap" colspan="9" style="width: 76.61%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">Continuing operations</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="vertical-align: bottom; white-space: nowrap; width: 23.39%; padding: 0px 0px 2px; font-size: 9pt;">&#160;</td>
                    <td style="vertical-align: bottom; width: 9.98%; padding: 0px 0px 2px;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Q4 2023</div>
                    </td>
                    <td style="vertical-align: bottom; width: 9.98%; padding: 0px 0px 2px;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">Q4 2022</div>
                    </td>
                    <td colspan="3" style="vertical-align: bottom; width: 20.17%; padding: 0px 0px 2px;">
                      <div style="line-height: 9.1pt; font-size: 9pt; text-align: center; text-indent: 5px;">% change</div>
                    </td>
                    <td style="vertical-align: bottom; width: 9.98%; padding: 0px 0px 2px;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">FY 2023</div>
                    </td>
                    <td style="vertical-align: bottom; width: 9.98%; padding: 0px 0px 2px;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">FY 2022</div>
                    </td>
                    <td colspan="2" style="vertical-align: bottom; width: 16.53%; padding: 0px 0px 2px;">
                      <div style="line-height: 9.1pt; padding: 0px; font-size: 9pt; text-align: center; text-indent: 20px;">% change</div>
                    </td>
                  </tr>
                  <tr>
                    <td nowrap="nowrap" style="width: 23.39%; vertical-align: bottom; border-bottom: #000000 2px double;">
                      <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                    </td>
                    <td style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 2px double;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">USD m</div>
                    </td>
                    <td style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 2px double;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">USD m</div>
                    </td>
                    <td style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 2px double;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: normal;">USD</div>
                    </td>
                    <td style="width: 8.33%; vertical-align: bottom; border-bottom: #000000 2px double;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: normal;">cc</div>
                    </td>
                    <td style="width: 2.99%; vertical-align: bottom; border-bottom: #000000 2px double;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                    </td>
                    <td style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 2px double;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">USD m</div>
                    </td>
                    <td style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 2px double;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">USD m</div>
                    </td>
                    <td style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 2px double;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">USD</div>
                    </td>
                    <td style="width: 7.67%; vertical-align: bottom; border-bottom: #000000 2px double;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">cc</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 23.39%; text-indent: 3px;">
                      <div style="line-height: 9.1pt; padding: 5px 0px 0px; font-size: 9pt; font-weight: bold;">Net sales</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">11 423</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">10 576</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">8</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.33%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">10</div>
                    </td>
                    <td nowrap="nowrap" style="width: 2.99%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">45 440</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">42 206</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">8</div>
                    </td>
                    <td nowrap="nowrap" style="width: 7.67%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">10</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 23.39%; text-indent: 3px;">
                      <div style="line-height: 9.1pt; padding: 5px 0px 0px; font-size: 9pt; font-weight: bold;">Operating income</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">2 582</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">1 755</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">47</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.33%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">68</div>
                    </td>
                    <td nowrap="nowrap" style="width: 2.99%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">9 769</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">7 946</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">23</div>
                    </td>
                    <td nowrap="nowrap" style="width: 7.67%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">39</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 23.39%; text-indent: 3px;">
                      <div style="line-height: 9.1pt; padding: 5px 0px 0px; font-size: 9pt; font-weight: bold;">Net income</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">2 638</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">1 315</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">101</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.33%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">130</div>
                    </td>
                    <td nowrap="nowrap" style="width: 2.99%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">8 572</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">6 049</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">42</div>
                    </td>
                    <td nowrap="nowrap" style="width: 7.67%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">62</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 23.39%; text-indent: 3px;">
                      <div style="line-height: 9.1pt; padding: 5px 0px 0px; font-size: 9pt; font-weight: bold;">EPS (USD)</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">1.29</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">0.62</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">108</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.33%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">140</div>
                    </td>
                    <td nowrap="nowrap" style="width: 2.99%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">4.13</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">2.77</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">49</div>
                    </td>
                    <td nowrap="nowrap" style="width: 7.67%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">70</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 23.39%; text-indent: 3px;">
                      <div style="line-height: 9.1pt; padding: 5px 0px 0px; font-size: 9pt; font-weight: bold;">Free cash flow</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">2 141</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">3 462</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">-38</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.33%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 2.99%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">13 160</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">12 123</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">9</div>
                    </td>
                    <td nowrap="nowrap" style="width: 7.67%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 23.39%; text-indent: 3px;">
                      <div style="line-height: 9.1pt; padding: 5px 0px 0px; font-size: 9pt; font-weight: bold;">Core operating income</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">3 821</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">3 645</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">5</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.33%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">13</div>
                    </td>
                    <td nowrap="nowrap" style="width: 2.99%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">16 372</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">14 794</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">11</div>
                    </td>
                    <td nowrap="nowrap" style="width: 7.67%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">18</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 23.39%; text-indent: 3px;">
                      <div style="line-height: 9.1pt; padding: 5px 0px 0px; font-size: 9pt; font-weight: bold;">Core net income</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">3 126</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">2 963</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">6</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.33%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">11</div>
                    </td>
                    <td nowrap="nowrap" style="width: 2.99%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">13 446</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">11 946</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">13</div>
                    </td>
                    <td nowrap="nowrap" style="width: 7.67%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">19</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 23.39%; text-indent: 3px;">
                      <div style="line-height: 9.1pt; padding: 5px 0px 0px; font-size: 9pt; font-weight: bold;">Core EPS (USD)</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">1.53</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">1.39</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">10</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.33%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">16</div>
                    </td>
                    <td nowrap="nowrap" style="width: 2.99%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(0, 0, 0); font-size: 9pt; font-weight: bold;">6.47</div>
                    </td>
                    <td nowrap="nowrap" style="width: 9.98%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">5.48</div>
                    </td>
                    <td nowrap="nowrap" style="width: 8.86%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">18</div>
                    </td>
                    <td nowrap="nowrap" style="width: 7.67%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                      <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">25</div>
                    </td>
                  </tr>

              </table>
              <div style="font-family: Arial; font-size: 11pt;">&#160;<br>
              </div>
              <div>
                <div style="line-height: 7.7pt; padding: 2px 0px 0px; color: #000000; font-family: Arial; font-size: 8pt; 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 49 of the Condensed Financial Report. Unless otherwise noted, all growth rates in this Release refer to same period in prior year.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#160; . 2 </sup>As defined on page 37 of the Condensed Financial
                  Report, Continuing operations include the retained business activities of Novartis, comprising the innovative medicines business and the continuing Corporate activities and Discontinued operations include operational results from the
                  Sandoz business. <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup> Please see detailed guidance assumptions on page 7</div>
                <div style="line-height: 5.7pt">&#160;</div>
              </div>
              <div style="clear: both; margin-top: 13pt; margin-bottom: 13pt; font-family: Arial;" class="BRPFPageBreakArea">
                <div style="page-break-after: always;" class="BRPFPageBreak">
                  <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                <div style="width: 100%;" class="BRPFPageHeader"></div>
              </div>
              <div><br>
              </div>
              <div style="line-height: 0pt;"></div>
              <div style="line-height: 21pt; font-family: Arial; font-size: 16pt; font-weight: bold;">Strategy Update</div>
              <div style="line-height: 21pt"></div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Our focus</div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">During 2023, Novartis completed our transformation into a &#8220;pure-play&#8221; innovative medicines business. We have a clear focus on <font style="font-weight: bold;">four core therapeutic areas</font> (cardiovascular-renal-metabolic,<br>
                immunology, neuroscience and oncology), with multiple significant in-market and pipeline assets in each of these areas, that address high disease burden and have substantial growth potential. In addition to two established <font style="font-weight: bold;">technology platforms</font> (chemistry and biotherapeutics), three emerging platforms (gene &amp; cell therapy, radioligand therapy and xRNA) are being prioritized for continued investment into new R&amp;D
                capabilities and manufacturing scale. Geographically, we are focused on growing in our <font style="font-weight: bold;">priority geographies</font> - the US, China, Germany and Japan.</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Our priorities</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div>
                <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb335932d005d490eaa87a9fc28bb9355">

                    <tr>
                      <td style="width: 18pt; vertical-align: top; text-align: right;">
                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: left;">1.</div>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: justify;"><font style="font-weight: bold;">Accelerate growth</font>: Renewed attention to deliver high-value medicines (NMEs) and focus on launch
                          excellence, with a rich pipeline across our core therapeutic areas.</div>
                      </td>
                    </tr>

                </table>
              </div>
              <div>
                <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd672639ab1264b228e44651532910f5d">

                    <tr>
                      <td style="width: 18pt; vertical-align: top; text-align: right;">
                        <div style="margin: 0px; line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: left;">2.</div>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-size: 11pt; text-align: justify;"><font style="font-weight: bold;">Deliver returns</font>: Continuing to embed operational excellence and deliver improved financials.
                          Novartis remains disciplined and shareholder-focused in our approach to capital allocation, with substantial cash generation and a strong capital structure supporting continued flexibility.</div>
                      </td>
                    </tr>

                </table>
              </div>
              <div>
                <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9dfb6a97ad43489795153b3fe923fef0">

                    <tr>
                      <td style="width: 18pt; vertical-align: top; text-align: right;">
                        <div style="text-align: left; line-height: 11.4pt; font-size: 11pt;">3.</div>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"><font style="font-weight: bold;">Strengthening foundations</font>: Unleashing the power of our people, scaling data science and technology and continuing to
                          build trust with society.</div>
                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"> <br>
                        </div>
                        <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"> <br>
                        </div>
                      </td>
                    </tr>

                </table>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 21pt"></div>
              <div style="line-height: 21pt; font-family: Arial; font-size: 16pt; font-weight: bold;">Financials</div>
              <div style="line-height: 21pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Following the September 15, 2023, shareholders&#8217; approval of the spin-off of the Sandoz business the Company reported its consolidated financial
                statements for the current and prior years as &#8220;continuing operations&#8221; and &#8220;discontinued operations.&#8221;</div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Continuing operations include the retained business activities of Novartis, comprising the innovative medicines business and the continuing corporate
                activities. Discontinued operations include the Sandoz Division and selected portions of corporate activities attributable to Sandoz&#8217;s business, as well as certain expenses related to the spin-off.</div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Following the spin-off of the Sandoz business, Novartis operates as a single global operating segment focused innovative medicines company.</div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">The commentary below focuses on continuing operations. We also provide information on discontinued operations, which mainly includes Sandoz and
                allocated corporate activities.</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Continuing operations</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;">Fourth quarter</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"><font style="color: #000000;">Net sales were USD 11.4 billion (+8%, +10% cc) in the fourth quarter driven by volume growth of 13 percentage points.
                  Generic competition had a negative impact of 3 percentage points and pricing had no impact</font>.</div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Operating income was USD 2.6 billion (+47%, +68% cc), mainly driven by higher net sales and lower restructuring charges, partly offset by higher
                SG&amp;A and R&amp;D investments.</div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"><font style="color: #000000;">Net income was USD 2.6 billion (+101%, +130% cc), mainly driven by higher operating income and non-recurring favorable
                  tax impacts</font>. <font style="color: #000000;">EPS was USD 1.29 </font>(<font style="color: #000000;">+108%, +140% cc</font>), benefiting from lower weighted average number of shares outstanding.</div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Core operating income was USD 3.8 billion (+5%, +13% cc), mainly driven by higher net sales, partly offset by higher SG&amp;A and R&amp;D
                investments.&#160;Core operating income growth in USD was impacted by negative 2 percentage points from the effect of mid-December currency devaluation in Argentina<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>. Core operating income margin was 33.5% of net sales, decreasing 1.0
                percentage point (+1.0 percentage point cc).</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">
                <div style="line-height: 8.55pt; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> IFRS<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Accounting Standards requires for our Argentina subsidiary, as it operates in a hyperinflation economy, to translate for consolidation purposes their full year
                  income statement to our USD presentation currency using the ARS closing rate, and not using the average exchange rate for the period. This results in the 9-months and the Q4 devaluation impact being recognized in Q4.</div>
                <div style="line-height: 8.55pt; font-size: 8pt;"> <br>
                </div>
              </div>
              <div style="text-align: center; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"><font style="font-size: 8pt;">2</font><br>
              </div>
              <div style="text-align: center; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"><font style="font-size: 8pt;"> <br>
                </font></div>
              <div style="text-align: center; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"><font style="font-size: 8pt;"> <br>
                </font></div>
              <div class="BRPFPageBreakArea" style="clear: both; margin-top: 13pt; margin-bottom: 13pt; font-family: Arial;">
                <div class="BRPFPageBreak" style="page-break-after: always;">
                  <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                <div style="width: 100%;" class="BRPFPageHeader"></div>
              </div>
              <div><br>
              </div>
              <div><br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Core net income was USD 3.1 billion (+6%, +11% cc), mainly due to higher core operating income. Core EPS was USD 1.53 (+10%, +16% cc), benefiting from
                lower weighted average number of shares outstanding.</div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Free cash flow from continuing operations amounted to USD 2.1 billion (-38% USD), compared with USD 3.5 billion in the prior year quarter driven by
                lower net cash flows from operating activities.</div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;">Full year</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Net sales were USD 45.4 billion (+8%, +10% cc) in the full year, driven by volume growth of 16 percentage points, partly offset by price erosion of 2
                percentage points and the negative impact from generic competition of 4 percentage points.</div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Operating income was USD 9.8 billion (+23%, +39% cc), mainly driven by higher net sales, lower restructuring charges, and income from legal matters,
                partly offset by higher impairments and higher SG&amp;A and R&amp;D investments.</div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"><font style="color: #000000;">Net income was USD 8.6 billion (+42%, +62% cc), mainly driven by higher operating income and non-recurring favorable tax
                  impacts</font>. <font style="color: #000000;">EPS was USD 4.13 </font>(+49%, +70% cc)<font style="color: #000000;">.</font></div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Core operating income was USD 16.4 billion (11%, +18% cc), mainly driven by higher net sales, partly offset by higher SG&amp;A and R&amp;D
                investments. Core operating income margin was 36.0% of net sales, increasing 0.9 percentage points (+2.4 percentage points cc).</div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;"><font style="color: #000000;">Core net income was USD 13.4 billion (+13%, +19% cc), mainly due to higher core operating income</font>. <font style="color: #000000;">Core EPS was USD 6.47 (+18%, +25% cc), benefiting from lower weighted average number of shares outstanding.</font></div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">Free cash flow from continuing operations amounted to USD 13.2 billion (+9% USD), compared with USD 12.1 billion in 2022 driven by
                higher net cash flows from operating activities.</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Discontinued operations</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">Discontinued operations include the Sandoz generic pharmaceuticals and biosimilars division, certain corporate activities attributable
                to Sandoz prior to the spin-off up to the distribution date of October 3, 2023, and certain other expenses related to the spin-off. Included in 2023 is also the IFRS Accounting Standards non-cash, non-taxable net gain on the distribution of
                Sandoz Group AG to Novartis AG shareholders of USD 5.9 billion, representing mainly the excess amount of the IFRS Accounting Standards distribution liability, which is the estimated fair value of the Sandoz business distributed to Novartis
                AG shareholders, over the then carrying value of Sandoz business net assets. There were no operating results for the fourth quarter 2023 following the distribution date. The prior year includes the results for the full period.</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;">Fourth quarter</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;"> </div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">Net income from discontinued operations amounted to USD 5.8 billion, driven by the IFRS Accounting Standards non-cash, non-taxable,
                net gain on distribution of Sandoz Group AG to Novartis AG shareholders of USD 5.9 billion, compared to USD 151 million in prior year.</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;">Full year</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">Discontinued operations net sales in 2023 were USD 7.4 billion, compared to USD 9.4 billion in 2022 and operating income amounted to
                USD 265 million compared to USD 1.3 billion in 2022.</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> </div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">Net income from discontinued operations in 2023 amounted to USD 6.3 billion, compared to USD 906 million in 2022, driven by the IFRS
                Accounting Standards non-cash, non-taxable, net gain on distribution of Sandoz Group AG to Novartis AG shareholders, which amounted to USD 5.9 billion.</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt"> <br>
              </div>
              <div style="line-height: 11.4pt; text-align: center;"><font style="font-family: Arial;"> <font style="font-size: 8pt;">3</font><br>
                </font></div>
              <div style="line-height: 11.4pt; text-align: center;"><font style="font-family: Arial;"><font style="font-size: 8pt;"> <br>
                  </font></font></div>
              <div><br>
              </div>
              <div style="clear: both; margin-top: 13pt; margin-bottom: 13pt; font-family: Arial;" class="BRPFPageBreakArea">
                <div style="page-break-after: always;" class="BRPFPageBreak">
                  <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                <div style="width: 100%;" class="BRPFPageHeader"></div>
              </div>
              <div><br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Total Company</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;">Fourth quarter</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">Total Company net income was USD 8.5 billion in 2023, compared to USD 1.5 billion in 2022 and basic EPS was USD 4.14 compared to USD
                0.69 in prior year, driven by the IFRS Accounting Standards non-cash, non-taxable, net gain on distribution of Sandoz Group AG to Novartis AG shareholders of USD 5.9 billion.&#160;Net cash flows from operating activities for total Company
                amounted to USD 2.5 billion and free cash flow amounted to USD 2.1 billion.</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;">Full year</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">Total Company, net income amounted to USD 14.9 billion in 2023, compared to USD 7.0 billion in 2022, and basic earnings per share was
                USD 7.15 compared to USD 3.19 in prior year, driven by the IFRS Accounting Standards non-cash, non-taxable, net gain on distribution of Sandoz Group AG to Novartis AG shareholders of USD 5.9 billion. Net cash flows from operating activities
                for the total company amounted to USD 14.5 billion, and free cash flow amounted to USD 13.2 billion.</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Q4 key growth drivers</div>
              <div style="line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt; padding: 0px 0px 5px; font-family: Arial; font-size: 11pt; text-align: justify;">Underpinning our financial results in the quarter is a continued focus on key growth drivers (ranked in order of contribution to
                Q4 growth) including:</div>
              <div style="line-height: 11.4pt"></div>
              <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" id="z5433cbf1a5704349b2538387665b31fd">

                  <tr>
                    <td style="border-bottom: 1px solid #000000; border-top: 2px solid; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Entresto</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; border-top: 2px solid; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 1 635 million, +26% cc) sustained robust demand-led growth, with increased patient share across all geographies</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Kisqali</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 610 million, +76% cc) sales grew strongly across all regions, based on increasing recognition of consistently reported overall survival in HR+/HER2- advanced
                        breast cancer</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Kesimpta</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 641 million, +73% cc) sales grew across all regions driven by increased demand and strong access</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Cosentyx</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 1 303 million, +21% cc)&#160; US sales grew (+17%) and ex-US sales (+26% cc), benefitting from lower prior year base (including revenue deduction adjustments in
                        the US)</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Pluvicto</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 273 million, +53% cc) continued sales growth in the US. Supply now unconstrained, focusing on initiating new patients</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Ilaris</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 376 million, +29% cc) sales grew across all regions</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Leqvio</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 123 million, +190% cc) launch is ongoing, with focus on patient on-boarding, removing access hurdles and enhancing medical education</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Scemblix</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 125 million, +143% cc) continued its strong launch uptake demonstrating the high unmet need in CML</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Jakavi</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 444 million, +14% cc) sales grew in emerging growth markets, Europe and Japan, driven by strong demand in both myelofibrosis and polycythemia vera
                        indications</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Xolair</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 378 million, +16% cc) sales grew across all regions</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Tafinlar + Mekinist</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 486 million, +7% cc) sales grew mainly in the US and emerging growth markets, partly offset by decline in Europe</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Promacta/Revolade</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 563 million, +4% cc) sales grew mainly in the US driven by increased use in chronic ITP and severe aplastic anemia</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Piqray</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 131 million, +18% cc) sales grew mainly in the US</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Lutathera</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">(USD 147 million, +13% cc) sales grew across all regions due to increased demand</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 20.46%; vertical-align: top; border-bottom: #000000 2px double;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 5px; font-size: 11pt; font-style: italic; font-weight: bold;">Emerging Growth Markets*</div>
                    </td>
                    <td style="border-bottom: 2px double #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="line-height: 11.4pt; padding: 0px 0px 4px; font-size: 11pt; text-align: justify;">Grew +18% (cc) overall. China grew (+38% cc) to USD 0.8 billion, due to lower prior year base. For the full year, China grew +17% (cc)</div>
                      <div style="line-height: 10.25pt; padding: 0px 0px 5px; font-size: 9pt; text-align: justify;">*All markets except the US, Canada, Western Europe, Japan, Australia, and New Zealand</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
              </div>
              <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
              </div>
              <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
              </div>
              <div style="line-height: 11.4pt; text-align: center;"><font style="font-family: Arial; font-size: 8pt;">4</font> </div>
              <div style="line-height: 11.4pt; text-align: center;"><font style="font-family: Arial; font-size: 8pt;"> <br>
                </font></div>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt"></div>
              <div class="BRPFPageBreakArea" style="clear: both; margin-top: 13pt; margin-bottom: 13pt;">
                <div class="BRPFPageBreak" style="page-break-after: always;">
                  <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                <div style="width: 100%;" class="BRPFPageHeader"></div>
              </div>
              <div style="line-height: 11.4pt;"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Net sales of the top 20 brands in 2023</div>
              <div style="line-height: 11.4pt">&#160;</div>
              <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" id="z1eddb53348994c48b46e18a07930888a">

                  <tr>
                    <td style="vertical-align: top; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">&#160;</td>
                    <td style="vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">Q4 2023</div>
                    </td>
                    <td colspan="2" style="vertical-align: bottom; white-space: nowrap; width: 23.78%; padding: 2px 0px 5px; text-align: center;">
                      <div style="line-height: 11.8pt; padding: 0px; font-size: 11pt; font-weight: bold; text-indent: 15px;">% change</div>
                    </td>
                    <td style="vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px; text-align: right;">
                      <div style="line-height: 11.8pt; font-size: 11pt; font-weight: bold;">FY 2023</div>
                    </td>
                    <td colspan="2" style="vertical-align: bottom; width: 22.94%; padding: 2px 0px 5px; text-align: center;">
                      <div style="line-height: 11.8pt; padding: 0px; font-size: 11pt; font-weight: bold; text-indent: 35px;">% change</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 2px double; vertical-align: top; width: 27.14%; padding: 2px 0px 5px;">&#160;</td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">USD m</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">USD</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">cc</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">USD m</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">USD</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: top; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">cc</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Entresto</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">1 635</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">27</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;26</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">6 035</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">30</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">31</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Cosentyx</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">1 303</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">21</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;21</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">4 980</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">4</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">5</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Promacta/Revolade</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">563</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">4</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;4</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">2 269</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">9</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">10</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Kesimpta</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">641</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">74</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;73</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">2 171</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">99</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">99</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Kisqali</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">610</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">71</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;76</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">2 080</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">69</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">75</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Tafinlar + Mekinist</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">486</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">5</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;7</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">1 922</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">9</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">11</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Tasigna</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">446</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-6</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">- 6</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">1 848</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-4</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-3</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Jakavi</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">444</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">14</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;14</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">1 720</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">10</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">12</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Lucentis</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">301</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-24</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">- 25</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">1 475</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-21</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-20</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Xolair</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">378</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">17</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;16</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">1 463</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">7</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">9</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Ilaris</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">376</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">25</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;29</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">1 355</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">20</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">22</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Sandostatin</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">316</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">4</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;5</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">1 314</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">6</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">8</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Zolgensma</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">286</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-7</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">- 4</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">1 214</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-11</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-9</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Pluvicto</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">273</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">53</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;53</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">&#160;980</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">262</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">261</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Gilenya</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">154</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-55</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">- 55</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">&#160;925</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-54</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-54</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt;"><font style="font-style: italic;">Exforge </font>Group</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">156</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-2</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">- 1</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">&#160;713</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-4</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-1</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt;"><font style="font-style: italic;">Galvus </font>Group</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">153</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-27</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">- 17</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">&#160;692</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-19</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-11</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt;"><font style="font-style: italic;">Diovan </font>Group</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">147</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">4</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;6</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">&#160;613</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-6</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-1</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Lutathera</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">147</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">15</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">&#160;13</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">&#160;605</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">28</div>
                    </td>
                    <td style="border-bottom: 1px solid; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">28</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 2px double; vertical-align: bottom; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic;">Gleevec/Glivec</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">128</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-27</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">- 25</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">&#160;561</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-25</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt;">-22</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 2px double; vertical-align: top; white-space: nowrap; width: 27.14%; padding: 2px 0px 5px;">
                      <div style="line-height: 11.8pt; font-size: 11pt; font-weight: bold;">Top 20 brands total</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; white-space: nowrap; width: 13.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">8 943</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; white-space: nowrap; width: 11.6%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">13</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; white-space: nowrap; width: 12.18%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">&#160;14</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 12.54%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">34 935</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 12.82%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">10</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: bottom; width: 10.12%; padding: 2px 0px 5px;">
                      <div style="text-align: right; line-height: 11.8pt; font-size: 11pt; font-weight: bold;">12</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 11.8pt"></div>
              <div style="line-height: 11.8pt;"><br style="line-height: 11.8pt;">
              </div>
              <div style="line-height: 11.8pt">&#160;</div>
              <div style="line-height: 21pt"></div>
              <div style="line-height: 21pt; font-family: Arial; font-size: 16pt; font-weight: bold;">R&amp;D update - key developments from the fourth quarter</div>
              <div style="line-height: 11.4pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">&#160;</div>
              <div style="line-height: 11.4pt; padding: 0px 0px 5px; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">New approvals</div>
              <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" id="z4e8f320e7e654cb2b06eedb67d019938">

                  <tr>
                    <td style="border-bottom: 1px solid #000000; border-top: 2px solid; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic; font-weight: bold;">Fabhalta</div>
                      <div style="line-height: 13.1pt; font-size: 11pt; font-weight: bold;">(iptacopan)</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; border-top: 2px solid; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Approved in the US as the first oral monotherapy for the treatment of adults (both previously treated and treatment-na&#239;ve patients) with paroxysmal nocturnal
                        hemoglobinuria (PNH)</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; padding: 2px 0px 0px; font-size: 11pt; font-style: italic; font-weight: bold;">Cosentyx</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Approved in the US as the first new biologic therapy for the treatment of moderate to severe hidradenitis suppurativa (HS) in adults in nearly a decade</div>
                      <div style="line-height: 11.4pt;"><font style="line-height: 11.4pt;">&#160;</font></div>
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Approved in the US as an intravenous formulation in three indications: psoriatic arthritis, ankylosing spondylitis, and non-radiographic axial SpA</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 11.4pt">&#160;</div>
              <div style="line-height: 11.4pt; padding: 0px 0px 5px; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Results from ongoing trials and other highlights</div>
              <div style="line-height: 11.4pt"></div>
              <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" id="z16c5f72b3dfd461eb367dde4b91206a3">

                  <tr>
                    <td style="border-bottom: 1px solid #000000; border-top: 2px solid; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 11.4pt; font-size: 11pt; font-style: italic; font-weight: bold;">Scemblix</div>
                      <div style="line-height: 11.4pt; font-size: 11pt; font-weight: bold;">(asciminib)</div>
                    </td>
                    <td style="border-bottom: 1px solid #000000; border-top: 2px solid; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Ph3 ASC4FIRST study met both primary endpoints (major molecular response rate&#160; vs. imatinib or investigator-selected tyrosine kinase inhibitors) with clinically
                        meaningful and statistically significant results in newly diagnosed patients with Philadelphia chromosome-positive chronic myeloid leukemia in chronic phase (Ph+ CML-CP). Additionally, <font style="font-style: italic;">Scemblix</font>
                        showed a favorable safety and tolerability profile. Data will be presented at an upcoming medical conference and submitted to regulatory authorities in 2024</div>
                      <div style="line-height: 11.4pt;"><font style="line-height: 11.4pt;">&#160;</font></div>
                      <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"></div>
                    </td>
                  </tr>

              </table>
              <div><br>
              </div>
              <div><br>
              </div>
              <div style="text-align: center;"><font style="font-family: Arial; font-size: 8pt;">5</font><br>
              </div>
              <div style="text-align: center;"><font style="font-family: Arial; font-size: 8pt;"> <br>
                </font></div>
              <div style="text-align: center;"><font style="font-family: Arial; font-size: 8pt;"> <br>
                </font></div>
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              </div>
              <div style="line-height: 21pt; font-family: Arial; font-size: 16pt; font-weight: bold;">
                <div>
                  <table cellspacing="0" cellpadding="0" border="0" id="zfeda158e978d44a58b05ee2fb11071a2" style="font-family: Arial; font-size: 13pt; color: #000000; width: 100%;">
                  </table>
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                <table cellspacing="0" cellpadding="0" border="0" id="z8cfbcb8cbd924ed39b45c9cf70149ee8" style="font-family: Arial; font-size: 13pt; color: #000000; width: 100%;">
                </table>
                <div>
                  <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" id="ze3a8f4fff75444459911ffdd0fb5a55b">

                      <tr>
                        <td style="border-bottom: 1px solid #000000; border-top: 2px solid; margin: 0px; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;"></td>
                        <td style="border-bottom: 1px solid #000000; border-top: 2px solid; margin: 0px; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;"></div>
                          <div style="line-height: 11.4pt;"><font style="line-height: 11.4pt;"></font></div>
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Ph3 ASCEMBL study, median follow-up of almost 4 years, in patients with Ph+ CML-CP continue to support the efficacy, safety and tolerability profile compared
                            with bosutinib in 3L+ setting. Data presented at ASH 2023</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="border-bottom: 1px solid #000000; margin: 0px; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                          <div style="line-height: 13.1pt; font-size: 11pt; font-style: italic; font-weight: bold;">Fabhalta</div>
                          <div style="line-height: 13.1pt; font-size: 11pt; font-weight: bold;">(iptacopan)</div>
                        </td>
                        <td style="border-bottom: 1px solid #000000; margin: 0px; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Ph3 APPLAUSE-IgAN study interim analysis demonstrated clinically meaningful and highly statistically significant proteinuria reduction in patients with IgA
                            nephropathy. The trial met its pre-specified interim analysis (9 months) primary endpoint, demonstrating superiority vs. placebo in proteinuria reduction, with safety consistent with previously reported data. Novartis plans to
                            review interim data with regulatory authorities for accelerated approval; study continues with final readout at 24 months</div>
                          <div style="line-height: 11.4pt;"><font style="line-height: 11.4pt;">&#160;</font></div>
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Ph3 APPEAR-C3G study met its primary endpoint, demonstrating superiority of iptacopan vs placebo in proteinuria reduction at six-month analysis and provided
                            clinically meaningful and statistically significant proteinuria reduction in patients with C3G on top of background therapy. Iptacopan&#8217;s safety profile was consistent with previously reported data. Data to be presented at an
                            upcoming medical meeting. Study continues with all patients receiving active therapy for six-months</div>
                          <div style="line-height: 11.4pt;"><font style="line-height: 11.4pt;">&#160;</font></div>
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Ph3 APPLY-PNH extension data showed sustained efficacy and long-term safety of <font style="font-style: italic;">Fabhalta</font> in adults with paroxysmal
                            nocturnal hemoglobinuria (PNH). Data showed sustained clinically meaningful hemoglobin-level increases to near-normal (&#8805;12 g/dL), blood transfusion avoidance, and improved patient-reported fatigue in the majority of patients.
                            Comparable benefits were seen in those patients switching from anti-C5 therapy to <font style="font-style: italic;">Fabhalta</font>. Safety profile at 48 weeks was similar to 24 week data. Data presented at ASH 2023</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="border-bottom: 1px solid #000000; margin: 0px; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                          <div style="line-height: 11.4pt; font-size: 11pt; font-weight: bold;">atrasentan</div>
                          <div style="line-height: 15.75pt;"><font style="line-height: 15.75pt;">&#160;</font></div>
                        </td>
                        <td style="border-bottom: 1px solid #000000; margin: 0px; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Ph3 ALIGN study met its primary endpoint, demonstrating superiority of atrasentan vs placebo in proteinuria reduction at 36-week interim analysis with
                            clinically meaningful and highly statistically significant reduction in proteinuria in IgAN patients receiving supportive care. Safety profile of atrasentan was consistent with previously reported data. Data to be presented at
                            an upcoming medical meeting. Study continues with final readout expected in 2026</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="border-bottom: 1px solid #000000; margin: 0px; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                          <div style="text-align: justify; line-height: 13.1pt; font-size: 11pt; font-weight: bold;">remibrutinib</div>
                        </td>
                        <td style="border-bottom: 1px solid #000000; margin: 0px; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Ph3 REMIX-1 and REMIX-2 trials showed clinically meaningful and statistically significant reduction in weekly urticaria activity (UAS7), itch (ISS7) and hives
                            (HSS7) at Week 12 vs placebo in patients with CSU. Significant improvement in symptom control was seen as early as Week 2 and sustained up to Week 12. Remibrutinib was well-tolerated and demonstrated a favorable safety profile
                            with rates of overall adverse events comparable to placebo and balanced liver function tests across both studies. Studies are ongoing with final (52-week) readout and regulatory submissions in 2024. Data presented at AAAI 2023</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="border-bottom: 1px solid #000000; margin: 0px; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                          <div style="line-height: 11.4pt; font-size: 11pt; font-style: italic; font-weight: bold;">Kisqali</div>
                          <div style="text-align: justify; line-height: 15.75pt; font-size: 11pt; font-weight: bold;">(ribociclib)</div>
                        </td>
                        <td style="border-bottom: 1px solid #000000; margin: 0px; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Final protocol-specified iDFS analysis of Ph3 NATALEE trial (with a median follow-up of 33.3 months and 78.3% of patients having completed ribociclib)
                            reinforces 25% reduction in risk of recurrence across broad population of patients with HR+/HER2- early breast cancer and continues to support regulatory submissions. iDFS benefit remains consistent across key patient subgroups,
                            with stability in secondary endpoints including overall survival (OS). Among patients with stage II and stage III tumors, ribociclib lowered risk of disease recurrence by 30% and 24.5%, respectively. Safety profile was in line
                            with previously reported results. Data presented at SABCS 2023. NATALEE data submitted to the FDA in December 2023</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="border-bottom: 1px solid #000000; margin: 0px; vertical-align: top; width: 20.46%; padding: 2px 0px 5px;">
                          <div style="line-height: 13.1pt; font-size: 11pt; font-weight: bold;">Early-stage business development in core therapeutic areas and technologies</div>
                        </td>
                        <td style="border-bottom: 1px solid #000000; margin: 0px; vertical-align: top; width: 79.54%; padding: 2px 0px 5px;">
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Cardiovascular-Renal-Metabolic:</div>
                          <div style="margin: 0px 0px 0px 14.5px; padding: 2px 0px 5px; text-align: justify; text-indent: -17px;"><font style="font-size: 11pt;">&#8226;</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 9pt" class="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 11pt;">Chong Kun Dang (LMW, lead asset CKD-510 for diseases in which the enzyme HDAC6 is thought to play a role, including some cardiovascular diseases)</font></div>
                          <div></div>
                          <div style="margin: 0px 0px 0px 14.5px; padding: 2px 0px 5px; text-align: justify; text-indent: -17px;"><font style="font-size: 11pt;">&#8226;</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 9pt" class="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 11pt;">SanReno (LMW and mAb, securing worldwide rights for Atrasentan/Zigakibart)</font></div>
                          <div></div>
                          <div style="margin: 0px 0px 0px 12px; padding: 2px 0px 5px; text-align: justify; text-indent: -14px;"><font style="font-size: 11pt;">&#8226;</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 9pt" class="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 11pt;">Argo Biopharma (xRNA, undisclosed targets)</font></div>
                          <div></div>
                          <div style="line-height: 11.4pt;"><font style="line-height: 11.4pt;">&#160;</font></div>
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Neuroscience:</div>
                          <div style="margin: 0px 0px 0px 14.5px; padding: 2px 0px 5px; text-align: justify; text-indent: -17px;"><font style="font-size: 11pt;">&#8226;</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 9pt" class="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 11pt;">Voyager Therapeutics (Gene therapy, strategic collaboration and capsid license agreement for potential Huntington&#8217;s Disease and spinal muscular atrophy therapies)</font></div>
                        </td>
                      </tr>

                  </table>
                </div>
                <div> <br>
                </div>
                <div style="text-align: center;"> <font style="font-size: 8pt; font-weight: normal;">6</font></div>
                <div style="text-align: center;"><font style="font-size: 8pt; font-weight: normal;"> <br>
                  </font></div>
                <div style="clear: both; margin-top: 13pt; margin-bottom: 13pt;" class="BRPFPageBreakArea">
                  <div style="page-break-after: always;" class="BRPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  <div style="width: 100%;" class="BRPFPageHeader"></div>
                </div>
                <div>
                  <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="border-bottom: 1px solid rgb(0, 0, 0); margin: 0px; vertical-align: top; width: 20.46%; padding: 2px 0px 5px; border-top: 2px solid rgb(0, 0, 0);">
                          <div style="line-height: 13.1pt; font-size: 11pt; font-weight: bold;"><br>
                          </div>
                        </td>
                        <td style="border-bottom: 1px solid rgb(0, 0, 0); margin: 0px; vertical-align: top; width: 79.54%; padding: 2px 0px 5px; border-top: 2px solid rgb(0, 0, 0);">
                          <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">
                            <div style="text-align: left; line-height: 11.4pt;">Immunology:</div>
                          </div>
                          <div style="margin: 0px 0px 0px 14.5px; padding: 2px 0px 5px; text-align: justify; text-indent: -17px;"><font style="font-size: 11pt;">&#8226;</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 9pt" class="TRGRRTFtoHTMLTab"> </font><font style="font-size: 11pt;">Calypso (Biotherapeutics, lead asset CALY-002 a promising anti-IL-15 mAB, to be investigated in a range of autoimmune indications)</font></div>
                          <div style="padding: 2px 0px 5px;"><br>
                            <div style="text-align: justify; line-height: 11.4pt; font-size: 11pt;">Oncology:</div>
                          </div>
                          <div style="margin: 0px 0px 0px 14.5px; padding: 2px 0px 5px; text-align: justify; text-indent: -17px;"><font style="font-size: 11pt;">&#8226;</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 9pt" class="TRGRRTFtoHTMLTab"> </font><font style="font-size: 11pt;">Legend Biotech (Cell Therapy, targeting DLL3, a ligand highly expressed in several cancers)</font></div>
                          <div style="margin: 0px 0px 0px 12px; padding: 2px 0px 5px; text-align: justify; text-indent: -14px;"><font style="font-size: 11pt;"> <br>
                            </font></div>
                          <div style="padding: 2px 0px 5px;">
                            <div style="line-height: 11.4pt; font-size: 11pt;">Isomorphic Labs &#8211; Leveraging AI including next generation <font style="font-style: italic;">AlphaFold </font>model<font style="font-style: italic;">, </font>to discover novel
                              small molecule therapeutics against undisclosed targets</div>
                          </div>
                        </td>
                      </tr>

                  </table>
                </div>
                <div> <br>
                </div>
                <div>Capital structure and net debt</div>
                <div> <br>
                </div>
              </div>
              <div style="line-height: 21pt"></div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">Retaining a good balance between investment in the business, a strong capital structure and attractive shareholder returns remains a
                priority.</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">In 2023, Novartis repurchased a total of 87.5 million shares for USD 8.4 billion on the SIX Swiss Exchange second trading line. These
                repurchases included 52.8 million shares (USD 4.9 billion) under the USD 15 billion share buyback (announced in December 2021 and completed in June 2023) and 23.0 million shares (USD 2.3 billion) under the new up-to USD 15 billion share
                buyback announced in July 2023 (which is continuing as planned, with up-to USD 12.7 billion remaining). In addition, 11.7 million shares (USD 1.2 billion) were repurchased to mitigate dilution related to participation plans of associates.
                Furthermore, 1.6 million shares (for an equity value of USD 0.1 billion) were repurchased from associates. In the same period, 13.5 million shares (for an equity value of USD 1.1 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 75.6 million versus December 31, 2022. These treasury share transactions resulted in an equity decrease of USD
                7.4 billion and a net cash outflow of USD 8.6 billion.</div>
              <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
              </div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">As of December 31, 2023, net debt increased to USD 10.2 billion compared to USD 7.2 billion at December 31, 2022. The increase was
                mainly due to the USD 7.3 billion annual dividend payment, net cash outflow for treasury share transactions of USD 8.6 billion and net cash outflow for M&amp;A / intangible assets transactions of USD 3.3 billion. This increase in net debt
                was partially offset by USD 13.2 billion free cash flow and a USD 3.0 billion reduction in the net debt position of Novartis related to the Sandoz spin-off.</div>
              <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
              </div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;">As of Q4 2023, the long-term credit rating for the Company is A1 with Moody&#8217;s Investors Service and AA- with S&amp;P Global Ratings.</div>
              <div style="text-align: justify; line-height: 11.4pt; color: #000000; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="line-height: 18.25pt; font-family: Arial; font-size: 16pt; font-weight: bold;">2024 outlook</div>
              <div style="line-height: 18.25pt; font-family: Arial; font-size: 16pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 18.25pt"></div>
              <div style="line-height: 11.4pt"></div>
              <div style="line-height: 11.4pt; padding: 0px 0px 4px; font-family: Arial; font-size: 11pt;">Barring unforeseen events; growth vs prior year in cc</div>
              <div style="line-height: 11.4pt"></div>
              <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" id="zc41dc1d647cc467dbaeb10606cfb4587">

                  <tr>
                    <td style="border-bottom: 1px solid; border-top: 2px solid; vertical-align: top; width: 28.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-weight: bold;">Net sales</div>
                    </td>
                    <td style="border-bottom: 1px solid; border-top: 2px solid; vertical-align: top; width: 71.54%; padding: 2px 0px 5px;">
                      <div style="line-height: 11.4pt; font-size: 11pt;">Expected to <font style="font-weight: bold;">grow mid single digit</font></div>
                    </td>
                  </tr>
                  <tr>
                    <td style="border-bottom: 2px double; vertical-align: top; width: 28.46%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt; font-weight: bold;">Core operating income</div>
                    </td>
                    <td style="border-bottom: 2px double; vertical-align: top; width: 71.54%; padding: 2px 0px 5px;">
                      <div style="line-height: 13.1pt; font-size: 11pt;">Expected to <font style="font-weight: bold;">grow high single digit</font></div>
                      <div style="line-height: 13.1pt; font-size: 11pt;"><font style="font-weight: bold;"> <br>
                        </font></div>
                    </td>
                  </tr>

              </table>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt; font-weight: bold;">Key assumptions:</div>
              <div style="line-height: 13.1pt"></div>
              <div>
                <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z688f6f20339a4a2db950da5e35c7537f">

                    <tr>
                      <td style="width: 18pt; vertical-align: top; text-align: right;">
                        <div style="text-align: left; line-height: 13.1pt; font-size: 11pt;">&#8226;</div>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="text-align: justify; line-height: 13.1pt; font-size: 11pt;">Our guidance assumes that no <font style="font-style: italic;">Entresto</font> generics launch in the US in 2024</div>
                        <div style="text-align: justify; line-height: 13.1pt; font-size: 11pt;"> <br>
                        </div>
                      </td>
                    </tr>

                </table>
              </div>
              <div style="line-height: 13.1pt;"></div>
              <div style="text-align: justify; line-height: 13.1pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Foreign exchange impact</div>
              <div style="text-align: justify; line-height: 13.1pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 13.1pt"></div>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt;">If late-January exchange rates prevail for the remainder of 2024, the foreign exchange impact for the year would be negative 1 percentage point on net
                sales and negative 3 percentage points on core operating income. The estimated impact of exchange rates on our results is provided monthly on our website.</div>
              <div style="line-height: 13.1pt">
                <div><br>
                </div>
                <div><br>
                </div>
                <div style="text-align: center;"><font style="font-size: 8pt; font-family: Arial;">7</font><br>
                </div>
                <div style="text-align: center;"><font style="font-size: 8pt; font-family: Arial;"> <br>
                  </font></div>
                <div><br>
                </div>
                <div class="BRPFPageBreakArea" style="clear: both; margin-top: 13pt; margin-bottom: 13pt;">
                  <div class="BRPFPageBreak" style="page-break-after: always;">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  <div style="width: 100%;" class="BRPFPageHeader"></div>
                </div>
              </div>
              <div style="line-height: 13.1pt"></div>
              <div style="line-height: 18.25pt"></div>
              <div style="line-height: 18.25pt">
                <div style="line-height: 0pt;"><br style="line-height: 0pt;">
                </div>
                <div style="line-height: 18.25pt"></div>
                <div style="line-height: 18.25pt; font-family: Arial; font-size: 16pt; font-weight: bold;">Annual General Meeting</div>
                <div style="line-height: 18.25pt; font-family: Arial; font-size: 16pt; font-weight: bold;"> <br>
                </div>
                <div style="line-height: 18.25pt"></div>
              </div>
              <div style="line-height: 11.4pt"></div>
              <div style="text-align: justify; line-height: 13.1pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Dividend proposal</div>
              <div style="text-align: justify; line-height: 13.1pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 13.1pt"></div>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt;">The Novartis Board of Directors proposes a dividend payment of CHF 3.30 per share for 2023, up 3.1% from CHF 3.20 per share in the prior year,
                representing the 27th consecutive dividend increase since the creation of Novartis in December 1996. Shareholders will vote on this proposal at the Annual General Meeting on March 5, 2024.</div>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt;"> <br>
              </div>
              <div style="line-height: 13.1pt"></div>
              <div style="line-height: 13.1pt"></div>
              <div style="text-align: justify; line-height: 13.1pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;">Reduction of share Capital</div>
              <div style="text-align: justify; line-height: 13.1pt; color: #0460A9; font-family: Arial; font-size: 11pt; font-weight: bold;"> <br>
              </div>
              <div style="line-height: 13.1pt"></div>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt;">The Novartis Board of Directors proposes to cancel 87 547 255 shares (repurchased under the authorization of&#160; March 4, 2022) and to reduce the share
                capital accordingly by CHF 42.9 million, from CHF 1&#160;115&#160;964&#160;098.48 to CHF 1 073 065 943.53.</div>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt;"> <br>
              </div>
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              <div style="line-height: 13.1pt;"><font style="font-size: 11pt; font-family: Arial; font-weight: bold; color: #0460A9;">Elections of the Board Chair and the members of the Board of Directors</font></div>
              <div style="line-height: 13.1pt;"><font style="font-size: 11pt; font-family: Arial; font-weight: bold; color: #0460A9;"></font><br style="line-height: 13.1pt;">
              </div>
              <div style="line-height: 13.1pt"></div>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt;">The Board of Directors proposes the re-election of all current members of the Board of Directors (including the Board Chair).</div>
              <div style="line-height: 13.1pt">&#160;</div>
              <div style="line-height: 13.1pt"> <br>
              </div>
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              </div>
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              <div style="line-height: 13.1pt; text-align: center; font-family: Arial; font-size: 8pt;"> 8<br>
              </div>
              <div style="line-height: 13.1pt; text-align: center;"><font style="font-size: 8pt;"> <br>
                </font></div>
              <div style="line-height: 13.1pt; text-align: center;"><font style="font-size: 8pt;"> <br>
                </font></div>
            </div>
          </div>
          <div style="clear: both; margin-top: 13pt; margin-bottom: 13pt;" class="BRPFPageBreakArea">
            <div style="page-break-after: always;" class="BRPFPageBreak">
              <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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              <div></div>
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                <div style="line-height: 10.25pt"></div>
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          </div>
          <div><br>
            <div style="text-align: left;">
              <div style="text-align: justify; line-height: 21pt; font-family: Arial; font-size: 16pt; font-weight: bold;">Key figures<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
              <div style="line-height: 21pt;"><br style="line-height: 21pt;">
              </div>
              <div style="line-height: 21pt;">
                <table cellspacing="0" cellpadding="0" id="z0ebaf4c601334244851a982db162eb88" style="font-family: Arial; font-size: 13pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="vertical-align: bottom; width: 20%; padding: 5px 0px 0px; font-size: 9pt; font-weight: bold; text-indent: 3px;" rowspan="1">Continuing operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></td>
                      <td style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Q4 2023</div>
                      </td>
                      <td style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">Q4 2022</div>
                      </td>
                      <td colspan="2" style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px; text-indent: 5px;" rowspan="1">
                        <div style="line-height: 9.1pt; font-size: 9pt; text-align: center; text-indent: 10px;">% change</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;" rowspan="1">&#160;</td>
                      <td style="vertical-align: bottom; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;" rowspan="1">&#160;</td>
                      <td style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">FY 2023</div>
                      </td>
                      <td style="vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">FY 2022</div>
                      </td>
                      <td colspan="2" style="vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;" rowspan="1">
                        <div style="text-align: center; line-height: 9.1pt; font-size: 9pt;">% change</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">USD</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">cc</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">USD</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">cc</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Net sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">11 423</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">10 576</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">8</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">10</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Net sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">45 440</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">42 206</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">8</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">10</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Operating income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">2 582</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">1 755</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">47</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">68</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Operating income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">9 769</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">7 946</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">23</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">39</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="text-indent: 16pt; line-height: 9.1pt; font-size: 9pt; font-style: italic;">As a % of sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">22.6</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-style: italic;">16.6</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="text-indent: 16pt; line-height: 9.1pt; font-size: 9pt; font-style: italic;">As a % of sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">21.5</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-style: italic;">18.8</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Net income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">2 638</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">1 315</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">101</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">130</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Net income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">8 572</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">6 049</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">42</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">62</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">EPS (USD)</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">1.29</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">0.62</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">108</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">140</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">EPS (USD)</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">4.13</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">2.77</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">49</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">70</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Cash flows from<br>
                         &#160; operating activities</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">2 547</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">3 768</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">-32</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Cash flows from<br>
                         &#160; operating activities</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">14 220</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">13 039</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">9</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Non-IFRS measures</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Non-IFRS measures</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Free cash flow</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">2 141</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">3 462</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">-38</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Free cash flow</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">13 160</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">12 123</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">9</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core operating income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">3 821</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">3 645</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">5</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">13</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core operating income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">16 372</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">14 794</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">11</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">18</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="text-indent: 16pt; line-height: 9.1pt; font-size: 9pt; font-style: italic;">As a % of sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">33.5</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-style: italic;">34.5</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="text-indent: 16pt; line-height: 9.1pt; font-size: 9pt; font-style: italic;">As a % of sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">36.0</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-style: italic;">35.1</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core net income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">3 126</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">2 963</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">6</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">11</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core net income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">13 446</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">11 946</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">13</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">19</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core EPS (USD)</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">1.53</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">1.39</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">10</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">16</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core EPS (USD)</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">6.47</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">5.48</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">18</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">25</div>
                      </td>
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                    <tr>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
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                    <tr>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
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                    <tr>
                      <td style="vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;" rowspan="1">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Discontinued operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
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                      <td style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Q4 2023</div>
                      </td>
                      <td style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">Q4 2022</div>
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                      <td colspan="2" style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px; color: #000000; font-size: 9pt; font-style: normal; font-variant: normal; font-weight: normal; text-align: center; text-indent: 10px; text-transform: none;" rowspan="1">&#160;% change&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;" rowspan="1">&#160;</td>
                      <td style="vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;" rowspan="1">&#160;</td>
                      <td style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">FY 2023</div>
                      </td>
                      <td style="vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">FY 2022</div>
                      </td>
                      <td colspan="2" style="vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;" rowspan="1">
                        <div style="line-height: 9.1pt; font-size: 9pt; text-align: center; text-indent: 10px;">% change</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">USD</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">cc</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">USD</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">cc</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Net sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;"><br>
                        </div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">2 374</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Net sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">7 428</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">9 372</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Operating income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;"><br>
                        </div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">194</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Operating income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">265</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">1 251</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="text-indent: 16pt; line-height: 9.1pt; font-size: 9pt; font-style: italic;">As a % of sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;"><br>
                        </div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-style: italic;">8.2</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="text-indent: 16pt; line-height: 9.1pt; font-size: 9pt; font-style: italic;">As a % of sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">3.6</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-style: italic;">13.3</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Net income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">5 842</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">151</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Net income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">6 282</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">906</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Non-IFRS measures</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Non-IFRS measures</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core operating</div>
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;"><br>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">385</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core operating</div>
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">1 185</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">1 871</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="text-indent: 16pt; line-height: 9.1pt; font-size: 9pt; font-style: italic;">As a % of sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;"><br>
                        </div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-style: italic;">16.2</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="text-indent: 16pt; line-height: 9.1pt; font-size: 9pt; font-style: italic;">As a % of sales</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">16.0</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-style: italic;">20.0</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-style: italic;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
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                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
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                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                    </tr>
                    <tr>
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                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                    </tr>
                    <tr>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                    </tr>
                    <tr>
                      <td style="vertical-align: bottom; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;" rowspan="1">
                        <div style="line-height: 9.1pt; font-weight: bold;">Total Company</div>
                      </td>
                      <td style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px; font-size: 9pt;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; font-weight: bold;">Q4 2023</div>
                      </td>
                      <td style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px; font-size: 9pt;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-weight: bold;">Q4 2022</div>
                      </td>
                      <td colspan="2" style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px; font-size: 9pt;" rowspan="1">
                        <div style="line-height: 9.1pt; text-align: center; text-indent: 10px;">% change</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;" rowspan="1">&#160;</td>
                      <td style="vertical-align: bottom; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;" rowspan="1">&#160;</td>
                      <td style="vertical-align: bottom; width: 6%; padding: 5px 0px 0px; font-size: 9pt;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; font-weight: bold;">FY 2023</div>
                      </td>
                      <td style="vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;" rowspan="1">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-weight: bold;">FY 2022</div>
                      </td>
                      <td colspan="2" style="vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;" rowspan="1">
                        <div style="line-height: 9.1pt; text-align: center; text-indent: 10px;">% change</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">USD</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">cc</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">USD m</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">USD</div>
                      </td>
                      <td style="border-bottom: 2px double; vertical-align: bottom; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt;">cc</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Net income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">8 480</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">1 466</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Net income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">14 854</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">6 955</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">EPS (USD)</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">4.14</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">0.69</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">EPS (USD)</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">7.15</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">3.19</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Cash flows from<br>
                         &#160; operating activities</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">2 547</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">4 111</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Cash flows from<br>
                         &#160; operating activities</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">14 458</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">14 236</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Non-IFRS measures</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Non-IFRS measures</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Free cash flow</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">2 141</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">3 713</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Free cash flow</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">13 179</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">13 038</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core net income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">3 127</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">3 251</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core net income</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">14 336</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">13 352</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                    </tr>
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                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core EPS (USD)</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">1.53</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">1.52</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
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                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt; font-weight: bold;">Core EPS (USD)</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">6.90</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; color: rgb(128, 128, 128); font-size: 9pt; font-weight: bold;">6.12</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
                      <td style="border-bottom: 1px solid; vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px;">
                        <div style="text-align: right; line-height: 9.1pt; font-size: 9pt; font-weight: bold;">nm</div>
                      </td>
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                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                    </tr>
                    <tr>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; text-indent: 3px;">
                        <div style="line-height: 9.1pt; font-size: 9pt;">nm= not meaningful</div>
                      </td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 2%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 20%; padding: 5px 0px 0px; font-size: 9pt; text-indent: 3px;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                      <td style="vertical-align: bottom; white-space: nowrap; width: 6.01%; padding: 5px 0px 0px; font-size: 9pt;">&#160;</td>
                    </tr>

                </table>
              </div>
              <div style="line-height: 21pt">&#160;
                <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 13pt; color: #000000; width: 100%;" id="za41d7c4f91da4c5cb84384ca24938160">

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                        <div>
                          <div style="text-align: justify; line-height: 6.85pt; color: rgb(0, 0, 0); font-size: 8pt;"><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 49 of the Condensed Financial Report. Unless otherwise noted, all growth rates in this Release refer to same period in prior year.</div>
                          <div style="line-height: 6.85pt; padding: 1px 0px 0px; color: rgb(0, 0, 0); font-size: 8pt; text-align: justify;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> As defined on page 37 of the Condensed Financial Report, Continuing operations include the retained
                            business activities of Novartis, comprising the innovative medicines business and the continuing Corporate activities and Discontinued operations include operational results from the Sandoz business.</div>
                          <div style="line-height: 9.2pt; padding: 4px 0px 5px; font-size: 9pt; font-weight: bold;">Detailed financial results accompanying this press release are included in the Condensed Financial Report at the link below:</div>
                          <font style="font-size: 9pt;"> </font>
                          <div style="line-height: 9.2pt; color: rgb(0, 0, 255); font-size: 9pt;">
                            <div style="text-align: left; line-height: 9.2pt; color: rgb(0, 0, 255);"><u>https://ml-eu.globenewswire.com/resource/download/a507329c-1dd6-43c6-8a9b-9d0b86d9bf20/</u></div>
                          </div>
                        </div>
                      </td>
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              </div>
              <div style="line-height: 6.85pt;">&#160;</div>
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              </div>
              <div style="line-height: 6.85pt;">&#160;</div>
              <br>
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              <div style="line-height: 21pt;">&#160;</div>
              <div style="line-height: 21pt; text-align: center; font-size: 8pt; font-family: Arial;">9<br style="line-height: 21pt;">
              </div>
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              </div>
              <div style="line-height: 21pt; font-family: Arial; font-size: 16pt; font-weight: bold;">Disclaimer</div>
              <div style="line-height: 21pt;">&#160;</div>
              <div style="line-height: 13.1pt;">&#160;</div>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt;">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;may,&#8221; &#8220;continue,&#8221;&#160; &#8220;ongoing,&#8221; &#8220;grow,&#8221; &#8220;launch,&#8221; &#8220;expect,&#8221;&#160; &#8220;deliver,&#8221; &#8220;transformation,&#8221; &#8220;focus,&#8221; &#8220;address,&#8221; &#8220;accelerate,&#8221; &#8220;remain,&#8221; &#8220;scaling,&#8221; &#8220;guidance,&#8221; &#8220;outlook,&#8221; &#8220;long-term,&#8221; &#8220;driven,&#8221;
                &#8220;priority,&#8221; &#8220;potential,&#8221; &#8220;can,&#8221;&#160; &#8220;will,&#8221; &#8220;propose,&#8221; or similar expressions, or by express or implied discussions regarding potential new products, potential new indications for existing products, potential product launches, or regarding
                potential future revenues from any such products; or regarding results of ongoing clinical trials; or regarding ongoing or future share repurchases; or regarding potential future, pending or announced transactions; regarding potential
                future sales or earnings; or by discussions of strategy, plans, expectations or intentions, including discussions regarding our continued investment into new R&amp;D capabilities and manufacturing; or regarding our capital structure; or
                regarding the consequences of the spin-off of Sandoz and our transformation into a &#8220;pure-play&#8221; innovative medicines company. Such forward-looking statements are based on the current beliefs and expectations of management regarding future
                events and are subject to significant known and unknown risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those
                set forth in the forward-looking statements. You should not place undue reliance on these statements. In particular, our expectations could be affected by, among other things: uncertainties regarding the success of key products, commercial
                priorities and strategy; uncertainties in the research and development of new products, including clinical trial results and additional analysis of existing clinical data; uncertainties regarding the use of new and disruptive technologies,
                including artificial intelligence; global trends toward healthcare cost containment, including ongoing government, payer and general public pricing and reimbursement pressures and requirements for increased pricing transparency;
                uncertainties regarding our ability to realize the strategic benefits, operational efficiencies or opportunities expected from our external business opportunities; our ability to realize the intended benefits of our separation of Sandoz
                into a new publicly traded standalone company; 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; uncertainties in the development or adoption of potentially transformational digital technologies and business models; uncertainties surrounding the implementation of our new IT projects and systems; uncertainties regarding
                potential significant breaches of information security or disruptions of our information technology systems; uncertainties regarding actual or potential legal proceedings, including regulatory actions or delays or government regulation
                related to the products and pipeline products described in this press release; safety, quality, data integrity, or manufacturing issues; our performance on and ability to comply with environmental, social and governance measures and
                requirements; major political, macroeconomic and business developments, including impact of the war in certain parts of the world; uncertainties regarding future global exchange rates; uncertainties regarding future demand for our products;
                and other risks and factors referred to in Novartis AG&#8217;s current Form 20-F on file with the US Securities and Exchange Commission. Novartis is providing the information in this press release as of this date and does not undertake any
                obligation to update any forward-looking statements as a result of new information, future events or otherwise.</div>
              <div style="line-height: 13.1pt;">&#160;</div>
              <div style="line-height: 13.1pt;">&#160;</div>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt;">All product names appearing in italics are trademarks owned by or licensed to Novartis.</div>
              <div style="line-height: 13.1pt;">&#160;</div>
              <div style="line-height: 21pt;">&#160;</div>
              <div style="line-height: 21pt;"><br style="line-height: 21pt;">
              </div>
              <div style="line-height: 21pt;">&#160;</div>
              <div style="line-height: 21pt;">&#160;</div>
              <div style="line-height: 21pt"> <br>
              </div>
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              </div>
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              </div>
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              <div style="line-height: 21pt; text-align: center;"><font style="font-family: Arial; font-size: 8pt;">10</font><br style="line-height: 21pt;">
              </div>
              <div style="line-height: 21pt;">&#160;</div>
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              </div>
              <div style="line-height: 21pt;">&#160;</div>
              <div style="line-height: 21pt; font-family: Arial; font-size: 16pt; font-weight: bold;">About Novartis</div>
              <div style="line-height: 21pt;">&#160;</div>
              <div style="line-height: 11.4pt;">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Novartis is an innovative medicines company. Every day, we work to reimagine medicine to improve and extend people&#8217;s lives so that patients,
                healthcare professionals and societies are empowered in the face of serious disease. Our medicines reach more than 250 million people worldwide.</div>
              <div style="line-height: 11.4pt;">&#160;</div>
              <div style="line-height: 11.4pt;">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Reimagine medicine with us: Visit us at <font style="color: rgb(0, 0, 255);"><u>https://www.novartis.com</u></font> and connect with us on LinkedIn,
                Facebook, X/Twitter and Instagram.</div>
              <div style="line-height: 11.4pt;">&#160;</div>
              <div style="line-height: 11.4pt;">&#160;</div>
              <div style="text-align: justify; line-height: 11.4pt; font-family: Arial; font-size: 11pt;">Novartis will conduct a conference call with investors to discuss this news release today at 14:00 Central European time and 8:00 Eastern Time. A
                simultaneous webcast of the call for investors and other interested parties may be accessed by visiting the Novartis website. A replay will be available after the live webcast by visiting <font style="color: rgb(0, 0, 255);"><u>https://www.novartis.com/investors/event-calendar</u></font>.</div>
              <div style="line-height: 11.4pt;">&#160;</div>
              <div style="text-align: justify; line-height: 13.1pt; font-family: Arial; font-size: 11pt;">Detailed financial results accompanying this press release are included in the condensed financial report at the link below. Additional information is
                provided on our business and pipeline of selected compounds in late stage development. A copy of today's earnings call presentation can be found at <font style="color: rgb(0, 0, 255);"><u>https://www.novartis.com/investors/event-calendar</u></font>.</div>
              <div style="line-height: 13.1pt;">&#160;</div>
              <div style="line-height: 13.1pt;"></div>
              <div style="line-height: 21pt;">&#160;</div>
              <div style="line-height: 21pt; font-family: Arial; font-size: 16pt; font-weight: bold;">Important dates</div>
              <div style="line-height: 13.1pt;"></div>
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                </font></div>
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                    <tr>
                      <td style="width: 20%; padding: 2px 0px 5px;"><font style="font-size: 11pt;">March 5, 2024</font></td>
                      <td style="width: 80%; padding: 2px 0px 5px;"><font style="font-size: 11pt;">Annual General Meeting</font></td>
                    </tr>
                    <tr>
                      <td style="width: 20%; padding: 2px 0px 5px;"><font style="font-size: 11pt;">April 23, 2024</font></td>
                      <td style="width: 80%; padding: 2px 0px 5px;"><font style="font-size: 11pt;">First quarter 2024 results</font></td>
                    </tr>
                    <tr>
                      <td style="width: 20%; padding: 2px 0px 5px;"><font style="font-size: 11pt;">May 15-16, 2024</font></td>
                      <td style="width: 80%; padding: 2px 0px 5px;"><font style="font-size: 11pt;">Meet Novartis Management 2024 (Cambridge, MA, USA)</font></td>
                    </tr>
                    <tr>
                      <td style="width: 20%; padding: 2px 0px 5px;"><font style="font-size: 11pt;">July 18, 2024</font></td>
                      <td style="width: 80%; padding: 2px 0px 5px;">
                        <div style="line-height: 13.1pt;"><font style="font-size: 11pt;">Second quarter &amp; Half year 2024 results</font></div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 20%; padding: 2px 0px 5px;"><font style="font-size: 11pt;">October 29, 2024</font></td>
                      <td style="width: 80%; padding: 2px 0px 5px;"><font style="font-size: 11pt;">Third quarter &amp; Nine months 2024 results</font></td>
                    </tr>

                </table>
              </div>
              <div style="line-height: 13.1pt;">&#160;</div>
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              <div style="line-height: 13.1pt; text-align: center;">&#160;<font style="font-family: Arial; font-size: 8pt;">11</font></div>
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<DESCRIPTION>99.2 INTERIM FINANCIAL REPORT
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<a name="anchorId00313477"></a><p style="font-family:arial,helvetica,sans-serif; font-size:24pt; color:#000000; font-weight:bold;">Novartis Fourth Quarter and Full Year 2023   Condensed Financial Report &ndash; Supplementary Data</p>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;">INDEX
      <div style="float:right">Page</div></font></div>
<div style="padding-top:5px; border-top: 1px solid black; margin: 2px 0; "><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold; text-transform:uppercase;">COMPANY OPERATING PERFORMANCE REVIEW </font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Continuing operations
      <div style="float:right">4</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Discontinued operations
      <div style="float:right">11</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Total Company
      <div style="float:right">11</div></font></div>
<div style="padding-top:5px; border-top: 1px solid black; margin: 2px 0; "><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold; text-transform:uppercase;">COMPANY CASH FLOW AND BALANCE SHEET
      <div style="float:right">12</div></font></div>
<div style="padding-top:5px; border-top: 1px solid black; margin: 2px 0; "><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold; text-transform:uppercase;">INNOVATION REVIEW
      <div style="float:right">16</div></font></div>
<div style="padding-top:5px; border-top: 1px solid black; margin: 2px 0; "><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold; text-transform:uppercase;">CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Consolidated income statements
      <div style="float:right">18</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Consolidated statements of comprehensive income
      <div style="float:right">20</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Consolidated balance sheets
      <div style="float:right">21</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Consolidated statements of changes in equity
      <div style="float:right">22</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Consolidated statements of cash flows
      <div style="float:right">24</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Notes to condensed consolidated financial statements, including update on legal proceedings
      <div style="float:right">26</div></font></div>
<div style="padding-top:5px; border-top: 1px solid black; margin: 2px 0; "><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold; text-transform:uppercase;">SUPPLEMENTARY INFORMATION
      <div style="float:right">49</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-style:italic; text-transform:uppercase;">CORE RESULTS - Reconciliation from IFRS<sup>&#xae;</sup> Accounting Standards results to non-IFRS measure core results
      <div style="float:right">51</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Total Company
      <div style="float:right">52</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Discontinued operations
      <div style="float:right">54</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-style:italic; text-transform:uppercase;">FREE CASH FLOW
      <div style="float:right">56</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-style:italic; text-transform:uppercase;">ADDITIONAL INFORMATION  </font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Net debt
      <div style="float:right">59</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Share information
      <div style="float:right">59</div></font></div>
<div style="padding-top:5px;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; margin-left:20px;">Effects of currency fluctuations
      <div style="float:right">60</div></font></div>
<div style="padding-top:5px; border-top: 1px solid black; margin: 2px 0; "><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold; text-transform:uppercase;">DISCLAIMER
      <div style="float:right">61</div></font></div>
<div style="padding-top:5px; border-top: 1px solid black; margin: 2px 0; "><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold; text-transform:uppercase;">  </font></div>
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<a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Company</font></div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Key figures</font></div><a name=""></a><div style="&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;padding-bottom:15px; padding-top:30px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Fourth quarter and full year</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions unless indicated otherwise)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023<br> USD m
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022<br> USD m
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change<br> USD
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change<br> cc<sup style="white-space: nowrap">  1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023<br> USD m
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022<br> USD m
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change<br> USD
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change<br> cc<sup style="white-space: nowrap">  1</sup></div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net sales from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 11&nbsp;423</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 10&nbsp;576</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 10</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 45&nbsp;440</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 42&nbsp;206</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 10</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other revenues</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 353</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 390</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;220</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;255</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3&nbsp;022</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3&nbsp;041</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12&nbsp;472</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -11&nbsp;582</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Gross profit <br>from continuing operations
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 8&nbsp;754
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> <br> 7&nbsp;925
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 10
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 14
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 34&nbsp;188
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> <br> 31&nbsp;879
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 7
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 11
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Selling, general and administration</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3&nbsp;444</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3&nbsp;183</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12&nbsp;517</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -12&nbsp;193</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Research and development</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;567</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;216</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11&nbsp;371</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -9&nbsp;172</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -24</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -22</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 450</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 155</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 190</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 172</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;772</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 696</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 155</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 147</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -611</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -926</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 34</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 36</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;303</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3&nbsp;264</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 31</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income <br>from continuing operations
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 2&nbsp;582
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> <br> 1&nbsp;755
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 47
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 68
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 9&nbsp;769
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> <br> 7&nbsp;946
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 23
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 39
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">% of net sales</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 22.6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 16.6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 21.5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 18.8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Loss from associated companies</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -100</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -66</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -217</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -207</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -855</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -800</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 24</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 222</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 42</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Income before taxes <br>from continuing operations
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 2&nbsp;377
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> <br> 1&nbsp;569
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 51
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 74
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 9&nbsp;123
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> <br> 7&nbsp;177
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 27
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 45
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 261</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -254</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 203</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 219</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -551</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;128</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 51</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 44</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income  from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   2&nbsp;638</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   1&nbsp;315</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   101</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   130</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   8&nbsp;572</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   6&nbsp;049</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   42</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   62</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income  from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   5&nbsp;842</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   151</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   6&nbsp;282</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   906</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;480</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;466</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;854</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;955</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Basic earnings per share  from continuing operations (USD)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   1.29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   0.62</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   108</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   140</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   4.13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   2.77</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   49</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   70</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Basic earnings per share  from discontinued operations (USD)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   2.85</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   0.07</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   3.02</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   0.42</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total basic earnings  per share (USD)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   4.14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   0.69</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   7.15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   3.19</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from  operating activities  from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     2&nbsp;547</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">     3&nbsp;768</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     -32</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     14&nbsp;220</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">     13&nbsp;039</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Non-IFRS measures<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Free cash-flow from continuing operations<sup style="white-space: nowrap"> &nbsp;2</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   2&nbsp;141</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   3&nbsp;462</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -38</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   13&nbsp;160</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   12&nbsp;123</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Core operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   3&nbsp;821</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   3&nbsp;645</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   16&nbsp;372</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   14&nbsp;794</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   18</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">% of net sales</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 33.5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 34.5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 36.0</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 35.1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Core net income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   3&nbsp;126</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   2&nbsp;963</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   13&nbsp;446</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   11&nbsp;946</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   19</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Core basic earnings per share (USD) from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   1.53</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   1.39</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   6.47</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   5.48</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   25</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</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 49. Unless otherwise noted,
               all growth rates in this release refer to same period in prior year.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Effective January 1, 2023, Novartis revised its de&#xfb01;nition of free cash &#xfb02;ow, to de&#xfb01;ne
               free cash &#xfb02;ow as net cash &#xfb02;ows from operating activities less purchases of property,
               plant and equipment. To aid in comparability, the prior year free cash flow amounts
               have been revised to conform with the new free cash flow definition. See page 49 of
               the Condensed Financial Report.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">3</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Strategy update</font></div><a name=""></a><div style="padding-bottom:15px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Our focus</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">During 2023, Novartis completed our transformation into a &#x201c;pure-play&#x201d; Innovative Medicines
   business. We have a clear focus on four core therapeutic areas (cardiovascular-renal-metabolic,
   immunology, neuroscience and oncology), with multiple significant in-market and pipeline
   assets in each of these areas, that address high disease burden and have substantial
   growth potential. In addition to two established technology platforms (chemistry and
   biotherapeutics), three emerging platforms (gene &amp; cell therapy, radioligand therapy
   and xRNA) are being prioritized for continued investment into new R&amp;D capabilities
   and manufacturing scale. Geographically, we are focused on growing in our priority
   geographies - the US, China, Germany and Japan.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; "></div><a name=""></a><div style="&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;padding-bottom:15px; padding-top:15px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Our priorities</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; "><b>Accelerate growth:</b> Renewed attention to deliver high-value medicines (NMEs) and focus on launch excellence,
   with a rich pipeline across our core therapeutic areas.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; "><b>Deliver returns:</b> Continuing to embed operational excellence and deliver improved financials. Novartis
   remains disciplined and shareholder-focused in our approach to capital allocation,
   with substantial cash generation and a strong capital structure supporting continued
   flexibility.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; "><b>Strengthening foundations:</b> Unleashing the power of our people, scaling data science and technology and continuing
   to build trust with society.
</div><a name=""></a><div style="padding-top:10px;  padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Financials </font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Following the September 15, 2023, shareholders&#x2019; approval of the spin-off of the Sandoz
   business the Company reported its consolidated financial statements for the current
   and prior years as &#x201c;continuing operations&#x201d; and &#x201c;discontinued operations.&#x201d;
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Continuing operations include the retained business activities of Novartis, comprising
   the Innovative Medicines Division and the continuing corporate activities. Discontinued
   operations include the Sandoz Division and selected portions of corporate activities
   attributable to Sandoz&#x2019;s business, as well as certain expenses related to the spin-off.

</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Following the spin-off of the Sandoz business, Novartis operates as a single global
   operating segment focused innovative medicines company.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The commentary below focuses on continuing operations. We also provide information
   on discontinued operations, which mainly includes Sandoz and allocated corporate activities.
</div><a name=""></a><div style="&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;padding-bottom:15px; padding-top:15px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Continuing operations</font></div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Fourth quarter </font></div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net sales</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Net sales were USD 11.4 billion (+8%, +10% cc) with volume contributing 13 percentage
   points to growth. Generic competition had a negative impact of 3 percentage points
   and pricing had no impact. Sales in the US were USD 4.8 billion (+13%) and in the
   rest of the world USD 6.6 billion (+5%, +8% cc).
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Sales growth was mainly driven by continued strong performance from <i>Entresto </i>(USD 1.6 billion, +27%, +26% cc), <i>Kisqali </i>(USD 610 million, +71%, +76% cc), <i>Kesimpta</i> (USD 641 million, +74%, +73% cc), <i>Cosentyx</i> (USD 1.3 billion, +21%, +21% cc) and <i>Pluvicto </i>(USD 273 million, +53%, +53% cc), partly offset by generic competition mainly for
   <i>Gilenya</i> and <i>Xiidra</i> divestment.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">In the US (USD 4.8 billion, +13%), sales growth was mainly driven by <i>Entresto, Kisqali, Kesimpta, Cosentyx</i> and <i>Pluvicto</i>, partly offset by <i>Xiidra</i> divestment and the impact of generic competition on <i>Gilenya</i>. In Europe (USD 3.7 billion, +3%, +2% cc), sales growth was mainly driven by <i>Kesimpta, Entresto</i> and <i>Kisqali</i>, partly offset by increased generic competition for <i>Lucentis</i> and <i>Gilenya</i>. Sales in emerging growth markets were USD 2.8 billion (+7%, +18% cc) including 0.8
   billion sales from China (+37%, +38% cc).
</div>
<div style="padding-bottom:10px;"></div>
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   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">4</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"></font></div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Operating income</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Operating income was USD 2.6 billion (+47%, +68% cc), mainly driven by higher net
   sales and lower restructuring charges, partly offset by higher SG&amp;A and R&amp;D investments.
   Operating income margin was 22.6% of net sales, increasing 6.0 percentage points (+8.7
   percentage points in cc).
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Core adjustments were USD 1.2 billion, mainly due to amortization and impairments,
   compared to USD 1.9 billion in prior year. Core adjustments decreased compared to
   prior year, mainly due to lower restructuring charges.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Core operating income was USD 3.8 billion (+5%, +13% cc), mainly driven by higher
   net sales, partly offset by higher SG&amp;A and R&amp;D investments. Core operating income
   growth in USD was impacted by negative 2 percentage points from the effect of mid-December
   currency devaluation in Argentina<sup>1</sup>. Core operating income margin was 33.5% of net sales, decreasing 1.0 percentage point
   (+1.0 percentage point cc). Other revenue as a percentage of sales increased by 0.1
   percentage points (cc). Core cost of goods sold as a percentage of sales decreased
   by 0.2 percentage points (cc). Core R&amp;D expenses as a percentage of net sales decreased
   by 1.1 percentage points (cc). Core SG&amp;A expenses as a percentage of net sales decreased
   by 0.1 percentage point (cc). Core other income and expense as a percentage of net
   sales decreased the margin by 0.5 percentage points (cc).
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Interest expense and other financial income/expense</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Interest expense amounted to USD 217 million and other &#xfb01;nancial income and expense
   to an income of USD 18 million, both broadly in line with prior year.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Core other &#xfb01;nancial income and expense amounted to an income of USD 137 million compared
   to USD 50 million in the prior year, mainly due to lower currency losses.
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Income taxes</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The tax rate for continuing operations in the fourth quarter was -11.0% compared to
   16.2% in the prior year. The current year tax rate was favorably impacted by the effect
   of tax benefits from the write-down in investments in subsidiaries, non-taxable net
   gains on unrealized foreign currency results, recognition of deferred tax assets on
   prior years tax loss carryforwards, other items including impact of tax rate changes,
   and the effect of adjusting to the full year actual tax rate, which was lower than
   previously estimated. Excluding these impacts the current year tax rate would have
   been 14.5%. The decrease from the prior year was mainly the result of a change in
   pro&#xfb01;t mix.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The core tax rate for continuing operations (core taxes as a percentage of core income
   before tax) was 16.3% compared to 15.0% in the prior year. The current and prior year
   core tax rates were both impacted by the effect of adjusting to the full year actual
   core tax rate. Excluding these impacts, the current and prior year tax rate would
   have been 15.7% and 15.6% respectively.
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net income, EPS and free cash flow </font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Net income was USD 2.6 billion (+101%, +130% cc), mainly driven by higher operating
   income and non-recurring favorable tax impacts. EPS was USD 1.29 (+108%, +140% cc),
   growing faster than net income, benefiting from lower weighted average number of shares
   outstanding.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Core net income was USD 3.1 billion (+6%, +11% cc), mainly due to higher core operating
   income. Core EPS was USD 1.53 (+10%, +16% cc), growing faster than core net income
   benefiting from lower weighted average number of shares outstanding.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Free cash flow from continuing operations amounted to USD 2.1 billion (-38% USD),
   compared with USD 3.5 billion in the prior year quarter driven by lower net cash flows
   from operating activities.
</div>
<div style="padding-top:15px; padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:8pt;color:#000000;margin-bottom:0mm;margin-left:9px;margin-right:0mm;margin-top:0mm;text-indent:-9px;"><sup>1</sup> IFRS Accounting Standards requires for our Argentina subsidiary, as it operates in
   a hyperinflation economy, to translate for consolidation purposes their full year
   income statement to our USD presentation currency using the ARS closing rate, and
   not using the average exchange rate for the period. This results in the 9-months and
   the Q4 devaluation impact being recognized in Q4.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">5</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:15px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Full year</font></div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net sales</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Net sales were USD 45.4 billion (+8%, +10% cc) with volume contributing 16 percentage
   points to growth. Generic competition had a negative impact of 4 percentage points
   and pricing had a negative impact of 2 percentage points. Sales in the US were USD
   18.0 billion (+13%) and in the rest of the world USD 27.5 billion (+5%, +8% cc).
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Sales growth was mainly driven by continued strong performance from <i>Entresto </i>(USD 6.0 billion, +30%, +31% cc), <i>Kesimpta</i> (USD 2.2 billion, +99%, +99% cc), <i>Kisqali</i> (USD 2.1 billion, +69%, +75% cc), <i>Pluvicto</i> (USD 980 million, +262%, +261% cc) and <i>Scemblix</i> (USD 413 million, +177%, +179% cc), partly offset by generic competition mainly for
   <i>Gilenya</i>.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">In the US (USD 18.0 billion, +13%), sales growth was mainly driven by <i>Entresto, Pluvicto, Kesimpta, Kisqali, Scemblix</i> and <i>Leqvio,</i> partly offset by the impact of generic competition on <i>Gilenya</i>. In Europe (USD 15.0 billion, +4%, +4% cc), sales growth was driven by <i>Kesimpta, Entresto, Kisqali, Cosentyx</i> and <i>Leqvio</i>, partly offset by increased generic competition for <i>Lucentis</i> and <i>Gilenya</i>. Sales in emerging growth markets were USD 11.7 billion (+8%, +17% cc), including
   USD 3.3 billion sales from China (+11%, +17% cc).
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Operating income</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Operating income was USD 9.8 billion (+23%, +39% cc), mainly driven by higher net
   sales, lower restructuring charges, and income from legal matters, partly offset by
   higher impairments and higher SG&amp;A and R&amp;D investments. Operating income margin was
   21.5% of net sales, increasing 2.7 percentage points (+5.0 percentage points in cc).

</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Core adjustments were USD 6.6 billion, mainly due to amortization and impairments,
   compared to USD 6.8 billion in prior year. Core adjustments decreased compared to
   prior year, mainly due to lower restructuring charges, other income from legal matters,
   partly offset by higher impairments.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Core operating income was USD 16.4 billion (+11%, +18% cc), mainly driven by higher
   net sales, partly offset by higher SG&amp;A and R&amp;D investments. Core operating income
   margin was 36.0% of net sales, increasing 0.9 percentage points (+2.4 percentage points
   cc). Other revenue as a percentage of sales decreased by 0.2 percentage points (cc).
   Core cost of goods sold as a percentage of sales increased by 0.1 percentage points
   (cc). Core R&amp;D expenses as a percentage of net sales decreased by 1.3 percentage points
   (cc). Core SG&amp;A expenses as a percentage of net sales decreased by 1.6 percentage
   points (cc). Core other income and expense as a percentage of net sales decreased
   the margin by 0.2 percentage points (cc).
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Interest expense and other financial income/expense</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Interest expense amounted to USD 855 million, broadly in line with prior year. </div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Other &#xfb01;nancial income and expense amounted to an income of USD 222 million compared
   to USD 42 million in the prior year, mainly due to higher interest income partly offset
   by higher net losses from the impact of IAS 29 &#x201c;Financial reporting in Hyperinflation
   Economies.&#x201d;
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Core other &#xfb01;nancial income and expense amounted to an income of USD 430 million compared
   to USD 140 million in the prior year, mainly due to higher interest income.
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Income taxes</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The tax rate was 6.0% compared to 15.7% in the prior year period. The current year
   tax rate was favorably impacted by the effect of tax benefits from the write-down
   of investments in subsidiaries, non-taxable net gains on unrealized foreign currency
   results, recognition of deferred tax assets on prior years tax loss carryforwards,
   non-taxable income related to legal matters, and other items including impact of tax
   rate changes.  Excluding these impacts, the current year tax rate would have been
   15.3% compared with 15.7% in the prior year period. The decrease from the prior year
   was mainly the result of a change in pro&#xfb01;t mix.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The core tax rate (core taxes as a percentage of core income before tax) was 15.6%
   compared to 15.4% in the prior year period. The increase from the prior year was mainly
   the result of a change in profit mix.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">6</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net income, EPS and free cash flow</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Net income was USD 8.6 billion (+42%, +62% cc), mainly driven by higher operating
   income and non-recurring favorable tax impacts. EPS was USD 4.13 (+49%, +70% cc),
   growing faster than net income, benefiting from lower weighted average number of shares
   outstanding.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Core net income was USD 13.4 billion (+13%, +19% cc), mainly due to higher core operating
   income. Core EPS was USD 6.47 (+18%, +25% cc), growing faster than core net income,
   benefiting from lower weighted average number of shares outstanding.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Free cash flow from continuing operations amounted to USD 13.2 billion (+9% USD),
   compared with USD 12.1 billion in 2022 driven by higher net cash flows from operating
   activities.
</div><a name=""></a><div style="padding-top:20px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold; text-transform:uppercase;">Product commentary (relating to Q4 performance)</font></div><a name=""></a><div style="padding-top:20px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold; text-transform:uppercase;">Cardiovascular, RENAL and METABOLIC</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
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            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
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      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Cardiovascular, renal and metabolic</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Entresto</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;635</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;291</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 27</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6&nbsp;035</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 4&nbsp;644</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 30</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 31</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Leqvio</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 123</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 42</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 193</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 190</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 355</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 112</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 217</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 217</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total cardiovascular,  renal and metabolic</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   1&nbsp;759</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   1&nbsp;333</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   32</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   32</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   6&nbsp;391</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   4&nbsp;756</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   34</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   36</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</div>
         </td>
      </tr>
   </table>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Entresto </i></b>(USD 1 635 million, +27%, +26% cc) sustained robust demand-led growth. In the US and
   Europe, <i>Entresto</i> penetration grew through the continued adoption of guideline-directed medical therapy
   in heart failure. In China and Japan, <i>Entresto </i>volume growth is fueled by heart failure as well as increased penetration in hypertension.
   In the US, Novartis is in ANDA litigation with generic manufacturers. Novartis has
   appealed to reverse the negative US district court decision to uphold the validity
   of its combination patent covering <i>Entresto</i> and combinations of sacubitril and valsartan, which expires in 2025 (with pediatric
   exclusivity). No generics have tentative or final approval in the US. Any US commercial
   launch of a generic <i>Entresto</i> product prior to the final outcome of Novartis combination patent appeal, or ongoing
   litigations involving other patents, may be at risk of later litigation developments.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Leqvio </i></b>(USD 123 million, +193%, +190% cc) launch in the US and other markets is ongoing,
   with focus on patient on-boarding, removing access hurdles and enhancing medical education.
   <i>Leqvio</i> is now approved in 94 countries. Novartis obtained global rights to develop, manufacture
   and commercialize <i>Leqvio</i> under a license and collaboration agreement with Alnylam Pharmaceuticals.
</div><a name=""></a><div style="padding-top:20px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold; text-transform:uppercase;">Immunology</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> cc</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> cc</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Immunology</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Cosentyx</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;303</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;080</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 21</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 21</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4&nbsp;980</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 4&nbsp;788</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Xolair<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 378</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 323</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;463</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;365</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Ilaris</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 376</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 301</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;355</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;133</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total immunology</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;057</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;704</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 21</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 21</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 7&nbsp;798</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 7&nbsp;287</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Net sales reflect <I>Xolair</I> sales for all indications.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</div>
         </td>
      </tr>
   </table>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Cosentyx</i></b> (USD 1 303 million, +21%, +21% cc) US sales grew (+17%) and ex-US sales (+26% cc),
   benefitting from lower prior year base (including revenue deduction adjustments in
   the US). US growth was also driven by recent new indication (HS) and formulation (IV)
   launches in addition to volume growth of base business (PsO, SpA). Ex-US growth was
   also driven by robust demand led volume growth, including a lower prior year base
   in China, as well as the hidradenitis suppurativa (HS) indication launch. Since initial
   approval in 2015, <i>Cosentyx</i> has shown sustained efficacy and a robust safety profile, treating more than 1 million
   patients across six systemic inflammatory conditions. <i>Cosentyx</i> is now approved to treat HS in adults in more than 60 countries worldwide, including
   the EU as of Q2
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">7</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">2023 and the US as of October 2023. FDA approved <i>Cosentyx</i> intravenous formulation for the treatment of adults with psoriatic arthritis, ankylosing
   spondylitis, and non-radiographic axial spondyloarthritis in October 2023.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Xolair </i></b>(USD 378 million, ex-US +17%, +16% cc) sales grew across all regions. In November
   2023, Novartis received EU approval for the six new <i>Xolair</i> product configurations, including auto injectors and a new 300 mg strength. Novartis
   co-promotes <i>Xolair </i>with Genentech in the US and shares a portion of revenue as operating income but does
   not record any US sales.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Ilaris</i></b> (USD 376 million, +25%, +29% cc) sales grew across all regions. Contributors to growth
   include strong performance in the Periodic Fever Sydrome (PFS) and Still&#x2019;s disease
   indications (SJIA/AOSD) in the US, Europe and Japan, as well as in key markets worldwide.
</div><a name=""></a><div style="padding-top:20px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold; text-transform:uppercase;">Neuroscience </font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> cc</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> cc</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Neuroscience</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kesimpta</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 641</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 369</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 74</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 73</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;171</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;092</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 99</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 99</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Zolgensma</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 286</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 309</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;214</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;370</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -9</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Mayzent</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 106</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 99</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 392</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 357</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Aimovig</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 69</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 59</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 266</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 218</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 21</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total neuroscience</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;102</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 836</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 32</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 33</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 4&nbsp;043</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;038</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 33</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 34</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</div>
         </td>
      </tr>
   </table>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Kesimpta </i></b>(USD 641 million, +74%, +73% cc) sales grew across all regions driven by increased
   demand and strong access. <i>Kesimpta</i> is a high efficacy B-cell therapy, with a favorable safety and tolerability profile
   and an at home self-administration for a broad population of RMS patients. <i>Kesimpta</i> is now approved in 87 countries with more than 85,000 patients treated.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Zolgensma </i></b>(USD 286 million, -7%, -4% cc). Established markets are treating mainly incident patients.
   Sales declined due to fewer incident patient treatments. <i>Zolgensma</i> is now approved in 51 countries with more than 3,700 patients treated globally through
   clinical trials, early access programs and in the commercial setting.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Mayzent </i></b>(USD 106 million, +7%, +7% cc) sales grew mainly in Europe. Sales continued to grow
   in patients with multiple sclerosis showing signs of progression despite being on
   other treatments.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Aimovig </i></b>(USD 69 million, ex-US, ex-Japan +17%, +14% cc) sales grew mainly in Europe driven
   by increased demand in migraine prevention. Novartis commercializes <i>Aimovig</i> ex-US, ex-Japan, while Amgen retains all rights in the US and in Japan.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">8</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-top:20px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold; text-transform:uppercase;">ONCOLOGY</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> cc</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> cc</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Oncology</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Promacta/Revolade</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 563</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 540</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;269</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;088</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kisqali</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 610</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 357</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 71</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 76</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;080</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;231</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 69</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 75</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Tafinlar</I> + <I>Mekinist</I><sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 486</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 465</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;922</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;770</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Tasigna</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 446</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 475</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;848</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;923</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Jakavi</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 444</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 388</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;720</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;561</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 12</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Pluvicto</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 273</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 179</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 53</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 53</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 980</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 271</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 262</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 261</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Lutathera</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 147</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 128</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 605</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 471</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 28</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 28</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kymriah</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 120</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 139</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 508</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 536</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Piqray/Vijoice</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 131</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 112</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 505</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 373</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 35</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 37</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Scemblix</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 125</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 52</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 140</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 143</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 413</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 149</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 177</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 179</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Votrient</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 77</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 103</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -26</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 390</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 474</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -17</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Adakveo</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 45</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 51</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 195</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 194</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Tabrecta</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 41</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 36</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 154</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 133</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -50</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total oncology</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;508</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;025</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13&nbsp;590</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 11&nbsp;176</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 23</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Majority of sales for <I>Mekinist</I> and <I>Tafinlar</I> are combination, but both
               can be used as monotherapy.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</div>
         </td>
      </tr>
   </table>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Promacta/Revolade</i></b> (USD 563 million, +4%, +4% cc) sales grew mainly in the US driven by increased use
   in second-line persistent and chronic immune thrombocytopenia and as first-line and/or
   second-line treatment for severe aplastic anemia, according to the respective label
   in the countries.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Kisqali </i></b>(USD 610 million, +71%, +76% cc) sales grew strongly across all regions, based on
   increasing recognition of its consistently reported overall survival in HR+/HER2-
   advanced breast cancer. Positive, statistically significant interim and final efficacy
   results of the iDFS analysis of the early breast cancer pivotal Phase III trial NATALEE
   were presented at ASCO and SABCS 2023. Additional QOL information presented at ESMO
   demonstrated that the addition of ribociclib to endocrine therapy did not compromise
   the QOL of patients. Submissions for approval in early breast cancer were completed
   in August to EMA and in December to the FDA. Submissions to other regulatory authorities
   are ongoing. Novartis is in US ANDA litigation with a generic manufacturer.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Tafinlar + Mekinist</i></b> (USD 486 million, +5%, +7% cc) sales grew mainly in the US and emerging growth markets,
   partly offset by decline in Europe. Sales growth was driven by demand in BRAF+ adjuvant
   melanoma and NSCLC indications, while maintaining demand in the highly competitive
   BRAF+ metastatic melanoma market. In addition, the tumor agnostic indication contributed
   to growth in the US. Sales in Europe declined mainly due to immune-oncology competition
   in 1L metastatic setting.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Tasigna</i></b> (USD 446 million, -6%, -6% cc) sales declined driven by lower demand in Europe.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Jakavi </i></b>(USD 444 million, ex-US +14%, +14% cc) sales grew in emerging growth markets, Europe
   and Japan, driven by strong demand in both myelofibrosis and polycythemia vera indications.
   Incyte retains all rights to ruxolitinib (Jakafi&#xae;) in the US.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Pluvicto </i></b>(USD 273 million, +53%, +53% cc) saw continued sales growth in the US. <i>Pluvicto </i>is the first and only radioligand therapy approved by the FDA for the treatment of
   adult patients with progressive, PSMA-positive metastatic castration-resistant prostate
   cancer, who have already been treated with other anticancer treatments (ARPI and taxane-based
   chemotherapy). Data from the Phase III PSMAfore trial was presented at ESMO. <i>Pluvicto</i> met its primary endpoint with a clinically meaningful and statistically significant
   benefit in radiographic progression-free survival (rPFS) in patients with prostate-specific
   membrane antigen (PSMA)-positive metastatic castration-resistant prostate cancer (mCRPC)
   after treatment with androgen receptor pathway inhibitor (ARPI) therapy, compared
   to a change in ARPI. In January 2024, Novartis received approval from the FDA for
   commercial manufacturing of <i>Pluvicto</i> at state-of-the-art radioligand therapy (RLT) manufacturing facility in Indianapolis.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Lutathera </i></b>(USD 147 million, +15%, +13% cc) sales grew across all regions due to increased demand.
   The Phase III NETTER-2 trial with <i>Lutathera</i> met its primary endpoint, showing <i>Lutathera</i> is the first radioligand therapy (RLT) to demonstrate clinically meaningful benefit
   in a first line setting.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Kymriah </i></b>(USD 120 million, -14%, -14% cc) sales declined mainly in the US and Europe, partly
   offset by growth in follicular lymphoma indication launch across markets.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">9</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Piqray/Vijoice </i></b>(USD 131 million, +17%, +18% cc) sales grew mainly in the US. In addition to PIK3CA-related
   overgrowth spectrum (PROS), <i>Piqray </i>is the first therapy specifically developed for the approximately 40% of HR+/HER2-
   advanced breast cancer patients who have a PIK3CA mutation, associated with a worse
   prognosis.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Scemblix </i></b>(USD 125 million, +140%, +143% cc) sales grew across all regions, demonstrating the
   high unmet need for effective and tolerable treatment options for CML patients, who
   have been treated with 2 or more tyrosine kinase inhibitors. <i>Scemblix</i> has now been approved in more than 60 countries for Philadelphia chromosome positive
   (Ph+) CML patients in chronic phase treated with 2 or more TKIs. In January 2024,
   Novartis announced that the ASC4FIRST trial met both primary endpoints, with clinically
   meaningful and statistically significant results vs. standard-of-care TKIs in newly
   diagnosed Ph+CML-CP patients while demonstrating a favorable safety and tolerability
   profile. Data will be presented at an upcoming medical conference and submitted to
   regulatory authorities in 2024.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Votrient </i></b>(USD 77 million, -25%, -26% cc) sales declined due to increased competition, especially
   from immune-oncology agents in metastatic renal cell carcinoma.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Adakveo </i></b>(USD 45 million, -12%, -11% cc) sales declined due to withdrawal in Europe. <i>Adakveo</i> remains approved for use by the FDA for the reduction in frequency of vasoocclusive
   crises (pain crises) in adults and pediatric patients aged 16 years or older with
   sickle cell disease.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Tabrecta </i></b>(USD 41 million, +14%, +13% cc) sales grew mainly in the US. <i>Tabrecta</i> is the first therapy approved by the FDA to specifically target metastatic NSCLC
   with a mutation that leads to MET exon 14 (METex14) skipping in any line of treatment.
   Novartis obtained global rights to develop, manufacture and commercialize <i>Tabrecta</i> under a license and collaboration agreement with Incyte Corporation.
</div><a name=""></a><div style="padding-top:20px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold; text-transform:uppercase;">Established BRANDS</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> cc</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> cc</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Established brands</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Lucentis</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 301</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 398</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -24</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;475</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;874</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -21</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Sandostatin</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 316</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 305</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;314</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;238</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Gilenya</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 154</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 346</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -55</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -55</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 925</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;013</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -54</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -54</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Exforge</I> Group</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 156</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 159</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 713</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 743</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Galvus</I> Group</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 153</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 209</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -27</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 692</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 859</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -19</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Diovan</I> Group</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 147</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 142</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 613</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 652</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Gleevec/Glivec</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 128</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 175</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -27</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 561</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 745</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -22</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Afinitor/Votubia</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 97</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 106</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 408</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 512</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Contract manufacturing<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 302</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 313</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;490</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;200</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 24</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;243</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;525</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;427</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 6&nbsp;113</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total established brands<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;997</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;678</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -19</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13&nbsp;618</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 15&nbsp;949</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -12</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Effective January 1, 2023, the discontinued operations Sandoz business transferred
               to Novartis continuing operations its bio-technology manufacturing services to other
               companies&#x2019; activities (included in Contract manufacturing) and the <I>Coartem</I> brand
               (included in Other). The financial information of the Novartis continuing operations
               and discontinued operations were adapted accordingly in 2022 and 2021, in compliance
               with IFRS Accounting Standards. See Note 10 for additional information.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup></div>
         </td>
      </tr>
   </table>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Lucentis </i></b>(USD 301 million, ex-US -24%, -25% cc) sales declined in Europe, emerging growth markets
   and Japan, mainly due to competition.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Sandostatin </i></b>(USD 316 million, +4%, +5% cc) sales grew in emerging growth markets and Europe mainly
   due to temporary generic supply shortages, partly offset by decline in the US.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Gilenya </i></b>(USD 154 million, -55%, -55% cc) sales declined due to generic competition mainly
   in the US and Europe. Novartis is in litigation against a generic manufacturer on
   the method of treatment patent in the US, and against generic manufacturers on the
   dosing regimen patent in Europe.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Exforge </i></b><b>Group </b>(USD 156 million, -2%, -1% cc) sales declined mainly in Europe.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Galvus </i></b><b>Group </b>(USD 153 million, -27%, -17% cc) sales declined mainly in Europe.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Diovan </i></b><b>Group</b> (USD 147 million, +4%, +6% cc) sales grew in emerging growth markets.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Gleevec/Glivec</i></b> (USD 128 million, -27%, -25% cc) sales declined due to increased generic competition.

</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b><i>Afinitor/Votubia</i></b> (USD 97 million, -8%, -7% cc) sales declined mainly in Europe and emerging growth
   markets driven by generic competition.
</div>
<div style="padding-bottom:10px;"></div>
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   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">10</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:15px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Discontinued operations</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Discontinued operations include the Sandoz generic pharmaceuticals and biosimilars
   division, certain corporate activities attributable to Sandoz prior to the spin-off
   up to the distribution date of October 3, 2023, and certain other expenses related
   to the spin-off. Included in 2023 is also the IFRS Accounting Standards non-cash,
   non-taxable net gain on the distribution of Sandoz Group AG to Novartis AG shareholders
   of USD 5.9 billion, representing mainly the excess amount of the IFRS Accounting Standards
   distribution liability, which is the estimated fair value of the Sandoz business distributed
   to Novartis AG shareholders, over the then carrying value of Sandoz business net assets.
   There were no operating results for the fourth quarter 2023 following the distribution
   date. The prior year includes the results for the full period.
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Fourth quarter</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Net income from discontinued operations amounted to USD 5.8 billion, driven by the
   IFRS Accounting Standards non-cash, non-taxable, net gain on distribution of Sandoz
   Group AG to Novartis AG shareholders of USD 5.9 billion, compared to USD 151 million
   in prior year.
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Full year </font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Discontinued operations net sales in 2023 were USD 7.4 billion, compared to USD 9.4
   billion in 2022 and operating income amounted to USD 265 million compared to USD 1.3
   billion in 2022.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Net income from discontinued operations in 2023 amounted to USD 6.3 billion, compared
   to USD 906 million in 2022, driven by the IFRS Accounting Standards non-cash, non-taxable,
   net gain on distribution of Sandoz Group AG to Novartis AG shareholders, which amounted
   to USD 5.9 billion.
</div><a name=""></a><div style="&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;padding-bottom:15px; padding-top:15px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Total Company </font></div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Fourth quarter </font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Total Company net income was USD 8.5 billion in 2023, compared to USD 1.5 billion
   in 2022 and basic EPS was USD 4.14 compared to USD 0.69 in prior year, driven by the
   IFRS Accounting Standards non-cash, non-taxable, net gain on distribution of Sandoz
   Group AG to Novartis AG shareholders of USD 5.9 billion. Net cash flows from operating
   activities for total Company amounted to USD 2.5 billion and free cash flow amounted
   to USD 2.1 billion.
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Full year </font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Total Company, net income amounted to USD 14.9 billion in 2023, compared to USD 7.0
   billion in 2022, and basic earnings per share was USD 7.15 compared to USD 3.19 in
   prior year, driven by the IFRS Accounting Standards non-cash, non-taxable, net gain
   on distribution of Sandoz Group AG to Novartis AG shareholders of USD 5.9 billion.
   Net cash flows from operating activities for the total Company amounted to USD 14.5
   billion, and free cash flow amounted to USD 13.2 billion.
</div>
<div style="padding-bottom:10px;"></div>
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   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">11</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-top:10px;  padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight:bold;">Company Cash Flow and Balance Sheet</font></div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Cash flow</font></div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Fourth quarter</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Net cash flows from operating activities from continuing operations amounted to USD
   2.5 billion, compared with USD 3.8 billion in the prior year quarter. This decrease
   was driven by higher net income from continuing operations adjusted for non-cash items
   and other adjustments, including divestment gains being more than offset by unfavorable
   changes in working capital and higher income taxes paid, mainly due to the timing
   of income tax payments.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Net cash flows from operating activities from discontinued operations decrease of
   USD 0.3 billion was due to the distribution (spin-off) of the Sandoz business on October
   3, 2023.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Net cash outflows used in investing activities from continuing operations amounted
   to USD 1.0 billion, compared with USD 1.3 billion in the prior year quarter.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The current year quarter net cash outflows used in investing activities from continuing
   operations were mainly driven by USD 0.5 billion for net purchases of marketable securities,
   commodities and time deposits; USD 0.4 billion for purchases of property, plant and
   equipment; and USD 0.4 billion for purchases of intangible assets. These cash outflows
   were partly offset by cash inflows of USD 0.2 billion from the sale of property, plant
   and equipment (including proceeds from the sale and leaseback of real estate); and
   USD 0.1 billion from the sale of financial assets.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">In the prior year quarter, net cash outflows used in investing activities from continuing
   operations of USD 1.3 billion were driven by USD 0.9 billion for net purchases of
   marketable securities, commodities and time deposits; USD 0.3 billion for purchases
   of property, plant and equipment; and USD 0.2 billion for purchases of intangible
   assets. These cash outflows were partly offset by cash inflows of USD 0.1 billion
   from the sale of intangible assets.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The current year quarter net cash outflows used in investing activities from discontinued
   operations amounted to USD 0.7 billion, compared with USD 0.1 billion in the prior
   year quarter. The current year quarter mainly includes the cash outflow of USD 0.7
   billion due to the derecognition of cash and cash equivalents of the Sandoz business,
   following the distribution (spin-off) on October 3, 2023.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Net cash outflows used in financing activities from continuing operations amounted
   to USD 0.5 billion, compared with USD 4.1 billion in the prior year quarter.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The current year quarter net cash outflows used in financing activities from continuing
   operations were mainly driven by USD 1.3 billion for net treasury share transactions;
   and USD 0.1 billion payments of lease liabilities. These cash outflows were partly
   offset by cash inflows of USD 0.7 billion from the net increase in current financial
   debts and other net financing cash inflows of USD 0.2 billion.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">In the prior year quarter, net cash outflows used in financing activities from continuing
   operations of USD 4.1 billion were mainly driven by USD 2.7 billion for net treasury
   share transactions; and USD 1.2 billion from the net decrease in current financial
   debts. Payments of lease liabilities and other financing cash flows resulted in a
   net cash outflow of USD 0.2 billion.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The current year quarter net cash outflows used in financing activities from discontinued
   operations amounted to USD 0.1 billion, compared with USD 0.1 billion net cash inflows
   in the prior year quarter.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Free cash flow from continuing operations amounted to USD 2.1 billion (-38% USD),
   compared with USD 3.5 billion in the prior year quarter driven by lower net cash flows
   from operating activities from continuing operations.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">For the total Company, net cash flows from operating activities amounted to USD 2.5
   billion, compared with USD 4.1 billion in the prior year quarter and free cash flow
   amounted to USD 2.1 billion, compared with USD 3.7 billion in the prior year quarter.
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Full year</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Net cash flows from operating activities from continuing operations amounted to USD
   14.2 billion, compared with USD 13.0 billion in 2022. This increase was mainly driven
   by higher net income from continuing operations adjusted for non-cash items and other
   adjustments, including divestment gains, which were partly offset by higher income
   taxes paid, mainly due to the timing of payments.
</div>
<div style="padding-bottom:10px;"></div>
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   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Net cash flows from operating activities from discontinued operations amounted to
   USD 0.2 billion, compared with USD 1.2 billion in 2022. This decrease was mainly driven
   by lower net income from discontinued operations adjusted for non-cash items and other
   adjustments, including divestment gains and the distribution (spin-off) of the Sandoz
   business on October 3, 2023.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Net cash inflows from investing activities from continuing operations amounted to
   USD 6.7 billion, compared with USD 1.9 billion in 2022.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The current year net cash inflows from investing activities from continuing operations
   were driven by net proceeds of USD 10.6 billion from the sale of marketable securities,
   commodities and time deposits; USD 2.0 billion from the sale of intangible assets
   (including USD 1.75 billion cash proceeds from the divestment of the &#x2018;front of eye&#x2019;
   ophthalmology assets to Bausch + Lomb); USD 0.3 billion from the sale of financial
   assets; and USD 0.2 billion from the sale of property, plant and equipment (including
   proceeds from the sale and leaseback of real estate). These cash inflows were partly
   offset by cash outflows of USD 3.6 billion for acquisitions and divestments of businesses,
   net (including the acquisition of Chinook Therapeutics, Inc. for USD 3.1 billion,
   net of cash acquired USD 0.1 billion, and the acquisition of DTx Pharma Inc. for USD
   0.5 billion, net of cash acquired USD 0.1 billion); USD 1.7 billion for purchases
   of intangible assets; USD 1.1 billion for purchases of property, plant and equipment;
   and USD 0.1 billion for purchases of financial assets.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">In 2022, net cash inflows from investing activities from continuing operations of
   USD 1.9 billion were mainly driven by net proceeds of USD 4.7 billion from the sale
   of marketable securities, commodities and time deposits; and USD 0.5 billion from
   the sale of intangible assets, financial assets and property, plant and equipment.
   These cash inflows were partly offset by cash outflows of USD 1.3 billion for purchases
   of intangible assets; USD 0.9 billion for purchases of property, plant and equipment;
   USD 0.1 billion for purchases of financial assets; and USD 0.8 billion for acquisitions
   and divestments of businesses, net (primarily the acquisition of Gyroscope Therapeutics
   Holdings plc for USD 0.8 billion).
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Net cash outflows used in investing activities from discontinued operations amounted
   to USD 1.1 billion, compared with USD 0.4 billion in 2022. The current year mainly
   includes the cash outflow of USD 0.7 billion due to the derecognition of cash and
   cash equivalents of the Sandoz business, following the distribution (spin-off) on
   October 3, 2023.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Net cash outflows used in financing activities from continuing operations amounted
   to USD 17.6 billion, compared with USD 20.7 billion in 2022.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The current year net cash outflows used in financing activities from continuing operations
   were mainly driven by USD 8.6 billion for net treasury share transactions; USD 7.3
   billion for the dividend payment; USD 2.2 billion for the repayment of two EUR denominated
   bonds (notional amounts of EUR 1.25 billion and of EUR 0.75 billion) at maturity.
   Payments of lease liabilities amounted to USD 0.3 billion. These cash outflows were
   partly offset by cash inflows of USD 0.5 billion from the net increase in current
   financial debts.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">In 2022, net cash outflows used in financing activities from continuing operations
   of USD 20.7 billion were mainly driven by USD 10.6 billion for net treasury share
   transactions; USD 7.5 billion for the dividend payment; USD 2.5 billion in aggregate
   for the repayment of two US dollar bonds; and USD 0.3 billion payments of lease liabilities.
   These cash outflows were partly offset by cash inflows of USD 0.3 billion from the
   net increase in current financial debts.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The current year net cash inflows from financing activities from discontinued operations
   of USD 3.3 billion were mainly driven by USD 3.6 billion cash inflows from bank borrowings
   (including the USD 3.3 billion Sandoz business borrowings from a group of banks on
   September 28, 2023) in connection with the distribution (spin-off) of the Sandoz business
   to Novartis AG shareholders, partly offset by transaction cost payments of USD 0.2
   billion. Net cash inflows from financing activities from discontinued operations in
   2022 were USD 119 million.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Free cash flow from continuing operations amounted to USD 13.2 billion (+9% USD),
   compared with USD 12.1 billion in 2022 driven by higher net cash flows from operating
   activities from continuing operations.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">For the total Company, net cash flows from operating activities amounted to USD 14.5
   billion, compared with USD 14.2 billion in 2022 and free cash flow amounted to USD
   13.2 billion, compared with USD 13.0 billion in 2022.
</div>
<div style="padding-bottom:10px;"></div>
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</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Balance sheet</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">There has been a significant change to the December 31, 2023 consolidated balance
   sheet resulting from the presentation of the Sandoz business as a discontinued operations.
   This follows the September 15, 2023 shareholders&#x2019; approval to spin-off of Sandoz business
   through a dividend in kind distribution to the Novartis AG shareholders (for further
   details see Note 1, Note 2 and Note 3).
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The December 31, 2022 consolidated balance sheet includes the assets and liabilities
   of the Sandoz business. The December 31, 2023 consolidated balance sheet excludes
   the assets and liabilities of the Sandoz business in the individual lines, due to
   the derecognition of the Sandoz business at the date of the October 3, 2023 distribution
   (spin-off).
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The consolidated balance sheet discussion and analysis that follows excludes the impacts
   of the derecognition of the Sandoz business assets and liabilities at the date of
   the distribution (spin-off). For information on the assets and liabilities of the
   Sandoz business derecognized at October 3, 2023, the distribution (spin-off) date,
   see Note 13.
</div><a name=""></a><div style="&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;padding-bottom:15px; padding-top:15px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Assets</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; "><b>Total non-current assets</b> of USD 69.5 billion increased by USD 0.5 billion compared to December 31, 2022, excluding
   the impact of the derecognition of the Sandoz business non-current assets related
   to discontinued operations.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Intangible assets other than goodwill decreased by USD 3.3 billion mainly due to amortization
   and impairments and the divestment of the &#x2018;front of eye&#x2019; ophthalmology assets, partially
   offset by the impact of acquisitions, including Chinook Therapeutics, Inc. and of
   DTx Pharma Inc., additions, and favorable currency translation adjustments.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Goodwill increased by USD 1.5 billion mainly due to the acquisition of Chinook Therapeutics,
   Inc and DTx Pharma Inc.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Deferred tax assets increased by USD 1.3 billion mainly due to higher deferred tax
   assets on intangible assets, inventory and tax loss carryforwards. Property, plant
   and equipment increased by USD 0.6 billion mainly as additions and favorable currency
   translation adjustments exceeded depreciation charge and disposals. Right-of-use assets,
   investments in associated companies, financial assets, and other non-current assets
   were broadly in line with December 31, 2022.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b>Total current assets</b> of USD 30.5 billion decreased by USD 1.7 billion compared to December 31, 2022, excluding
   the impact of the derecognition of the Sandoz business non-current assets related
   to discontinued operations.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Cash and cash equivalents, marketable securities, commodities, time deposits and derivative
   financial instruments decreased by USD 4.4 billion mainly due to the dividend payment,
   and net purchases of treasury shares and intangible assets, partially offset by the
   cash generated through operating activities.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Inventories increased by USD 0.9 billion. Trade receivables increased by USD 1.3 billion,
   mainly due to the increase in net sales. Other current assets and income tax receivables
   were broadly in line with December 31, 2022
</div><a name=""></a><div style="&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;padding-bottom:15px; padding-top:15px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Liabilities</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; "><b>Total non-current liabilities </b>of USD 26.8 billion decreased by USD 1.7 billion compared to December 31, 2022, excluding
   the impact of the derecognition of the Sandoz business non-current liabilities related
   to discontinued operations.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Non-current financial debts decreased by USD 1.8 billion mainly due to the reclassification
   of USD 2.1 billion from non-current to current financial debts of a USD denominated
   bond with notional amount of USD 2.2 billion maturing in 2024.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Non-current lease liabilities, deferred tax liabilities and provisions and other non-current
   liabilities were broadly in line with December 31, 2022.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;"><b>Total current liabilities </b>of USD 26.4 billion increased by USD 1.5 billion compared to December 31, 2022 excluding
   the impact of the derecognition of the Sandoz business non-current liabilities related
   to discontinued operations.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Current financial debts and derivative financial instruments were broadly in line
   with December 31, 2022, as the repayment of a 0.5% coupon bond with a notional amount
   of EUR 750 million and a 0.125% coupon bond with a
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">14</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">notional amount of EUR 1.25 billion was largely offset by the reclassification of
   USD 2.1 billion from non-current to current financial debts of a USD denominated bond
   with notional amount of USD 2.2 billion maturing in 2024.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Provisions and other current liabilities increased by USD 0.6 billion, mainly driven
   by an increase of the provisions for deductions from revenue. Trade payables increased
   by USD 0.9 billion. Current income tax liabilities and current lease liabilities were
   broadly in line with December 31, 2022.
</div><a name=""></a><div style="&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;padding-bottom:15px; padding-top:15px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Equity</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The Company&#x2019;s equity decreased by USD 12.7 billion to USD 46.8 billion compared to
   December 31, 2022.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">This decrease was mainly due to the dividend in kind to effect the distribution (spin-off)
   of Sandoz Group AG to the Novartis AG shareholders&#x2019; of USD 14.0 billion, the cash-dividend
   payment of USD 7.3 billion and the purchase of treasury shares of USD 8.5 billion.
   This was partially offset by the net income of USD 14.9 billion, and equity-based
   compensation of USD 0.9 billion.
</div><a name=""></a><div style="&#xA;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;&#x9;padding-bottom:15px; padding-top:15px; font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#0070f7; font-weight:bold;">Net debt and debt/equity ratio</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The Company&#x2019;s liquidity amounted to USD 14.4 billion as at December 31, 2023, compared
   with USD 18.9 billion as at December 31, 2022. Total non-current and current &#xfb01;nancial
   debts, including derivatives, amounted to USD 24.6 billion as at December 31, 2023,
   compared with USD 26.2 billion as at December 31, 2022.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The debt/equity ratio increased to 0.53:1 as at December 31, 2023, compared with 0.44:1
   as at December 31, 2022. The net debt increased to USD 10.2 billion as at December
   31, 2023, compared with USD 7.2 billion as at December 31, 2022.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">15</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-top:10px;  padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight:bold;">Innovation Review</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Novartis continues to focus its R&amp;D portfolio prioritizing high value medicines with
   transformative potential for patients. We now focus on ~110 projects in clinical development.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Selected Innovative Medicines approvals</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="top">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"><br>Product
            </div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Active ingredient/<br> Descriptor
            </div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> Indication
            </div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> Region
            </div>
         </td>
         <td></td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="9" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td width="6.75%" height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Fabhalta</div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="27%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> iptacopan</div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="27%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Paroxysmal nocturnal hemoglobinuria</div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="27%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> US</div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="9%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="9" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Cosentyx</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> secukinumab</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Hidradenitis suppurativa</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> US</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="9" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
   </table>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Selected Innovative Medicines projects awaiting regulatory decisions</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="top">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="center" colspan="5" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Completed submissions</div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
      </tr>
      <tr bgcolor="white">
         <td height="3"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></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"></td>
         <td colspan="5" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
      </tr>
      <tr bgcolor="white">
         <td height="3"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
      </tr>
      <tr valign="top">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;">Product</div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Indication</div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> US</div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> EU</div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Japan</div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> News update</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td width="5.25%" height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kisqali</div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="21%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Hormone receptor-positive /<br> human epidermal growth factor <br> receptor 2-negative early <br> breast cancer (adjuvant)
            </div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Q4 2023<br> <br> <br>
            </div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Q3 2023<br> <br> <br>
            </div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> <br> <br>
            </div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="21%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2013; US filing<br> <br> <br>
            </div>
         </td>
         <td align="left" width="1%"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">LNP023<br>(iptacopan)
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Paroxysmal nocturnal <br> hemoglobinuria
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Approved<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Q2 2023<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Q3 2023<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2013; US approval<br>
            </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Xolair</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Food allergy</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Q4 2023</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2013; Genentech submission</div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
   </table>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Selected Innovative Medicines pipeline projects</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="top">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;">Compound/<br>product
            </div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Potential indication/<br> Disease area
            </div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> First planned<br> submissions
            </div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Current <br> Phase
            </div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> News update
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td width="6%" height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Aimovig</I></div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="24%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Migraine, pediatrics</div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027</div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="left" width="1%"></td>
         <td align="left" width="24%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="left" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">AVXS-101 <br>(OAV101)
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Spinal muscular atrophy <br> (IT formulation)
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2025<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Beovu</I></div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Diabetic retinopathy</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2025</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">CFZ533<br>(iscalimab)
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Sj&#xf6;gren's syndrome<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Coartem</I></div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Malaria, uncomplicated (&lt;5 kg patients)<br> <br> <br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2024<br> <br> <br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3<br> <br> <br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2013; Submission will use the MAGHP procedure <br> in Switzerland to facilitate rapid approvals in <br> the developing countries who are included in<br> the MAGHP procedure
            </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Cosentyx</I></div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Giant cell arteritis</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2025</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Polymyalgia rheumatica</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2026</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Rotator cuff tendinopathy</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">EXV811<br>(atrasentan)
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> IgA nephropathy<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2024<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2013; Ph3 ALIGN met its primary endpoint<br>
            </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">FUB523<br>(zigakibart)
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> IgA nephropathy<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">JDQ443<br>(opnurasib)
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Non-small cell lung cancer <br> (mono/combos)
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2013;Asset submission plan revised following <br> strategy update
            </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">KAE609 <br> (cipargamin)
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Malaria, uncomplicated<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Malaria, severe</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">KLU156 <br>(ganaplacide <br>+ lumefantrine)
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Malaria, uncomplicated<br> <br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2026<br> <br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3<br> <br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2013; FDA Orphan Drug designation <br> &#x2013; FDA Fast Track designation<br>
            </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Leqvio</I></div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Secondary prevention of cardiovascular <br>  events in patients with elevated levels of LDL-C
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3<br>
            </div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Primary prevention CVRR</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">LNA043</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Osteoarthritis</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2013; FDA Fast Track designation</div>
         </td>
         <td align="left"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">16</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
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<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="top">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;">Compound/<br>product
            </div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Potential indication/<br> Disease area
            </div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> First planned<br> submissions
            </div>
         </td>
         <td></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Current <br> Phase
            </div>
         </td>
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         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2013; Event driven trial endpoint</div>
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      </tr>
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         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
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         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oligometastatic prostate cancer</div>
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         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2265;2027</div>
         </td>
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         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
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         <td align="left">
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      </tr>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">QGE031 <br>(ligelizumab)
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         </td>
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         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Food allergy<br>
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         <td align="left">
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            </div>
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      </tr>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Scemblix</I></div>
         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1L Chronic myeloid leukemia</div>
         </td>
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         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2024</div>
         </td>
         <td align="left"></td>
         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="left"></td>
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         </td>
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      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">TQJ230 <br>(pelacarsen)
            </div>
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         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Secondary prevention of cardiovascular <br> events in patients with elevated levels <br> of lipoprotein(a)
            </div>
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         <td align="left">
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         </td>
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         <td align="left">
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         </td>
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         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> &#x2013; FDA Fast Track designation <br> &#x2013; China Breakthrough Therapy designation<br>
            </div>
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      </tr>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">VAY736 <br> (ianalumab)
            </div>
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         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Auto-immune hepatitis<br>
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         <td align="left">
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2<br>
            </div>
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         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
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         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Sj&#xf6;gren&#x2019;s syndrome</div>
         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2026</div>
         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
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         </td>
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      <tr>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
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         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
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         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
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         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Lupus nephritis</div>
         </td>
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         <td align="left">
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
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      <tr>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
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         </td>
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         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
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         </td>
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      </tr>
      <tr>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
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         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2026</div>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="left"></td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
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      <tr>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
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         </td>
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         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2026</div>
         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="left"></td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="left"></td>
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      <tr>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
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         </td>
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         <td align="left">
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         <td align="left">
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         </td>
         <td align="left"></td>
         <td align="left">
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         </td>
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      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
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         </td>
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         <td align="left">
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         <td align="left">
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         </td>
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         <td align="left">
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            </div>
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         <td align="left"></td>
         <td align="left">
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            </div>
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         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
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         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Hypertension</div>
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         <td align="left">
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         </td>
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         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
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      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
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         </td>
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         <td align="left">
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         <td align="left">
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            </div>
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            </div>
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         <td align="left"></td>
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         </td>
         <td align="left"></td>
      </tr>
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         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
         <td style="border-bottom: solid #ffffff 1px;height:1px;"></td>
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         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
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         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
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         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
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      <tr valign="top" bgcolor="#ffffff">
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         </td>
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         </td>
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         <td align="left">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
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            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
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<a name="anchorId00213562"></a><p style="font-family:arial,helvetica,sans-serif; font-size:24pt; color:#000000; font-weight:bold;">Condensed Consolidated Financial&nbsp;Statements</p><a name="anchorId00213565"></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Consolidated income statements</font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b> (unaudited)
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions unless indicated otherwise)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Note</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net sales from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 11&nbsp;423</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 10&nbsp;576</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other revenues</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 353</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 390</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3&nbsp;022</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3&nbsp;041</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Gross profit from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;754</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 7&nbsp;925</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Selling, general and administration</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3&nbsp;444</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3&nbsp;183</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Research and development</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;567</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;216</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 450</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 155</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -611</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -926</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;582</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;755</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Loss from associated companies</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -217</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -207</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 24</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Income before taxes from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;377</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;569</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 261</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -254</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;638</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;315</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net (loss)/income from discontinued operations before gain on<br>distribution of Sandoz Group AG to Novartis AG shareholders
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 13
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> -18
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 151
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Gain on distribution of Sandoz Group AG to Novartis AG shareholders</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3, 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;860</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 5&nbsp;842</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 151</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;480</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;466</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Attributable to:</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Shareholders of Novartis AG</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 8&nbsp;480</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 1&nbsp;466</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Non-controlling interests</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 0</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 0</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Weighted average number of shares outstanding &#x2013; Basic (million)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;050</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;135</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Basic earnings per share from continuing operations (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 1.29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 0.62</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Basic earnings per share from discontinued operations (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 2.85</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 0.07</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total basic earnings per share (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 4.14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 0.69</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Weighted average number of shares outstanding &#x2013; Diluted (million)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;065</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;150</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Diluted earnings per share from continuing operations (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 1.28</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 0.61</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Diluted earnings per share from discontinued operations (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 2.83</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 0.07</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total diluted earnings per share (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 4.11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 0.68</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Earnings per share (EPS) is calculated on the amount of net income attributable to
               shareholders of Novartis AG.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">18</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00214194"></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Consolidated income statements</font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year</b> (audited)
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions unless indicated otherwise)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Note</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net sales from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 45&nbsp;440</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 42&nbsp;206</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other revenues</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;220</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;255</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12&nbsp;472</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -11&nbsp;582</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Gross profit from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 34&nbsp;188</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 31&nbsp;879</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Selling, general and administration</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12&nbsp;517</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -12&nbsp;193</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Research and development</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11&nbsp;371</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -9&nbsp;172</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;772</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 696</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;303</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3&nbsp;264</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9&nbsp;769</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 7&nbsp;946</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Loss from associated companies</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -855</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -800</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 222</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 42</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Income before taxes from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9&nbsp;123</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 7&nbsp;177</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -551</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;128</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;572</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;049</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income from discontinued operations before gain on <br>distribution of Sandoz Group AG to Novartis AG shareholders
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 13
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 422
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 906
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Gain on distribution of Sandoz Group AG to Novartis AG shareholders</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3, 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;860</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6&nbsp;282</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 906</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;854</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;955</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Attributable to:</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Shareholders of Novartis AG</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 14&nbsp;850</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 6&nbsp;955</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Non-controlling interests</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 0</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Weighted average number of shares outstanding &#x2013; Basic (million)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;077</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;181</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Basic earnings per share from continuing operations (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 4.13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 2.77</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Basic earnings per share from discontinued operations (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 3.02</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 0.42</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total basic earnings per share (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 7.15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3.19</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Weighted average number of shares outstanding &#x2013; Diluted (million)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;092</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;197</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Diluted earnings per share from continuing operations (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 4.10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 2.75</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Diluted earnings per share from discontinued operations (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 3.00</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 0.42</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total diluted earnings per share (USD)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 7.10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3.17</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Earnings per share (EPS) is calculated on the amount of net income attributable to
               shareholders of Novartis AG.&nbsp;&nbsp;
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">19</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00214838"></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Consolidated statements of&nbsp;comprehensive&nbsp;income </font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b> (unaudited)
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;480</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;466</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Other comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Items that are or may be recycled into the consolidated income statement</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Net investment hedge, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -59</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -118</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Currency translation effects, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;320</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;652</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Total of items that are or may be recycled</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;261</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;534</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Items that will never be recycled into the consolidated income statement</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Actuarial gains/(losses) from defined benefit plans, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -217</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;920</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Fair value adjustments on equity securities, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 56</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -97</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Total of items that will never be recycled</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -161</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;017</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9&nbsp;580</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 983</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Total comprehensive income for the year attributable to:</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Shareholders of Novartis AG</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 9&nbsp;578</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 980</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4&nbsp;062</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 630</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;516</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 350</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Non-controlling interests</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year </b>(audited)
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;854</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;955</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Other comprehensive income</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Items that are or may be recycled into the consolidated income statement</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Net investment hedge, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -50</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 91</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Currency translation effects, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;375</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -450</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Total of items that are or may be recycled</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;325</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -359</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Items that will never be recycled into the consolidated income statement</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Actuarial gains from defined benefit plans, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -160</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -103</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Fair value adjustments on equity securities, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 37</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -382</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Total of items that will never be recycled</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -123</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -485</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 16&nbsp;056</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;111</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Total comprehensive income for the year attributable to:</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Shareholders of Novartis AG</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 16&nbsp;050</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 6&nbsp;116</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10&nbsp;115</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 5&nbsp;181</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;935</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 935</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Non-controlling interests</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> -5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">20</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00215394"></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Consolidated balance sheets </font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> Note
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Dec 31, <br> 2023<br> (audited)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Dec 31, <br> 2022<br> (audited)
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Assets</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Non-current assets</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Property, plant and equipment</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9&nbsp;514</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 10&nbsp;764</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Right-of-use assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;410</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;431</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Goodwill</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 23&nbsp;341</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 29&nbsp;301</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Intangible assets other than goodwill</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26&nbsp;879</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 31&nbsp;644</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Investments in associated companies</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 205</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 143</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Deferred tax assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4&nbsp;309</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 3&nbsp;739</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Financial assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;607</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;411</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other non-current assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;199</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;110</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total non-current assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 69&nbsp;464</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 80&nbsp;543</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Current assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Inventories</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;913</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 7&nbsp;175</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Trade receivables</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7&nbsp;107</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 8&nbsp;066</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income tax receivables</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 426</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 268</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Marketable securities, commodities, time deposits and derivative financial instruments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;035</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 11&nbsp;413</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cash and cash equivalents</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13&nbsp;393</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 7&nbsp;517</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other current assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;607</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;471</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total current assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 30&nbsp;481</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 36&nbsp;910</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 99&nbsp;945</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 117&nbsp;453</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Equity and liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Equity</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Share capital</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 825</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 890</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Treasury shares</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -41</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -92</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Reserves</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 45&nbsp;883</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 58&nbsp;544</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Equity attributable to Novartis AG shareholders</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 46&nbsp;667</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 59&nbsp;342</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Non-controlling interests</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 83</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 81</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total equity</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 46&nbsp;750</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 59&nbsp;423</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Financial debts</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18&nbsp;436</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 20&nbsp;244</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Lease liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;598</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;538</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Deferred tax liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;248</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;686</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Provisions and other non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4&nbsp;523</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 4&nbsp;906</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 26&nbsp;805</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 29&nbsp;374</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Trade payables</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4&nbsp;926</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 5&nbsp;146</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Financial debts and derivative financial instruments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6&nbsp;175</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 5&nbsp;931</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Lease liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 230</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 251</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Current income tax liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;893</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;533</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Provisions and other current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13&nbsp;166</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 14&nbsp;795</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 26&nbsp;390</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 28&nbsp;656</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 53&nbsp;195</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 58&nbsp;030</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total equity and liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 99&nbsp;945</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 117&nbsp;453</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">21</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00216264"></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Consolidated statements of changes in equity </font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b> (unaudited)
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Reserves</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></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 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>
         <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 height="1"></td>
         <td height="1" width="3" style="border-bottom: solid #FFFFFF 1px;"></td>
         <td colspan="3" style="border-bottom: solid #000000 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>
         <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 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>
         <td height="1"></td>
         <td height="1"></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> <br> Note
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> Share<br> capital
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> Treasury<br> shares
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> Retained<br> earnings
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> Total value<br> adjustments
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Issued share <br> capital and <br> reserves <br> attributable <br> to Novartis <br> shareholders
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> Non-<br> controlling<br> interests
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> Total<br> equity
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total equity at September 30, 2023</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 825</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -32</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 42&nbsp;333</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -4&nbsp;962</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 38&nbsp;164</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 81</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 38&nbsp;245</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8&nbsp;480</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8&nbsp;480</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8&nbsp;480</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;098</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;098</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;100</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;480</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;098</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9&nbsp;578</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9&nbsp;580</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchase of treasury shares</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;223</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;233</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;233</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Exercise of options and employee transactions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Equity-based compensation</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 249</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 250</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 250</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Shares delivered to Sandoz employees <br>as a result of the Sandoz spin-off
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 30
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 30
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 30
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Taxes on treasury share transactions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Transaction costs, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -140</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -140</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -140</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Fair value adjustments on financial assets sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -69</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 69</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Value adjustments related to divestments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other movements</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total of other equity movements</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -1&nbsp;164</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 98</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -1&nbsp;075</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -1&nbsp;075</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total equity at December 31, 2023</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 825</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -41</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 49&nbsp;649</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -3&nbsp;766</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 46&nbsp;667</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 83</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 46&nbsp;750</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
      </tr>
   </table>
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Reserves</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></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 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>
         <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 height="1"></td>
         <td height="1" width="3" style="border-bottom: solid #FFFFFF 1px;"></td>
         <td colspan="3" style="border-bottom: solid #000000 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>
         <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 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>
         <td height="1"></td>
         <td height="1"></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> <br> Note
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> <br> Share<br> capital
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> <br> Treasury<br> shares
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> <br> Retained<br> earnings
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> <br> Total value<br> adjustments
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Issued share <br> capital and <br> reserves <br> attributable <br> to Novartis <br> shareholders
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> Non-<br> controlling<br> interests
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> <br> Total<br> equity
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total equity at October 1, 2022</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 890</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -70</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 64&nbsp;543</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -4&nbsp;543</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 60&nbsp;820</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 78</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 60&nbsp;898</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;466</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;466</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;466</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -486</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -486</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -483</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;466</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -486</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 980</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 983</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchase of treasury shares</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -22</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;685</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;707</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;707</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Exercise of options and employee transactions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Equity-based compensation</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 203</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 203</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 203</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Taxes on treasury share transactions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Fair value adjustments on financial assets sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Value adjustments related to divestments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -34</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 34</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other movements</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 45</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 45</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 45</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total of other equity movements</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -22</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -2&nbsp;469</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 33</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -2&nbsp;458</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -2&nbsp;458</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total equity at December 31, 2022</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 890</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -92</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 63&nbsp;540</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -4&nbsp;996</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 59&nbsp;342</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 81</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 59&nbsp;423</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">22</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00217997"></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Consolidated statements of changes in equity </font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year </b>(audited)
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Reserves</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></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 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>
         <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 height="1"></td>
         <td height="1" width="3" style="border-bottom: solid #FFFFFF 1px;"></td>
         <td colspan="3" style="border-bottom: solid #000000 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>
         <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 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>
         <td height="1"></td>
         <td height="1"></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> <br> Note
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> Share<br> capital
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> Treasury<br> shares
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> Retained<br> earnings
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> Total value<br> adjustments
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Issued share <br> capital and <br> reserves <br> attributable <br> to Novartis <br> shareholders
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> Non-<br> controlling<br> interests
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> Total<br> equity
            </div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total equity at January 1, 2023</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 890</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -92</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 63&nbsp;540</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -4&nbsp;996</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 59&nbsp;342</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 81</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 59&nbsp;423</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14&nbsp;850</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14&nbsp;850</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14&nbsp;854</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;200</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;200</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;202</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;850</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;200</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 16&nbsp;050</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 16&nbsp;056</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Dividends</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7&nbsp;255</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7&nbsp;255</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7&nbsp;255</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Dividend in kind to effect the spin-off of <br>Sandoz Group AG
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 3
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> -13&nbsp;962
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> -13&nbsp;962
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> -13&nbsp;962
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchase of treasury shares</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -51</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8&nbsp;466</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8&nbsp;517</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8&nbsp;517</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Reduction of share capital</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -65</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 94</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Exercise of options and employee transactions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 144</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 146</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 146</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Equity-based compensation</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 898</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 904</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 904</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Shares delivered to Sandoz employees <br>as a result of the Sandoz spin-off
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 30
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 30
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 30
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Taxes on treasury share transactions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Transaction costs, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -214</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -214</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -214</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Changes in non-controlling interests</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Fair value adjustments on financial assets sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Value adjustments related to divestments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other movements</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 129</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 129</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 129</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total of other equity movements</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -65</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 51</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -28&nbsp;741</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 30</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -28&nbsp;725</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -28&nbsp;729</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total equity at December 31, 2023</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 825</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -41</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 49&nbsp;649</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -3&nbsp;766</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 46&nbsp;667</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 83</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 46&nbsp;750</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">       </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Reserves</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></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 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>
         <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 height="1"></td>
         <td height="1" width="3" style="border-bottom: solid #FFFFFF 1px;"></td>
         <td colspan="3" style="border-bottom: solid #000000 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>
         <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 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>
         <td height="1"></td>
         <td height="1"></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> <br> <br> <br> <br> <br> Note
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> <br> Share<br> capital
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> <br> Treasury<br> shares
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> <br> Retained<br> earnings
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> <br> Total value<br> adjustments
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Issued share <br> capital and <br> reserves <br> attributable <br> to Novartis <br> shareholders
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> Non-<br> controlling<br> interests
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> <br> <br> <br> Total<br> equity
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total equity at January 1, 2022</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 901</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -48</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 70&nbsp;989</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -4&nbsp;187</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 67&nbsp;655</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 167</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 67&nbsp;822</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 6&nbsp;955</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 6&nbsp;955</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 6&nbsp;955</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -839</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -839</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -844</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total comprehensive income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;955</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -839</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;116</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;111</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Dividends</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -7&nbsp;506</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -7&nbsp;506</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -7&nbsp;506</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchase of treasury shares</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -66</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -10&nbsp;844</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -10&nbsp;910</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -10&nbsp;910</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Reduction of share capital</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Exercise of options and employee transactions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 87</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 88</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 88</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Equity-based compensation</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 848</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 854</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 854</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Shares delivered to Alcon employees <br>as a result of the Alcon spin-off
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 0
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 5
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 5
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 5
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Taxes on treasury share transactions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 14</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Decrease of treasury share repurchase obligation <br>under a share buyback trading plan
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 4.3
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 2&nbsp;809
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 2&nbsp;809
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 2&nbsp;809
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Changes in non-controlling interests</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -81</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -81</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Fair value adjustments on financial assets sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Value adjustments related to divestments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -34</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 34</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other movements</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 217</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 217</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 217</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total of other equity movements</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -44</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -14&nbsp;404</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 30</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -14&nbsp;429</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -81</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -14&nbsp;510</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total equity at December 31, 2022</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 890</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -92</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 63&nbsp;540</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -4&nbsp;996</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 59&nbsp;342</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 81</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 59&nbsp;423</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">23</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00220161"></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Consolidated statements of cash flows </font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b> (unaudited)
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Note</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;638</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;315</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Adjustments to reconcile net income from continuing operations to net cash flows from
               operating  activities from continuing operations
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Reversal of non-cash items and other adjustments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7.1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;791</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;756</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest received</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 163</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 133</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest paid</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -238</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -212</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in other financial receipts</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -18</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in other financial payments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes paid</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7.2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;093</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -334</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from operating activities from continuing operations <br>before working capital and provision changes
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 3&nbsp;284
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> <br> 3&nbsp;635
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Payments out of provisions and other net cash movements in non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -353</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -323</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in net current assets and other operating cash flow items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7.3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -384</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 456</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from operating activities from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;547</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;768</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows from operating activities from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 343</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows from operating activities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;547</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 4&nbsp;111</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of property, plant and equipment</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -406</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -306</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Proceeds from sale of property, plant and equipment</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 164</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 102</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -377</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -192</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Proceeds from sale of intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of financial assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -29</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Proceeds from sale of financial assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 147</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 12</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Acquisitions and divestments of interests in associated companies, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Acquisitions and divestments of businesses, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7.4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -7</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of marketable securities, commodities and time deposits</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -544</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -10&nbsp;548</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Proceeds from sale of marketable securities, commodities and time deposits</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 32</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 9&nbsp;651</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows used in investing activities from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -1&nbsp;022</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -1&nbsp;319</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows used in investing activities from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -738</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -148</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows used in investing activities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -1&nbsp;760</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -1&nbsp;467</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of treasury shares</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;251</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;678</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Proceeds from exercised options and other treasury share transactions, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in current financial debts</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 674</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;196</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Payments of lease liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -64</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -64</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financing cash flows, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 150</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -161</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows used in financing activities from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -496</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -4&nbsp;099</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows (used in)/from financing activities from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -111</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 105</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows used in financing activities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -607</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -3&nbsp;994</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net change in cash and cash equivalents before effect of exchange rate changes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 180</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -1&nbsp;350</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cash and cash equivalents from discontinued operations at September 30, 2023</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 648</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Effect of exchange rate changes on cash and cash equivalents</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 160</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 141</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net change in cash and cash equivalents</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 988</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -1&nbsp;209</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cash and cash equivalents at October 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 12&nbsp;405</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 8&nbsp;726</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Cash and cash equivalents at December 31</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13&nbsp;393</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 7&nbsp;517</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">24</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00220946"></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Consolidated statements of cash flows </font></div>
<div style="padding-bottom:10px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year </b>(audited)
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Note</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;572</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;049</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Adjustments to reconcile net income from continuing operations to net cash flows from
               operating  activities from continuing operations
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Reversal of non-cash items and other adjustments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7.1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10&nbsp;369</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 10&nbsp;631</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Dividends received from associated companies and others</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest received</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 645</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 252</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest paid</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -751</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -667</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financial receipts</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 90</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 71</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financial payments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -26</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes paid</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7.2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;787</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;702</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from operating activities from continuing operations <br>before working capital and provision changes
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> 16&nbsp;123
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> <br> 14&nbsp;609
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Payments out of provisions and other net cash movements in non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;534</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -774</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in net current assets and other operating cash flow items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7.3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -369</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -796</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from operating activities from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;220</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 13&nbsp;039</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows from operating activities from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 238</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;197</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows from operating activities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;458</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 14&nbsp;236</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of property, plant and equipment</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;060</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -916</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Proceeds from sale of property, plant and equipment</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 237</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 158</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;693</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;323</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Proceeds from sale of intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;955</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 170</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of financial assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -106</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -115</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Proceeds from sale of financial assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 348</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 133</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of other non-current assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Acquisitions and divestments of interests in associated companies, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -24</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Acquisitions and divestments of businesses, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7.4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3&nbsp;558</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -840</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of marketable securities, commodities and time deposits</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -641</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -34&nbsp;695</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Proceeds from sale of marketable securities, commodities and time deposits</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11&nbsp;248</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 39&nbsp;357</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from investing activities from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6&nbsp;719</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;904</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows used in investing activities from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;123</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -436</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows from investing activities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 5&nbsp;596</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;468</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Dividends paid to shareholders of Novartis AG</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7&nbsp;255</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -7&nbsp;506</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of treasury shares</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8&nbsp;719</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -10&nbsp;652</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Proceeds from exercised options and other treasury share transactions, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 153</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 100</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Repayments of the current portion of non-current financial debts</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;223</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;575</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in current financial debts</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 546</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 252</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Payments of lease liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -258</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -262</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financing cash flows, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 192</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -38</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows used in financing activities from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -17&nbsp;564</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -20&nbsp;681</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows from financing activities from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3&nbsp;286</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 119</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows used in financing activities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -14&nbsp;278</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -20&nbsp;562</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net change in cash and cash equivalents before effect of exchange rate changes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 5&nbsp;776</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -4&nbsp;858</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Effect of exchange rate changes on cash and cash equivalents</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 100</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -32</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net change in cash and cash equivalents</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 5&nbsp;876</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -4&nbsp;890</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cash and cash equivalents at January 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7&nbsp;517</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 12&nbsp;407</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Cash and cash equivalents at December 31</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13&nbsp;393</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 7&nbsp;517</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">The accompanying Notes form an integral part of the condensed consolidated financial
               statements
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">25</font><div style="padding-bottom:10px;"></div>
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   <div style="padding-bottom:30px;"></div>
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; "> &nbsp;</div><a name="anchorId00221807"></a><p style="font-family:arial,helvetica,sans-serif; font-size:24pt; color:#000000; font-weight:bold;">Notes to the Condensed Consolidated Financial Statements for&nbsp;the&nbsp;three month interim period (unaudited) and year ended December 31, 2023 (audited)</p><a name="anchorId00221811"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">1. Basis of preparation</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The consolidated financial statements of the Company are prepared in accordance with
   IFRS Accounting Standards as issued by the International Accounting Standards Board.
   They are prepared in accordance with the historical cost convention, except for items
   that are required to be accounted for at fair value. These Condensed Consolidated
   Financial Statements for the three month and year ended December 31, 2023, were prepared in accordance with International Accounting Standard 34  <i>Interim Financial Reporting </i>and accounting policies set out in the 2023 Annual Report published on January 31,
   2024.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">At the Novartis AG Extraordinary General Meeting, held on September 15, 2023, our
   shareholders approved the spin-off of the Sandoz business. Following the shareholder
   approval IFRS Accounting Standards require the Sandoz Division and selected portions
   of corporate activities attributable to Sandoz&#x2019;s business, as well as certain expenses
   related to the spin-off (the &#x201c;Sandoz business&#x201d;) to be reported as discontinued operations
   in the consolidated financial statements. As a result, the Sandoz business has been
   presented as discontinued operations in the consolidated financial statements. This
   requires the three months and year ended December 31, 2023 consolidated income statement,
   consolidated statement of comprehensive income and consolidated statement of cash
   flows to present separately continuing operations from discontinued operations, with
   comparative amounts in the prior years restated on a consistent basis. There is no
   requirement for the restatement of the December 31, 2022 consolidated balance sheet
   related to the assets and liabilities of the Sandoz business that were derecognized
   in 2023 as at the October 3, 2023 distribution date. For further information and disclosures,
   refer to Note 2, Note 3, and Note 13.
</div><a name="anchorId00221822"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">2. Selected critical accounting policies</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The Company&#x2019;s principal accounting policies are set out in Note 1 to the Consolidated
   Financial Statements in the 2023 Annual Report and conform with IFRS Accounting Standards
   as issued by the IASB.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The preparation of financial statements requires management to make certain estimates
   and assumptions, either at the balance sheet date or during the period, which affect
   the reported amounts of revenues, expenses, assets, liabilities, including the distribution
   liability and the non-cash, non-taxable gain recognized in connection with the distribution
   of Sandoz Group AG to Novartis AG shareholders, and contingent amounts.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Estimates are based on historical experience and other assumptions that are considered
   reasonable under the given circumstances and are regularly monitored. Actual outcomes
   and results could differ from those estimates and assumptions. Revisions to estimates
   are recognized in the period in which the estimate is revised.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">As disclosed in the 2023 Annual Report, goodwill, 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 Company&#x2019;s consolidated
   balance sheet has risen significantly in recent years, primarily from acquisitions.
   Impairment testing may lead to potentially significant impairment charges in the future
   that could have a materially adverse impact on the Company&#x2019;s results of operations
   and financial condition.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The Company&#x2019;s activities are not subject to significant seasonal fluctuations.</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Distribution of Sandoz Group AG to Novartis AG shareholders </font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">At the Extraordinary General Meeting (EGM) of Novartis AG shareholders, held on September
   15, 2023, the Novartis AG shareholders approved a special distribution by way of a
   dividend in kind to effect the spin-off of Sandoz Group AG.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The September 15, 2023, shareholder approval for the spin-off required the Sandoz
   Division and selected portions of corporate activities attributable to Sandoz&#x2019;s business,
   as well as certain expenses related to the spin-off (the &#x201c;Sandoz business&#x201d;) to be
   reported as discontinued operations.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The shareholder approval on September 15, 2023, for the spin-off the Sandoz business,
   required the recognition of a distribution liability at the fair value of the
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">26</font><div style="padding-bottom:10px;"></div>
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   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Sandoz business. Novartis policy is to measure the distribution liability at the fair
   value of the Sandoz business net assets taken as a whole. The distribution liability
   was recognized through a reduction in retained earnings. It was required to be adjusted
   at each balance sheet date for changes in its estimated fair value, up to the date
   of the distribution to shareholders through retained earnings. Any resulting impairment
   of the business assets to be distributed would have been recognized in the consolidated
   income statements in &#x201c;Other expense&#x201d; of discontinued operations, at the date of initial
   recognition of the distribution liability or at subsequent dates resulting from changes
   of the distribution liability valuation.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">At the October 4, 2023, distribution settlement date, the resulting gain, which is
   measured as the excess amount of the distribution liability over the then-carrying
   value of the net assets of the business distributed, was recognized on the line &#x201c;Gain
   on distribution of Sandoz Group AG to Novartis AG shareholders&#x201d; within the income
   statement of discontinued operations.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The recognition of the distribution liability required the use of valuation techniques
   for the purposes of impairment testing of the Sandoz business&#x2019; assets to be distributed
   and for the measurement of the fair value of the distribution liability. These valuations
   required the use of management assumptions and estimates related to the Sandoz business&#x2019;
   future cash flows, market multiples, opening share price of Sandoz Group AG on the
   first day of trading its shares on the SIX Swiss Exchange, to estimate day one market
   value, and control premiums to apply in estimating the Sandoz business fair value.
   These fair value measurements are classified as &#x201c;Level 3&#x201d; in the fair value hierarchy.
   The section &#x201c;&mdash;Goodwill and intangible assets other than goodwill&#x201d; in Note 1 to the Consolidated
   Financial Statements in the Annual Report 2023 provides additional information on
   key assumptions that are highly sensitive in the estimation of fair values using valuation
   techniques.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Transaction costs that are directly attributable to the Distribution (spin-off) of
   the Sandoz business to Novartis AG shareholders by way of a dividend in kind, and
   that would otherwise have been avoided, were accounted for as a deduction from equity
   (within retained earnings). Prior to the recognition of the distribution liability,
   these costs were recorded as prepaid expenses in the consolidated balance sheet.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">For additional disclosures, refer to Note 3 and Note 13.</div>
<div style="padding-bottom:10px;"></div>
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   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">27</font><div style="padding-bottom:10px;"></div>
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   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00221860"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">3. Significant transactions</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The Company applied the acquisition method of accounting for businesses acquired,
   and did not elect to apply the optional concentration test to account for acquired
   business as an asset separately acquired.
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Significant transactions 2023</font></div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Completion of the spin-off of the Sandoz business through a dividend in kind distribution
      to Novartis AG shareholders </font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">On July 18, 2023, Novartis announced that its Board of Directors had unanimously endorsed
   the proposed separation of the Sandoz business to create an independent company by
   way of a spin-off and to seek shareholder approval for the spin-off of the Sandoz
   business into a separately traded standalone company, following the complete structural
   separation of the Sandoz business into a standalone company (the Sandoz business or
   Sandoz Group AG) and subject to the satisfaction of certain conditions and Novartis
   AG shareholders&#x2019; approval.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">At the EGM held on September 15, 2023, Novartis AG shareholders approved a special
   distribution by way of a dividend in kind to effect the spin-off of Sandoz Group AG,
   subject to the completion of certain conditions precedent to the distribution. Upon
   shareholder approval, the Sandoz business was reported as discontinued operations
   and the distribution liability was recognized at its fair value, which exceeded the
   carrying value of the Sandoz business net assets.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The conditions precedent to the spin-off were met and on October 3, 2023 the spin-off
   of the Sandoz business was effected by way of a distribution of a dividend in kind
   of Sandoz Group AG shares to Novartis AG shareholders and American Depositary Receipt
   (ADR) holders (the Distribution). Through the Distribution, each Novartis AG shareholder
   received 1 Sandoz Group AG share for every 5 Novartis AG shares and each Novartis
   ADR holder received 1 Sandoz ADR for every 5 Novartis ADR that they held at the close
   of business on October 3, 2023. As of October 4, 2023, the shares of Sandoz Group
   AG have been listed on the SIX Swiss Exchange (SIX) under the stock symbol &#x201c;SDZ&#x201d;.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">On September 18, 2023, the Sandoz business entered into financing arrangements with
   a group of banks under which on September 28, 2023, it borrowed a total amount of
   USD 3.3 billion. These borrowings consisted of a bridge loan in EUR (EUR 2.4 billion)
   and term loans in EUR (EUR 0.2 billion) and USD (USD 0.5 billion). In addition, the
   Sandoz business borrowed approximately USD 0.4 billion under a number of local bilateral
   facilities in different countries. This resulted in a total gross debt of USD 3.7
   billion. These outstanding borrowings of the Sandoz business legal entities were recognized
   in the September 30, 2023 consolidated balance sheet within Liabilities related to
   discontinued operations and within financing activities cash flows from discontinued
   operations. Prior to the Distribution on October 3, 2023, Sandoz business legal entities
   paid approximately USD 3.3 billion in cash to Novartis and its affiliates through
   a series of intercompany transactions.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">At the Distribution date on October 3, 2023, the dividend in kind distribution liability
   to effect the Distribution (spin-off) of the Sandoz business amounted to USD 14.0
   billion, measured by reference to the October 4, 2023 opening Sandoz Group AG share
   price and applying a control premium. The dividend in kind distribution liability
   was recorded as a reduction to equity (retained earnings) and remained in excess of
   the then carrying value of the Sandoz business net assets, which amounted to USD 8.6
   billion (see Note 13).
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Certain consolidated foundations own Novartis AG dividend-bearing shares that restricts
   their availability for use by Novartis. These Novartis AG shares are accounted for
   as treasury shares. Through the Distribution, these foundations received Sandoz Group
   AG shares representing an approximate 4.31% equity interest in Sandoz Group AG. Upon
   the loss of control of Sandoz Group AG through the Distribution on October 3, 2023,
   the financial investment in Sandoz Group AG was recognized at its initial fair value
   based on the opening traded share price of Sandoz Group AG on October 4, 2023 (a Level
   1 hierarchy valuation). At initial recognition, on October 4, 2023, the Sandoz Group
   AG financial investment had a fair value of USD 0.5 billion, and was reported in the
   fourth quarter of 2023 on the consolidated balance sheet as a financial asset. Management
   has designated this investment at fair value through other comprehensive income.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The total non-taxable, non-cash gain recognized at the Distribution date of the spin-off
   of the Sandoz business amounted to USD 5.9 billion, which consists of:
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Oct 3,<br> 2023
            </div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net assets derecognized<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="20%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8&nbsp;647</div>
         </td>
         <td align="right" width="20%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Derecognition of distribution liability</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13&nbsp;962</div>
         </td>
         <td align="right">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Difference between net assets and distribution liability</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 5&nbsp;315</div>
         </td>
         <td align="right">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Recognition of Sandoz Group AG shares<br>obtained through consolidated foundations
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 492
            </div>
         </td>
         <td align="right">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Currency translation gains recycled into<br>the consolidated income statement
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 357
            </div>
         </td>
         <td align="right">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Transaction costs and other items recognized in the  consolidated income statement</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   -304</div>
         </td>
         <td align="right">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Gain on distribution of Sandoz Group AG to  Novartis AG shareholders</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   5&nbsp;860</div>
         </td>
         <td align="right">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="4">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="4">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> See Note 13 for additional information.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">For additional disclosures on discontinued operations, refer to Note 13.</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Acquisition of DTx Pharma Inc.</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In the second quarter of 2023, Novartis entered into an agreement to acquire all outstanding
   shares of DTx Pharma Inc. (DTx), a San-Diego, California US based, pre-clinical stage
   biotechnology company focused on leveraging its proprietary FALCON platform to develop
   siRNA therapies for neuroscience indications. DTx&#x2019;s lead program, DTx-1252 targets
   the root cause of CMT1A&mdash;the overexpression of PMP22, a protein that causes the myelin sheath that supports
   and insulates nerves in the peripheral nervous system to function abnormally. The

</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">28</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">transaction also includes two additional pre-clinical programs for other neuroscience
   indications. The transaction closed on July 14, 2023.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The purchase price consisted of a cash payment of USD 0.6 billion and potential additional
   milestones of up to USD 0.5 billion, which the DTx shareholders are eligible to receive
   upon the achievement of specified milestones.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The fair value of the total purchase consideration was USD 0.6 billion. The amount
   consisted of a cash payment of USD 0.6 billion and the fair value of contingent consideration
   of USD 309 million, which DTx shareholders are eligible to receive upon the achievement
   of specified milestones. The purchase price allocation resulted in net identifiable
   assets of USD 0.4 billion, consisting primarily of IPR&amp;D intangible assets of USD
   0.4 billion, cash of USD 0.1 billion and net deferred tax liabilities of 0.1 billion.
   Goodwill amounted to USD 0.2 billion.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The results of operations since the date of acquisition were not material.</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Acquisition of Chinook Therapeutics, Inc.</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">On June 12, 2023, Novartis entered into an agreement to acquire all outstanding shares
   of Chinook Therapeutics, Inc. (Chinook Therapeutics), a Seattle, Washington based
   clinical stage biopharmaceutical company with two late-stage medicines in development
   for rare, severe chronic kidney diseases. The acquisition closed on August 11, 2023.

</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The purchase price consisted of a cash payment of USD 3.2 billion and potential additional
   payments of up to USD 0.3 billion, which Chinook Therapeutics shareholders are eligible
   to receive upon the achievement of specified milestones.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The fair value of the total purchase consideration was USD 3.3 billion. The amount
   consisted of an upfront cash payment of USD 3.2 billion and the fair value of contingent
   consideration of USD 0.1 billion, which Chinook Therapeutics shareholders are eligible
   to receive upon achievement of specified milestones. The purchase price allocation
   resulted in net identifiable assets of USD 2.4 billion, consisting primarily of IPR&amp;D
   intangible assets of USD 2.5 billion, net deferred tax liabilities of USD 0.4 billion
   and other net assets of USD 0.3 billion, including cash of USD 0.1 billion. Goodwill
   amounted to USD 0.9 billion.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The results of operations since the date of acquisition were not material.</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Significant transactions in 2022</font></div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Acquisition of Gyroscope Therapeutics Holdings plc</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">On December 22, 2021, Novartis entered into an agreement to acquire all outstanding
   shares of Gyroscope Therapeutics Holdings plc (Gyroscope), a UK-based ocular gene
   therapy company. Gyroscope focuses on the discovery and development of gene therapy
   treatments for retinal indications. The purchase price consisted of a cash payment
   of USD 0.8 billion, subject to certain customary purchase price adjustments, and potential additional
   milestone payments of up to USD 0.7 billion, which Gyroscope shareholders are eligible to receive upon achievement of
   specified milestones. The acquisition closed on February 17, 2022.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The fair value of the total purchase consideration was USD 1.0 billion. The amount consisted of an upfront cash payment of USD 0.8 billion (including customary purchase price adjustments) and the fair value of contingent
   consideration of USD 0.2 billion, which Gyroscope shareholders are eligible to receive upon achievement of
   specified milestones. The purchase price allocation resulted in net identifiable assets
   of USD 0.9 billion, consisting primarily of IPR&amp;D intangible assets of USD 1.1 billion and net deferred tax liabilities of USD 0.2 billion. Goodwill amounted to USD 0.1 billion.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The 2022 results of operations since the date of acquisition were not material.</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">29</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00222038"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">4. Summary of equity attributable to Novartis AG shareholders </div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">       </div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Number of outstanding shares  (in millions)    </div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Issued share capital and  reserves attributable to   Novartis AG shareholders  (in USD millions)</div>
         </td>
         <td></td>
      </tr>
      <tr bgcolor="white">
         <td height="3"></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>
      </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 colspan="3" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td colspan="3" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
      </tr>
      <tr bgcolor="white">
         <td height="3"></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>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Note</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Balance at beginning of year</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;119.6</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 2&nbsp;234.9</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 59&nbsp;342</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 67&nbsp;655</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Shares acquired to be canceled</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -87.5</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -126.2</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8&nbsp;369</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="8%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -10&nbsp;787</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other share purchases</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1.6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1.4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -148</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -123</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Exercise of options and employee transactions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2.8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 146</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 88</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Equity-based compensation</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10.4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 10.4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 904</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 854</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Shares delivered to Alcon employees as a result of the Alcon spin-off</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.0</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Shares delivered to Sandoz employees as a result of the Sandoz spin-off</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0.3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 30</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Taxes on treasury share transactions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 14</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Decrease of treasury share repurchase obligation <br>under a share buyback trading plan
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 4.3
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 2&nbsp;809
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Transaction costs, net of taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -214</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Dividends</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7&nbsp;255</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -7&nbsp;506</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Dividend in kind</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -13&nbsp;962</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income of the period attributable to shareholders of Novartis AG</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14&nbsp;850</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 6&nbsp;955</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other comprehensive income attributable to shareholders of Novartis AG</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;200</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -839</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other movements</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4.5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 129</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 217</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Balance at December 31</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;044.0</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 2&nbsp;119.6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 46&nbsp;667</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 59&nbsp;342</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
      </tr>
      <tr>
         <td colspan="12" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
   </table>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">4.1. In 2023 Novartis AG reduced its share capital by canceling the 126.2 million
   of shares that were repurchased on the SIX Swiss Exchange second trading line during
   the previous year.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In addition, in connection with the Distribution (spin-off) of Sandoz business, Novartis
   AG shareholders approved at the 2023 EGM held on September 15, 2023, a decrease in
   Novartis AG share capital in the amount of CHF 22.8 million (USD 17.1 million). The
   capital decrease resulted in a reduction of the nominal value of the Novartis AG shares
   by CHF 0.01 from CHF 0.50 per share to CHF 0.49 per share.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In 2022 Novartis AG reduced its share capital by canceling 30.7 million of shares
   that were repurchased on the SIX Swiss Exchange second trading line during the previous
   year.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">4.2. At December 31, 2022, the market maker held 3 million written call options, originally issued as part of the share-based compensation
   for employees, that had not yet been exercised. The weighted average exercise price
   of these options at December 31, 2022, was USD 66.07, and they had contractual lives of 10 years, with remaining lives less than one year. In the first quarter of 2023, the market maker exercised 3 million written
   call options and as a result there are no written call option outstanding at December 31, 2023.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">4.3. In December 2021, Novartis entered into an irrevocable, non-discretionary arrangement
   with a bank to repurchase Novartis shares on the second trading line under its up-to
   USD 15.0 billion share buyback. The arrangement was updated in July 2022, December 2022, and
   May 2023, and concluded in June 2023.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In June 2023, Novartis entered into an irrevocable, non-discretionary arrangement
   with a bank to repurchase 11.7 million Novartis shares on the second trading line,
   which concluded in July 2023.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In July 2023, Novartis entered into a new irrevocable, non-discretionary arrangement
   with a bank to repurchase Novartis shares on the second trading line under its new
   up-to USD 15.0 billion share buyback. Novartis is able to cancel this arrangement
   but may be subject to a 90-day waiting period under certain conditions. As of December
   31, 2023, these waiting period conditions were not applicable and as a result, there
   was no requirement to record a liability under this arrangement as of December, 31
   2023.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">4.4. Transaction costs in 2023 of USD 214 million, net of tax of USD 29 million, that
   are directly attributable to the Distribution (spin-off) of Sandoz business to Novartis
   AG shareholders and that would otherwise have been avoided, are recorded as a deduction
   from equity (retained earnings). See Note 2.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">4.5. Other movements include, for subsidiaries in hyper- inflationary economies, the
   impact of the application of IAS 29 &#x201c;Financial reporting in Hyperinflation Economies&#x201d;.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">30</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00222603"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">5. Income taxes</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The Company applies the IFRS Accounting Standards exception to not recognize or disclose
   information about deferred tax assets and deferred tax liabilities related to countries
   that have enacted tax legislation that comply with the Organization for Economic Cooperation
   and Development (OECD) Pillar Two income taxes.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In December 2021, the OECD issued model rules for a new global minimum tax framework
   (Pillar Two). Novartis is within the scope of the OECD Pillar Two model rules. A number
   of governments in countries in which Novartis operates are in the process of enacting
   or have enacted tax legislation to comply with Pillar Two. Of the major countries
   in which we operate, only the enactment of Pillar Two tax legislation in Switzerland
   is expected to have an impact to our income tax provision as from 2024.  In December
   2023, Switzerland decided to partially implement Pillar Two, whereby effective from
   January 1, 2024, a 15% minimum taxation will be assessed on Pillar Two qualifying
   profits earned by companies domiciled in Switzerland (Qualified Domestic Minimum Top-Up
   Tax). This Qualified Domestic Minimum Top-Up Tax will not be applied to the Pillar
   Two qualifying profits earned by a company&#x2019;s affiliates domiciled in tax jurisdictions
   outside of Switzerland. The timing of implementation and the specific provisions of
   any further Pillar Two tax regulations in Switzerland remains subject to further assessments
   at both the Federal and Cantonal levels. The Company estimates that the impact of
   these changes to tax legislation in the respective countries that have (substantively)
   enacted Pillar Two tax legislation in 2023 would not be material to our consolidated
   financial position, income statement and cash flows.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">31</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00222611"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">6. Financial instruments </div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Fair value by hierarchy</font></div>
<div style="padding-bottom:10px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The following table illustrates the three hierarchical levels for valuing financial
   instruments at fair value as of December 31, 2023, and December&nbsp;31, 2022. For additional information on the hierarchies and other matters, please
   refer to the Consolidated Financial Statements in the 2023 Annual Report, published
   on January 31, 2024.
</div>
<div style="padding-top:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; "> &nbsp;</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Level 1</div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Level 2</div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Level 3</div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Total</div>
         </td>
         <td></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>
      </tr>
      <tr>
         <td height="1"></td>
         <td height="1"></td>
         <td colspan="3" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td colspan="3" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td colspan="3" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td colspan="3" style="border-bottom: solid #000000 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>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Dec 31, <br> 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Dec 31, <br> 2022
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Dec 31, <br> 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Dec 31, <br> 2022
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Dec 31, <br> 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Dec 31, <br> 2022
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Dec 31, <br> 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Dec 31, <br> 2022
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Financial assets</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Cash and cash equivalents</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Debt securities</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 50</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 50</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total cash and cash equivalents at fair value</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 50</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 50</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="5%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Marketable securities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Debt securities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 9</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Derivative financial instruments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 355</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 204</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 355</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 204</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total marketable securities and derivative  financial instruments at fair value</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   355</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   213</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   355</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   213</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Current contingent consideration receivables</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 65</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 43</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 65</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 43</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Current fund investments and equity securities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 94</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 31</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 125</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Long-term financial investments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Debt and equity securities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 796</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 473</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 616</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 699</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;432</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;182</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Fund investments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 183</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 261</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 190</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 281</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Non-current contingent consideration receivables</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 553</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 607</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 553</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 607</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total long-term financial investments at fair value</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 803</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 493</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;352</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;567</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;175</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 2&nbsp;070</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Associated companies at fair value through profit or loss</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 101</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 129</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 101</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 129</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Financial liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Current contingent consideration liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -131</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -131</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Current other financial liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -88</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -88</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Derivative financial instruments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -91</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -55</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -91</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -55</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total current financial liabilities at fair value</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -91</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -55</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -102</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -131</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -193</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -186</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Non-current contingent consideration liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -389</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -704</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -389</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -704</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Non-current other financial liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -232</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -232</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total non-current financial liabilities at fair value</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -389</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -936</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -389</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -936</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="18" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="18">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
   </table>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In 2023, there were three transfers of equity securities from Level 3 to Level 1 for
   USD 63 million mainly due to Initial Public Offering.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The fair value of straight bonds amounted to USD 19.2 billion at December 31, 2023
   (USD 20.3 billion at December 31, 2022) compared with the carrying amount of USD 20.6 billion
   at December 31, 2023 (USD 22.3 billion at December 31, 2022). For all other financial assets and liabilities, the
   carrying amount is a reasonable approximation of the fair value.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The carrying amount of financial assets included in the line total long-term financial
   investments of USD 2.2 billion at December 31, 2023 (USD 2.1 billion at December 31, 2022) is included in the line &#x201c;Financial assets&#x201d; of the consolidated
   balance sheets. The carrying amount of financial assets included in the line current
   financial investments - equity securities of USD 125 million at December 31, 2023
   (nil at December 31, 2022) is included in the line &#x201c;Other current assets&#x201d; of the consolidated
   balance sheets. The carrying amount of non-current contingent consideration liabilities
   and non-current other financial liabilities included in the line total non-current
   financial liabilities at fair value of USD 0.4 billion at December 31, 2023 (USD 0.9 billion at December 31, 2022) is included in the line &#x201c;Provisions and other non-current
   liabilities&#x201d; of the consolidated balance sheet.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The Company&#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.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">32</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00223710"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">7. Details to the consolidated statements of&nbsp;cash&nbsp;flows </div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">7.1. Non-cash items and other adjustments from continuing operations</font></div>
<div style="padding-top:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The following table shows the reversal of non-cash items and other adjustments in
   the consolidated statements of cash flows.
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Depreciation, amortization and impairments on:</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Property, plant and equipment</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 246</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 349</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Right-of-use assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 66</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 70</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;276</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;403</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Financial assets<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 37</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -28</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in provisions and other non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -171</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 483</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Losses/(gains) on disposal and other adjustments on property, plant and equipment;
               intangible assets; <br>financial assets; and other non-current assets, net
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 101
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> -127
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Equity-settled compensation expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 248</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 189</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Loss from associated companies</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -261</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 254</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net financial expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 199</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 183</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 44</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -23</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;791</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 2&nbsp;756</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Includes fair value changes
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Depreciation, amortization and impairments on:</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Property, plant and equipment</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;006</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;374</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Right-of-use assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 263</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 270</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7&nbsp;008</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 5&nbsp;061</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Financial assets<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 106</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 260</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in provisions and other non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 61</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;318</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Gains on disposal and other adjustments on property, plant and equipment; intangible
               assets; <br>financial assets; and other non-current assets, net
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> -180
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> -308
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Equity-settled compensation expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 865</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 791</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Loss from associated companies</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 551</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;128</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net financial expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 633</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 758</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 43</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -32</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 10&nbsp;369</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 10&nbsp;631</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Includes fair value changes
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In the fourth quarter of 2023 and 2022, there were no additions to intangible assets with deferred payments. </div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In the fourth quarter of 2023, there were USD 183 million (Q4 2022: USD 50 million)
   additions to right-of-use assets recognized.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In 2023, other than through business combinations, there were no additions to intangible assets with deferred payments (2022: USD 635 million). </div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In 2023, there were USD 421 million (2022: USD 216 million) additions to right-of-use
   assets recognized.
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">7.2. Total amount of income taxes paid</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In 2023, the total amount of income taxes paid by continuing operations was USD 2
   787 million (Q4 2023: USD 1 093 million) and by discontinued operations was USD 162
   million (Q4 2023: nil), which was included within &#x201c;Net cash flows from operating activities
   from discontinued operations.&#x201d; In 2023, the total amount of income taxes paid by the
   Company was USD 2 949 million (Q4 2023: USD 1 093 million).
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In 2022, the total amount of income taxes paid by continuing operations was USD 1
   702 million (Q4 2022: USD 334 million) and by discontinued operations was USD 273
   million (Q4 2022: USD 82 million), which was included within &#x201c;Net cash flows from
   operating activities from discontinued operations.&#x201d; In 2022, the total amount of income
   taxes paid by the Company was USD 1 975 million (Q4 2022: USD 416 million).
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">33</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">7.3.</font><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;"> </font><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Cash flows from changes in working capital and other operating items included in the
      net cash flows from operating activities from continuing operations</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">(Increase)/decrease in inventories</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 33</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -46</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -546</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -560</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">(Increase)/decrease in trade receivables</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -240</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 428</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;504</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -397</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Increase/(decrease) in trade payables</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 564</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 144</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 479</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -181</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in other current and non-current assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -41</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -125</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -84</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in other current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -700</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -72</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;327</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 426</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -384</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 456</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -369</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -796</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 3px;"></td>
      </tr>
   </table>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">7.4. Cash flows arising from acquisitions and divestments of businesses, net</font></div>
<div style="padding-top:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The following table is a summary of the cash flow impact of acquisitions and divestments
   of businesses. The most significant transactions are described in Note 3.
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net assets recognized as a result of acquisitions of businesses</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -3</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -3&nbsp;699</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -1&nbsp;077</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Fair value of previously held equity interests</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 21</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Contingent consideration payable, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 146</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 224</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Payments, deferred consideration and other adjustments, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -34</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Cash flows used for acquisitions of businesses</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -3&nbsp;561</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -832</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Cash flows (used for)/from divestments of businesses, net<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -8</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Cash flows used for acquisitions and divestments of businesses, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -3&nbsp;558</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -840</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> In  2023, USD  3  million (Q4 2023: USD  2  million net cash outflows) represented the net cash inflows from divestments in prior
               years.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup> In 2022, USD  8  million (Q4 2022: USD  5  million) net cash outflows from divestments of businesses included USD  20  million (Q4 2022: nil) reduction to cash and cash equivalents due to the derecognized cash and cash equivalents
               following a loss of control of a company upon expiry of an option to purchase the
               company, partly offset by USD  12  million net cash inflows (Q4 2022: USD  5  million net cash outflows) from business divestments in 2022 and in prior years.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup> In 2022, the net identifiable assets of divested businesses amounted to USD  139  million (Q4 2022: USD  33  million), comprised of non-current assets of USD  127  million (Q4 2022: USD  14  million), current assets of USD  70  million (Q4 2022: USD  48  million), including USD  62  million (Q4 2022: USD  42  million) cash and cash equivalents and of non-current and current liabilities of
               USD  58  million (Q4 2022: USD  29  million). The deferred sale price receivable and other adjustments amounted to USD
                19  million (Q4 2022: USD  19  million).
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Note 3 and Note 8 provide further information regarding acquisitions and divestments
   of businesses. All acquisitions were for cash.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">34</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00224616"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">8. Acquisitions of businesses</div>
<div style="padding-top:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Fair value of assets and liabilities arising from acquisitions of businesses:</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Property, plant and equipment</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 13</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Right-of-use assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 12</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Acquired research and development</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;931</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;209</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Deferred tax assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 34</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 56</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Non-current financial and other assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 164</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Trade receivable and financial and other current assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 183</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cash and cash equivalents</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 226</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 89</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Deferred tax liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -474</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -300</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Current and non-current lease liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -51</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -12</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Trade payables and other liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -231</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -67</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net identifiable assets acquired</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;831</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;005</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Acquired cash and cash equivalents</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -226</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -89</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Goodwill</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;094</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 161</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net assets recognized as a result of acquisitions of businesses<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;699</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;077</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> All net assets recognized relate to business combinations of continuing operations.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Note 3 details significant acquisitions of businesses, specifically the acquisition
   of DTx Pharma and Chinook Therapeutics in the third quarter of 2023, and of Gyroscope
   in 2022. The goodwill arising out of the acquisitions was mainly attributable to synergies,
   the accounting for deferred tax liabilities on acquired assets and the assembled workforce.
   None of the goodwill was tax deductible.
</div><a name="anchorId00224853"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">9. Legal proceedings update</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">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 Company 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 2022 Annual Report
   and 2022 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 January 30, 2024, of significant developments in those proceedings,
   as well as any new significant proceedings commenced since the date of the 2022 Annual
   Report and 2022 Form 20-F.
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Investigations and related litigations </font></div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Lucentis/Avastin&#xae; matters</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In connection with an investigation into whether Novartis entities, F. Hoffmann-La
   Roche AG, Genentech Inc. and Roche S.p.A. colluded to artificially preserve the market
   positions of Avastin&#xae; and Lucentis, in 2014 the Italian Competition Authority (ICA)
   imposed a fine equivalent to USD 125 million on the Novartis entities. Novartis paid the fine, subject to the right to
   later claim recoupment, and appealed before the Consiglio di Stato (CdS). In 2014
   and 2015, the Italian Ministry of Health and the Lombardia region sent letters with
   payment requests for a total equivalent of approximately USD 1.3 billion in damages from Novartis and Roche entities based on these allegations. In
   2019, the CdS upheld the ICA decision and fine. Following that CdS decision, several
   additional Italian regions and hospitals sent letters claiming damages for an aggregate
   amount of approximately USD 330 million. None of these claims have been asserted in legal proceedings. Novartis filed
   a revocation action before the CdS in 2019 and a further appeal before the Supreme
   Court in 2020. Respectively in October 2021 and May 2023, the Supreme Court and the
   CdS rejected Novartis&#x2019;s actions.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The ICA decision is now final.</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In 2019, the French Competition Authority (FCA) issued a Statement of Objections against
   Novartis entities, alleging anti-competitive practices on the French market for anti-vascular
   endothelial growth factor treatments for wet age-related macular degeneration from
   2008 to 2013. In 2020, the FCA issued a decision
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">35</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">finding that the Novartis entities had infringed competition law by abusing a dominant
   position and imposing a fine equivalent to approximately USD 452 million. Novartis paid the fine, again subject to recoupment, and appealed the FCA&#x2019;s
   decision. In February 2023, the Paris Court of Appeal (Court) overturned the FCA&#x2019;s
   decision which triggered the reimbursement of the originally paid fine (recorded as
   &#x201c;Other income&#x201d; in the Company&#x2019;s consolidated income statement), and, in March 2023,
   the FCA appealed the Court&#x2019;s decision. Novartis is the subject of similar investigations
   and proceedings involving the competition authority in Greece and is currently in
   an appeal process in Turkey. Novartis continues to vigorously contest all claims in
   both countries. A similar matter involving the competition authority in Belgium is
   concluded. Novartis is also challenging policies and regulations allowing off-label/unlicensed
   use and reimbursement for economic reasons in Turkey.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Greece Investigation</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The Greek authorities are investigating legacy allegations of potentially inappropriate
   economic benefits to healthcare providers, government officials and others in Greece.
   These authorities include the Greek Coordinating Body for Inspection and Control,
   and the Greek Body of Prosecution of Financial Crime (SDOE), from which the Company
   received a summons in 2018 and 2020. Novartis has cooperated in these investigations.
   In 2021, SDOE imposed on Novartis Hellas a fine equivalent to approximately USD 1.2
   million; Novartis Hellas appealed the fine and, in September 2023, the Court overturned
   the decision and fine. The Greek State filed an appeal. In 2022, the Greek State served
   a civil lawsuit on Novartis Hellas, seeking approximately USD 225 million for moral
   damages allegedly arising from the conduct that was the subject of the Company&#x2019;s 2020
   settlement with the US Department of Justice (DOJ) regarding allegations of inappropriate
   economic benefits in Greece that was disclosed in the 2020 Annual Report and the 2020
   Form 20-F. The claims are being vigorously contested.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Inflation Reduction Act (IRA) litigation</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In 2023, following the U.S. government&#x2019;s selection of Entresto for the first round
   of the IRA&#x2019;s &#x201c;Medicare Drug Price Negotiation Program,&#x201d; NPC filed a complaint in the
   U.S. District Court (USDC) for the District of New Jersey on the grounds that those
   drug price-setting provisions are unconstitutional under the First, Fifth and Eighth
   Amendments to the U.S. Constitution.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">U.S. Government Foreign Corrupt Practices Act (FCPA) investigations &ndash; Concluded matter</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">As previously disclosed in Note 20 to the Consolidated Financial Statements in our
   2020 Annual Report, Novartis reached settlements with the DOJ and the US Securities
   and Exchange Commission (SEC) that resolved all FCPA investigations into historical
   conduct by Novartis and its subsidiaries. To resolve the DOJ investigation, Novartis
   Hellas S.A.C.I. entered into a deferred prosecution agreement (DPA) with the DOJ.
   To resolve the SEC investigation, Novartis AG reached an agreement that resulted in
   an Order issued by the SEC. The DPA and the Order each contained certain reporting
   and compliance obligations for a three-year term, which ended on June 26, 2023. On
   December 21, 2023, the court formally dismissed the Information filed against Novartis
   Hellas S.A.C.I. at the request of the DOJ. This matter is now concluded.
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Antitrust class actions</font></div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Exforge</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Since 2018, Novartis Group companies as well as other pharmaceutical companies have
   been sued by various direct and indirect purchasers of <i>Exforge</i> in multiple US individual and putative class action complaints. They claim that Novartis
   made a reverse payment in the form of an agreement not to launch an authorized generic,
   alleging violations of federal antitrust law and state antitrust, consumer protection
   and common laws, and seeking damages as well as injunctive relief. The cases were
   consolidated in the S.D.N.Y. In 2022, Novartis agreed to a settlement in principle
   to pay USD&nbsp;245 million to resolve these cases. In Q1 2023 Novartis paid USD 245 million to fund the required trust accounts. Certain of these settlements were subject
   to court approval, a process that was completed in October 2023, which means the matters
   are finally disposed of and completed.
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Discontinued operations</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">On October 4, 2023, the separation and spin-off of the Sandoz business was completed
   (see Note 2). Pursuant to the Separation and Distribution Agreement between Novartis
   and Sandoz entered into in connection with that separation and spin-off, Sandoz and
   Novartis agreed, subject to certain limitations, exclusions and conditions, that Sandoz
   would retain or assume (as applicable) liabilities, including pending and future claims,
   which relate to the spun-off Sandoz business (whether arising prior to, at or after
   the date of execution of the Separation and Distribution Agreement), including the
   matters described below (the description of which was accurate as at the time of the
   spin-off). Additionally, pursuant to the Separation and Distribution Agreement, Sandoz
   has agreed to indemnify Novartis and each of its directors, officers, managers, members,
   agents and employees against liabilities incurred in connection with the spun-off
   Sandoz business, including the matters described below.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Government generic pricing antitrust investigations, antitrust class actions in the
      United States</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Since 2016, Sandoz Inc. has been part of an investigation into alleged price fixing
   and market allocation of generic drugs in the United States.  In 2020, Sandoz Inc.
   reached a resolution with the DOJ Antitrust Division, pursuant to which Sandoz Inc.
   paid USD 195 million and entered into a deferred prosecution agreement (DPA). The
   Sandoz Inc. resolution related to instances of misconduct at the Company between 2013
   and 2015 with regard to certain generic drugs sold in the United States. The term
   of the DPA concluded in March 2023 and the underlying matter has been dismissed. Sandoz
   Inc. also finalized a resolution with the DOJ Civil Division and in 2021 paid USD
   185 million to settle related claims arising under the False Claims Act, and entered
   into a corporate integrity agreement with the Office of Inspector
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">36</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
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   <div style="padding-bottom:30px;"></div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">General (OIG) of the US Department of Health and Human Services (HHS). This resolved
   all federal government matters related to price fixing allegations.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Since the third quarter of 2016, Sandoz Inc. and Fougera Pharmaceuticals Inc. have
   been sued alongside other generic pharmaceutical companies in numerous related individual
   and putative class action complaints by direct and indirect private purchasers and
   by over 50 US states and territories, represented by their respective Attorneys General.
   Plaintiffs claim that defendants, including Sandoz Inc., engaged in price fixing and
   market allocation of generic drugs in the United States, and seek damages and injunctive
   relief. The litigation includes complaints alleging product-specific conspiracies,
   as well as complaints alleging the existence of an overarching industry conspiracy,
   and assert claims for damages and penalties under federal and state antitrust and
   consumer protection acts. The cases have been consolidated for pretrial purposes in
   the USDC for the Eastern District of Pennsylvania, and as at the date of the spin-off
   of Sandoz the claims are being vigorously contested by Sandoz.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Government opioid litigation in the United States and Canada relating to Sandoz products</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Sandoz and Novartis entities are named as defendants in opioids litigation in the
   US and Canada. In the US, Sandoz is named in more than 600 complaints filed in multidistrict
   litigation (MDL) in US federal court in the Northern District of Ohio and 149 of those
   cases also name Novartis AG and/or NPC. In addition to the MDL, fewer than 10 lawsuits
   have been filed against Sandoz and, in certain cases, certain Novartis entities in
   US state and federal courts. The plaintiffs are various US political subdivisions
   (including certain cities, counties, states, other governmental agencies and tribes),
   school districts, hospitals and third-party payors, and they seek civil damages under
   various state law grounds, including consumer protection and nuisance, allegedly arising
   from the manufacture, promotion, sale and distribution of opioids. On August 31, 2023,
   Sandoz entered into a settlement for the opioids litigation in the US. Under the settlement,
   Sandoz will pay USD 100 million into a qualified settlement fund administered by a
   third party within 30 days of the time when 85% of plaintiffs who filed cases against
   Sandoz agree to participate in the settlement. The deadline for plaintiffs to elect
   to participate in the settlement is January 31, 2024, although that date can be extended.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In Canada, Sandoz has been named in 6 class actions initiated in the provinces of
   British Columbia, Ontario, Alberta, Saskatchewan, and Qu&#xe9;bec. As at the date of the
   spin-off of Sandoz the claims are being vigorously contested by Sandoz.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">In addition to the matters described above, there have been other non-material developments
   in the other legal matters described in Note 20 to the Consolidated Financial Statements
   contained in our 2022 Annual Report and 2022 Form 20-F.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Novartis believes that its total provisions for investigations, product liability,
   arbitration and other legal matters are adequate based upon currently available information.
   However, given the inherent difficulties in estimating liabilities, there can be no
   assurance that additional liabilities and costs will not be incurred beyond the amounts
   provided.
</div><a name="anchorId00224935"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">10. Operating segment </div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Prior to the September 15, 2023, shareholders&#x2019; approval of the spin-off of the Sandoz
   business (refer to Note 1, Note 2 and Note 3 for additional information), the businesses
   of Novartis were divided operationally on a worldwide basis into two identified reporting segments: Innovative Medicines Division and the Sandoz Division.
   In addition, we separately reported Corporate activities.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Following the September 15, 2023, shareholders&#x2019; approval of the spin-off of the Sandoz
   business, the Company reported its consolidated financial statements for the current
   and prior years as &#x201c;continuing operations&#x201d; and &#x201c;discontinued operations&#x201d; (see Note
   1, Note 2 and Note 3).
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Continuing operations include the retained business activities of Novartis, comprising
   the innovative medicines business (previously the Innovative Medicines Division) and
   the continuing corporate activities.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Discontinued operations include the Sandoz generic pharmaceuticals and biosimilars
   business (the Sandoz Division) and certain corporate activities attributable to Sandoz&#x2019;s
   business, as well as certain expenses related to the spin-off. Included in 2023 is
   also the IFRS Accounting Standards non-cash, non-taxable net gain on the Distribution
   of Sandoz Group AG to Novartis AG shareholders. For further details and disclosures
   on discontinued operations, refer to Note 2, Note 3 and Note 13.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Effective January 1, 2023, the Sandoz business bio-technology manufacturing services
   to other companies&#x2019; activities and the <i>Coartem</i> brand were transferred to the Novartis continuing operations. The financial information
   of the Novartis continuing operations and discontinued operations were accordingly
   adapted in 2023 and prior years, in compliance with IFRS Accounting Standards. This
   restatement had no impact on the reported financial results and consolidated balance
   sheet of the total Company.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The Company&#x2019;s continuing operations is engaged in the research, development, manufacturing,
   distribution, and commercialization and sale of innovative medicines, with a focus
   on the core therapeutic areas: cardiovascular, renal and metabolic; immunology; neuroscience;
   oncology; and established brands.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Following the spin-off of the Sandoz business, on October 3, 2023, Novartis operates
   as a single global operating segment innovative medicines company that is engaged
   in the research, development,
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">37</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">manufacturing, distribution and commercialization and sale of innovative medicines.
   The Company&#x2019;s research, development manufacturing and supply of products and functional
   activities are managed globally on a vertically integrated basis. Commercial efforts
   that coordinate marketing, sales and distribution of these products are organized
   by geographic region, therapeutic area and established brands.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The Executive Committee of Novartis (ECN), chaired by the CEO, is the governance body
   responsible for allocating resources and assessing the business performance of the
   operating segment of the Company on a global basis and is the chief operating decision-maker
   (CODM) for the Company.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The determination of a single operating segment is consistent with the financial information
   regularly reviewed by the CODM for purposes of assessing performance and allocating
   resources.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">See Note 11 for revenues and geographic information disclosures.</div><a name="anchorId00224966"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">11. Revenues and geographic information</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Net sales </font></div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net sales information</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Net sales from continuing operations comprise the following:</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net sales to third parties from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 11&nbsp;423</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 10&nbsp;379</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 44&nbsp;635</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 41&nbsp;385</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Sales to discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 197</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 805</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 821</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net sales from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 11&nbsp;423</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 10&nbsp;576</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 45&nbsp;440</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 42&nbsp;206</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 3px;"></td>
      </tr>
   </table>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net sales from continuing operations by region<sup>1</sup></font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023<br> USD m
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022<br> USD m
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change<br> USD
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change<br> cc<sup style="white-space: nowrap">  2</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023<br> % of total
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022<br> % of total
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;US</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4&nbsp;763</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 4&nbsp;218</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 42</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 40</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Europe</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3&nbsp;716</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 3&nbsp;595</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 33</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 34</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Asia/Africa/Australasia</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;231</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;034</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 19</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Canada and Latin America</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 713</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 729</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 7</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 11&nbsp;423</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 10&nbsp;576</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 100</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 100</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Of which in established markets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8&nbsp;655</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 7&nbsp;985</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 76</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 76</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Of which in emerging growth markets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;768</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;591</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 24</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 24</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Net sales from continuing operations by location of customer. Emerging growth markets
               comprise all markets other than the established markets of the US, Canada, Western
               Europe, Japan, Australia and New Zealand. Novartis definition of Western Europe includes
               Austria, Belgium, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg,
               Malta, The Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United
               Kingdom.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Constant currencies (cc) is a non-IFRS measure. A definition of non-IFRS measures
               used by Novartis can be found starting on page 49.
            </div>
         </td>
      </tr>
   </table>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net sales from continuing operations by region<sup>1</sup></font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023<br> USD m
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022<br> USD m
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change<br> USD
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change<br> cc<sup style="white-space: nowrap">  2</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023<br> % of total
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022<br> % of total
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;US</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17&nbsp;959</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 15&nbsp;935</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 40</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 38</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Europe</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14&nbsp;997</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 14&nbsp;371</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 33</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 34</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Asia/Africa/Australasia</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9&nbsp;308</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 8&nbsp;978</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 21</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Canada and Latin America</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3&nbsp;176</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;922</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 7</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 45&nbsp;440</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 42&nbsp;206</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 100</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 100</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Of which in established markets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 33&nbsp;725</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 31&nbsp;386</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 74</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 74</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">&nbsp;&nbsp;&nbsp;Of which in emerging growth markets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11&nbsp;715</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 10&nbsp;820</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 26</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Net sales from continuing operations by location of customer. Emerging growth markets
               comprise all markets other than the established markets of the US, Canada, Western
               Europe, Japan, Australia and New Zealand. Novartis definition of Western Europe includes
               Austria, Belgium, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg,
               Malta, The Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United
               Kingdom.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Constant currencies (cc) is a non-IFRS measure. A definition of non-IFRS measures
               used by Novartis can be found starting on page 49.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">38</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net sales from continuing operations by core therapeutic area and established brands
      </font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> USD m<sup style="white-space: nowrap"> 1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> cc<sup style="white-space: nowrap"> 2</sup></div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Cardiovascular, renal and metabolic</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Entresto</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;635</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;291</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 27</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Leqvio</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 123</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 42</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 193</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 190</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total cardiovascular, renal and metabolic</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;759</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;333</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 32</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 32</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Immunology</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Cosentyx</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;303</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;080</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 21</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 21</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Xolair<sup style="white-space: nowrap">&nbsp;3</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 378</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 323</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Ilaris</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 376</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 301</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 29</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total immunology</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;057</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;704</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 21</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 21</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Neuroscience</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kesimpta</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 641</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 369</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 74</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 73</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Zolgensma</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 286</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 309</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Mayzent</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 106</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 99</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Aimovig</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 69</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 59</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total neuroscience</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;102</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 836</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 32</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 33</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Oncology</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Promacta/Revolade</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 563</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 540</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kisqali</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 610</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 357</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 71</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 76</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Tafinlar</I> + <I>Mekinist</I></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 486</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 465</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Tasigna</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 446</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 475</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Jakavi</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 444</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 388</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Pluvicto</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 273</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 179</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 53</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 53</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Lutathera</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 147</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 128</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kymriah</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 120</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 139</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -14</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Piqray/Vijoice</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 131</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 112</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Scemblix</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 125</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 52</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 140</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 143</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Votrient</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 77</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 103</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -26</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Adakveo</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 45</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 51</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Tabrecta</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 41</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 36</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total oncology</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;508</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;025</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 17</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total promoted brands</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;426</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;898</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 23</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Established brands</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Lucentis</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 301</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 398</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -24</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Sandostatin</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 316</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 305</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Gilenya</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 154</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 346</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -55</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -55</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Exforge</I> Group</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 156</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 159</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Galvus</I> Group</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 153</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 209</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -27</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -17</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Diovan</I> Group</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 147</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 142</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Gleevec/Glivec</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 128</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 175</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -27</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Afinitor/Votubia</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 97</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 106</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Contract manufacturing<sup style="white-space: nowrap">&nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 302</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 313</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other<sup style="white-space: nowrap">&nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;243</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;525</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total established brands<sup style="white-space: nowrap">&nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;997</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;678</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -19</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -15</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net sales from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 11&nbsp;423</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 10&nbsp;576</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> In Q1 2023 <I>Lucentis</I> was reclassified from other promoted brands to established
               brands and <I>Gilenya</I> was reclassified from neuroscience to established brands.
               These reclassifications have been reflected in Q3 2022.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Constant currencies (cc) is a non-IFRS measure. A definition of non-IFRS measures
               used by Novartis can be found starting on page 49.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> Net sales to from continuing operations reflect <I>Xolair</I> sales for all indications.<b></b><b></b><b></b><b></b><b></b><b></b><b></b></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;4&nbsp;</sup> Effective January 1, 2023, the discontinued operations Sandoz business transferred
               to Novartis continuing operations its bio-technology manufacturing services to other
               companies&#x2019; activities (included in Contract manufacturing) and the <I>Coartem</I> brand
               (included in Other). The financial information of the Novartis continuing operations
               and discontinued operations were adapted accordingly in 2022 and 2021, in compliance
               with IFRS Accounting Standards. See Note 10 for additional information.<b></b><b></b><b></b><b></b><b></b><b></b><b></b></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">39</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net sales from continuing operations by core therapeutic area and established brands
      </font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> % change</div>
         </td>
         <td></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> USD m<sup style="white-space: nowrap"> 1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> cc<sup style="white-space: nowrap"> 2</sup></div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Cardiovascular, renal and metabolic</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Entresto</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6&nbsp;035</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 4&nbsp;644</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 30</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 31</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Leqvio</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 355</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 112</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 217</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 217</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total cardiovascular, renal and metabolic</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6&nbsp;391</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 4&nbsp;756</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 34</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 36</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Immunology</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Cosentyx</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4&nbsp;980</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 4&nbsp;788</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Xolair<sup style="white-space: nowrap">&nbsp;3</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;463</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;365</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Ilaris</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;355</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;133</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total immunology</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 7&nbsp;798</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 7&nbsp;287</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Neuroscience</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kesimpta</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;171</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;092</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 99</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 99</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Zolgensma</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;214</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;370</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -9</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Mayzent</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 392</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 357</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Aimovig</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 266</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 218</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 21</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total neuroscience</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 4&nbsp;043</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;038</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 33</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 34</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Oncology</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Promacta/Revolade</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;269</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;088</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kisqali</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;080</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;231</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 69</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 75</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Tafinlar</I> + <I>Mekinist</I></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;922</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;770</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Tasigna</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;848</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;923</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Jakavi</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;720</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;561</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 12</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Pluvicto</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 980</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 271</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 262</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 261</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Lutathera</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 605</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 471</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 28</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 28</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kymriah</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 508</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 536</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Piqray/Vijoice</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 505</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 373</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 35</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 37</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Scemblix</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 413</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 149</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 177</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 179</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Votrient</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 390</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 474</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -17</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Adakveo</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 195</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 194</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Tabrecta</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 154</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 133</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -50</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> nm</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total oncology</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13&nbsp;590</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 11&nbsp;176</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 23</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total promoted brands</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 31&nbsp;822</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 26&nbsp;257</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 21</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 23</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Established brands</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Lucentis</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;475</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;874</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -21</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Sandostatin</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;314</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;238</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Gilenya</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 925</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;013</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -54</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -54</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Exforge</I> Group</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 713</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 743</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Galvus</I> Group</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 692</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 859</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -19</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Diovan</I> Group</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 613</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 652</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Gleevec/Glivec</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 561</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 745</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -22</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Afinitor/Votubia</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 408</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 512</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Contract manufacturing<sup style="white-space: nowrap">&nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;490</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;200</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 24</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other<sup style="white-space: nowrap">&nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;427</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 6&nbsp;113</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total established brands<sup style="white-space: nowrap">&nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13&nbsp;618</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 15&nbsp;949</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -12</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net sales from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 45&nbsp;440</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 42&nbsp;206</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> In Q1 2023 <I>Lucentis</I> was reclassified from other promoted brands to established
               brands and <I>Gilenya</I> was reclassified from neuroscience to established brands.These
               reclassifications have been reflected in 9M 2022.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Constant currencies (cc) is a non-IFRS measure. A definition of non-IFRS measures
               used by Novartis can be found starting on page 49.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> Net sales from continuing operations reflect <I>Xolair</I> sales for all indications.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;4&nbsp;</sup> Effective January 1, 2023, the discontinued operations Sandoz business transferred
               to Novartis continuing operations its bio-technology manufacturing services to other
               companies&#x2019; activities (included in Contract manufacturing) and the <I>Coartem</I> brand
               (included in Other). The financial information of the Novartis continuing operations
               and discontinued operations were adapted accordingly in 2022 and 2021, in compliance
               with IFRS Accounting Standards. See Note 10 for additional information.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">40</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net sales from continuing operations of the top 20 brands in 2023</font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> US</div>
         </td>
         <td></td>
         <td align="center" colspan="5" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Rest of world</div>
         </td>
         <td></td>
         <td align="center" colspan="5" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Total</div>
         </td>
         <td></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="5" height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
      </tr>
      <tr>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td colspan="3" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td colspan="5" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td colspan="5" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></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="5" height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Brands</div>
         </td>
         <td></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Brand classification by  therapeutic area or  established brands</div>
         </td>
         <td></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;">     Key indications</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">     USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> %   change  USD/cc<sup style="white-space: nowrap">   1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">     USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> %   change  USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> %   change  cc<sup style="white-space: nowrap">   1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">     USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> %   change  USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> %   change  cc<sup style="white-space: nowrap">   1</sup></div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td width="12%" height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Entresto</div>
         </td>
         <td align="right" width="1%"></td>
         <td width="12%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Cardiovascular,   renal and metabolic</div>
         </td>
         <td align="right" width="1%"></td>
         <td width="12%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Chronic heart failure,  hypertension</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 880  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 27  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 755  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;635  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 27  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26  </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Cosentyx</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Immunology            </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Psoriasis (PsO),   ankylosing spondylitis  (AS), psoriatic arthritis   (PsA), non-radiographic   axial spondyloarthritis   (nr-axSPA), hidradenitis  suppurativa (HS)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 741            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 562            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;303            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 21            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 21            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Promacta/Revolade</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology    </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Immune   thrombocytopenia (ITP),   severe aplastic anemia (SAA)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 301    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 262    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 563    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4    </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kesimpta</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Neuroscience  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Relapsing-remitting   multiple sclerosis (RRMS)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 453  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 48  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 188  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 198  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 193  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 641  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 74  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 73  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kisqali</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> HR+/HER2-   metastatic breast cancer</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 332  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 123  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 278  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 34  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 42  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 610  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 71  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 76  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Tafinlar</I> + <I>Mekinist</I></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology          </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> BRAF V600+ metastatic   adjuvant melanoma,  advanced non-small cell   lung cancer (NSCLC),   tumor agnostic with   BRAF mutation indication</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 200          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 286          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 486          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7          </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Tasigna</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Chronic myeloid leukemia  (CML)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 220  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 226  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -10  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -10  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 446  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Jakavi</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology      </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Myelofibrosis (MF),   polycytomia vera (PV),   graft-versus-host disease  (GvHD)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">       </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">       </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 444      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 444      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14      </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Lucentis<sup style="white-space: nowrap">&nbsp;2</sup></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands      </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Age-related   macular degeneration (AMD),   diabetic macular edema (DME),  retinal vein occlusion (RVO)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">       </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">       </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 301      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -24      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 301      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -24      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25      </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Xolair<sup style="white-space: nowrap">&nbsp;3</sup></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Immunology    </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Severe allergic asthma (SAA),   chronic spontaneous urticaria   (CSU), nasal polyps</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 378    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 378    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16    </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Ilaris</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Immunology    </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Auto-inflammatory (CAPS,  TRAPS, HIDS/MKD, FMF,  SJIA, AOSD, gout)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 200    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 21    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 176    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 29    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 38    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 376    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 25    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 29    </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Sandostatin</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Carcinoid tumors,  acromegaly</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 199  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 117  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 15  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 316  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Zolgensma</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Neuroscience  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Spinal muscular atrophy  (SMA)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 90  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -9  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 196  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 286  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Pluvicto</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> PSMA-positive mCRPC patients   post-ARPI, post-Taxane</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 251  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 48  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 144  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 140  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 273  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 53  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 53  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Gilenya<sup style="white-space: nowrap">&nbsp;2</sup></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Relapsing multiple sclerosis  (RMS)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 55  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -71  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 99  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -37  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -35  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 154  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -55  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -55  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Exforge</I> Group</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Hypertension</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 154</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 156</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Galvus</I> Group</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Type 2 diabetes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 153</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -27</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -17</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 153</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -27</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -17</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Diovan</I> Group</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Hypertension</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 133</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 147</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Lutathera</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology    </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> GEP-NETs   gastroenteropancreatic   neuroendocrine tumors</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 103    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 12    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 44    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 15    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 147    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 15    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13    </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Gleevec/Glivec</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands      </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Chronic myeloid  leukemia (CML),   gastrointestinal stromal  tumors (GIST)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 32      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -35      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 96      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -24      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 128      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -27      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25      </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Top 20 brands total</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 4&nbsp;073</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 4&nbsp;870</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;943</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Rest of portfolio<sup style="white-space: nowrap">&nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 690</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;790</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;480</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net sales from continuing  operations<sup style="white-space: nowrap"> &nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     4&nbsp;763</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     6&nbsp;660</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     11&nbsp;423</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     10</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="top">
         <td height="10px" colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="top">
         <td colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Constant currencies (cc) is a non-IFRS measure. A definition of non-IFRS measures
               used by Novartis can be found starting on page 49.
            </div>
         </td>
      </tr>
      <tr valign="top">
         <td colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> In the first quarter of 2023 <I>Lucentis</I> was reclassified from other promoted brands
               to established brands and <I>Gilenya</I> was reclassified from neuroscience to established
               brands.
            </div>
         </td>
      </tr>
      <tr valign="top">
         <td colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> Net sales reflect <I>Xolair</I> sales for all indications.
            </div>
         </td>
      </tr>
      <tr valign="top">
         <td colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;4&nbsp;</sup> Effective January 1, 2023, the discontinued operations Sandoz business bio-technology
               manufacturing services to other companies&#x2019; activities and the <I>Coartem</I> brand
               were transferred to the Novartis continuing operations. The financial information
               of the Novartis continuing operations and discontinued operations were adapted accordingly
               in 2022, in compliance with IFRS Accounting Standards. See Note 10.
            </div>
         </td>
      </tr>
      <tr valign="top">
         <td height="10px" colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="top">
         <td height="10px" colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">41</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net sales from continuing operations of the top 20 brands in 2023</font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> </div>
         </td>
         <td></td>
         <td align="center" colspan="3" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> US</div>
         </td>
         <td></td>
         <td align="center" colspan="5" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Rest of world</div>
         </td>
         <td></td>
         <td align="center" colspan="5" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Total</div>
         </td>
         <td></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="5" height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
      </tr>
      <tr>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td height="1"></td>
         <td colspan="3" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td colspan="5" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td colspan="5" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></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="5" height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Brands</div>
         </td>
         <td></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Brand classification by  therapeutic area or  established brands</div>
         </td>
         <td></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;">     Key indications</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">     USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> %   change  USD/cc<sup style="white-space: nowrap">   1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">     USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> %   change  USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> %   change  cc<sup style="white-space: nowrap">   1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">     USD m</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> %   change  USD</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> %   change  cc<sup style="white-space: nowrap">   1</sup></div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td width="12%" height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Entresto</div>
         </td>
         <td align="right" width="1%"></td>
         <td width="12%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Cardiovascular,   renal and metabolic</div>
         </td>
         <td align="right" width="1%"></td>
         <td width="12%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Chronic heart failure,  hypertension</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3&nbsp;067  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 30  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;968  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 30  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 32  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6&nbsp;035  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 30  </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="4%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 31  </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Cosentyx</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Immunology            </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Psoriasis (PsO),   ankylosing spondylitis  (AS), psoriatic arthritis   (PsA), non-radiographic   axial spondyloarthritis   (nr-axSPA), hidradenitis  suppurativa (HS)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;636            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;344            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 19            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4&nbsp;980            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Promacta/Revolade</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology    </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Immune   thrombocytopenia (ITP),   severe aplastic anemia (SAA)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;205    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;064    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;269    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10    </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kesimpta</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Neuroscience  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Relapsing-remitting   multiple sclerosis (RRMS)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;528  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 66  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 643  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 276  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 272  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;171  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 99  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 99  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Kisqali</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> HR+/HER2-   metastatic breast cancer</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;032  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 119  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;048  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 38  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 47  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;080  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 69  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 75  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Tafinlar</I> + <I>Mekinist</I></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology          </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> BRAF V600+ metastatic   adjuvant melanoma,  advanced non-small cell   lung cancer (NSCLC),   tumor agnostic with   BRAF mutation indication</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 791          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 17          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;131          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;922          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9          </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11          </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Tasigna</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Chronic myeloid leukemia  (CML)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 884  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 964  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;848  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Jakavi</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology      </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Myelofibrosis (MF),   polycytomia vera (PV),   graft-versus-host disease  (GvHD)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">       </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">       </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;720      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 12      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;720      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 12      </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Lucentis<sup style="white-space: nowrap">&nbsp;2</sup></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands      </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Age-related   macular degeneration (AMD),   diabetic macular edema (DME),  retinal vein occlusion (RVO)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">       </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">       </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;475      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -21      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;475      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -21      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20      </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Xolair<sup style="white-space: nowrap">&nbsp;3</sup></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Immunology    </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Severe allergic asthma (SAA),   chronic spontaneous urticaria   (CSU), nasal polyps</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;463    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;463    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 9    </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Ilaris</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Immunology    </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Auto-inflammatory (CAPS,  TRAPS, HIDS/MKD, FMF,  SJIA, AOSD, gout)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 686    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 669    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 19    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 24    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;355    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 20    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22    </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Sandostatin</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Carcinoid tumors,  acromegaly</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 829  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 485  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 15  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;314  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Zolgensma</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Neuroscience  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Spinal muscular atrophy  (SMA)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 372  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -14  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 842  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -10  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;214  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -9  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Pluvicto</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> PSMA-positive mCRPC patients   post-ARPI, post-Taxane</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 921  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 265  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 59  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 211  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 195  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 980  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 262  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 261  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Gilenya<sup style="white-space: nowrap">&nbsp;2</sup></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands  </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Relapsing multiple sclerosis  (RMS)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 359  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -69  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 566  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -34  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -33  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 925  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -54  </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -54  </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Exforge</I> Group</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Hypertension</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 700</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 713</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Galvus</I> Group</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Type 2 diabetes</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 692</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -19</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 692</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -19</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"><I>Diovan</I> Group</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Hypertension</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 52</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 561</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 613</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Lutathera</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Oncology    </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> GEP-NETs   gastroenteropancreatic   neuroendocrine tumors</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 427    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 29    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 178    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 27    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 26    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 605    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 28    </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 28    </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">Gleevec/Glivec</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Established brands      </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> Chronic myeloid  leukemia (CML),   gastrointestinal stromal  tumors (GIST)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 150      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -27      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 411      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -24      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 561      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -25      </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -22      </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Top 20 brands total</div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;952</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 19&nbsp;983</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 34&nbsp;935</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 12</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Rest of portfolio<sup style="white-space: nowrap">&nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3&nbsp;007</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7&nbsp;498</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10&nbsp;505</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 4</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="top" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net sales from continuing  operations<sup style="white-space: nowrap"> &nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right"></td>
         <td>
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     17&nbsp;959</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     27&nbsp;481</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     45&nbsp;440</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     10</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="22" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="top">
         <td height="10px" colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="top">
         <td colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Constant currencies (cc) is a non-IFRS measure. A definition of non-IFRS measures
               used by Novartis can be found starting on page 49.
            </div>
         </td>
      </tr>
      <tr valign="top">
         <td colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> In the first quarter of 2023 <I>Lucentis</I> was reclassified from other promoted brands
               to established brands and <I>Gilenya</I> was reclassified from neuroscience to established
               brands.
            </div>
         </td>
      </tr>
      <tr valign="top">
         <td colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> Net sales reflect <I>Xolair</I> sales for all indications.
            </div>
         </td>
      </tr>
      <tr valign="top">
         <td colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;4&nbsp;</sup> Effective January 1, 2023, the discontinued operations Sandoz business bio-technology
               manufacturing services to other companies&#x2019; activities and the <I>Coartem</I> brand
               were transferred to the Novartis continuing operations. The financial information
               of the Novartis continuing operations and discontinued operations were adapted accordingly
               in 2022, in compliance with IFRS Accounting Standards. See Note 10.
            </div>
         </td>
      </tr>
      <tr valign="top">
         <td height="10px" colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="top">
         <td height="10px" colspan="22">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">nm = not meaningful</div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">42</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Other revenues </font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Profit sharing income</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 245</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 247</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 941</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 921</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Royalty income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 24</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 87</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 35</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Milestone income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 98</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 45</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 145</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 74</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 31</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 147</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 154</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total other revenues</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 353</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 390</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;220</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;255</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><b></b></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Other includes revenue from activities such as manufacturing or other services rendered,
               to the extent such revenue is not recorded under net sales.
            </div>
         </td>
      </tr>
   </table>
</div><a name="anchorId00234243"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">12. Other interim disclosures</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Restructuring provisions movements </font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Balance at beginning of period</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 809</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 903</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;131</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 345</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Provisions related to<br>discontinued operations<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> -51
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br>
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Additions to provisions<sup style="white-space: nowrap">&nbsp;2</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 135</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 517</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 658</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;368</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cash payments<sup style="white-space: nowrap">&nbsp;3</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -171</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -237</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -816</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -468</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Releases of provisions<sup style="white-space: nowrap">&nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -78</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -193</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -42</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Transfers<sup style="white-space: nowrap">&nbsp;5</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -52</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -57</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -53</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Currency translation effects</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 22</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 31</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -19</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Balance at closing of period</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 703</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;131</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 703</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;131</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">   </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Notes 2, 3 and 13 provide information related to discontinued operations.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Additions to provisions charged to the consolidated income statement from continuing
               operations were USD 512 million in Q4 2022 and USD 1.3 billion in FY 2022.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> Cash-payments from continuing operations were USD 224 million in Q4 2022 and USD 421
               million in FY 2022
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;4&nbsp;</sup> Releases of provisions credited to the consolidated income statement from continuing
               operations were USD 8 million in Q4 2022 and USD 33 million in FY 2022.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;5&nbsp;</sup> Transfers from continuing operations were USD 51 million in Q4 2022 and USD 53 million
               in FY 2022.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In 2023, additions to provisions of USD 658 million (Q4: USD 135 million) mainly related
   to the continuation of the initiative announced in April 2022, to implement a new
   streamlined organizational model designed to support innovation, growth and productivity.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In 2022, additions to provisions of USD 1.4 billion (Q4: USD 517 million) mainly related
   to the initiative announced in April 2022, to implement a new streamlined organizational
   model designed to support innovation, growth and productivity, as well as, to the
   continuation of the 2021 restructuring initiatives.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Property, plant and equipment, Right-of-use assets and Intangible assets</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The following table shows additional disclosures related to property, plant and equipment,
   right-of-use assets and intangible assets for continuing operations:
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">43</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Property, plant and equipment impairment charges</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -21</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -91</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -106</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -411</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Property, plant and equipment impairment reversal</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 4</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Property, plant and equipment depreciation charge</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -230</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -259</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -916</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -967</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Property, plant and equipment additions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 417</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 305</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;065</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 930</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Right-of-use assets impairment charges</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Right-of-use assets depreciation charge</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -64</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -67</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -259</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -267</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Right-of-use assets additions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 183</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 50</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 421</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 216</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Intangible assets impairment charges<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -383</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -443</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3&nbsp;048</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;301</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Intangible assets amortization charge</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -893</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -960</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3&nbsp;960</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3&nbsp;760</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Intangible assets additions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 543</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 284</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;576</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;930</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> FY 2023 intangible assets impairment charges include the write-down of IPR&amp;D on the
               cessation of clinical development programs, including the clinical development programs
               PPY988 (USD 1.0 billion), which was acquired with the 2022 acquistion of Gyroscope
               Therapeutics Holdings plc (See Note 3), VDT482 (USD 0.4 billion) and MBG453 (USD 0.3
               billion), and the clinical research program NIZ985 (USD 0.3 billion); as well as the
               write-down of a currently marketed product by USD 0.3 billion to reflect reduction
               in its recoverable amount.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup> FY 2022 intangible assets impairment charges include the write-down of IPR&amp;D on the
               cessation of clinical development programs, including UNR844 (USD 0.6 billion).
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In full year and fourth quarter 2023, there were no reversals of prior-year impairment
   charges on intangible assets and right-of-use assets.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Financial debt </font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In the third quarter of 2023, Novartis repaid the 0.5% coupon bond with a notional
   amount of EUR 750 million issued in 2018 by Novartis Finance SA, Luxembourg, in accordance
   with its terms.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In the third quarter of 2023, Novartis repaid the 0.125% coupon bond with a notional
   amount of EUR 1.25 billion issued in 2016 by Novartis Finance SA, Luxembourg, in accordance
   with its terms.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Other commitments</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The Company has entered into various purchase commitments for services and materials
   as well as for equipment in the ordinary course of business. These commitments are
   generally entered into at current market prices and reflect normal business operations.
   The Company routinely acquires businesses and interests in intellectual property focused
   on key disease areas and indications that the Company expects to be growth drivers
   in the future. The Company has commitments through to the date the consolidated financial
   statements were approved for publication (see Note 14), totaling USD 3.8 billion (of
   which USD 3.4 billion may become payable in 2024) related to the acquisition of businesses
   and interests in intellectual property, the majority of which is subject to the satisfaction
   of conditions precedent in the arrangements.
</div><a name="anchorId00234838"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">13. Discontinued operations</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Discontinued operations include the operational results from the Sandoz generic pharmaceuticals
   and biosimilars division and certain corporate activities attributable to the Sandoz
   business, as well as certain other expenses related to the spin-off. Included in 2023
   is also the IFRS Accounting Standards no-cash, non-taxable net gain on the distribution
   of Sandoz Group AG to Novartis AG shareholders (refer to Notes 2 and 3 for further
   details).
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The Sandoz business operates in the off-patent medicines segment and specializes in
   the development, manufacturing, and marketing of generic pharmaceuticals and biosimilars.
   The Sandoz business is organized globally into two franchises: Generics and Biosimilars.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">44</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Net income from discontinued operations</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions unless indicated otherwise)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023<sup style="white-space: nowrap"> 1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net sales to third parties from discontinued operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 2&nbsp;311</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 7&nbsp;128</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 9&nbsp;160</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Sales to continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 63</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 300</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 212</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net sales from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 2&nbsp;374</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 7&nbsp;428</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 9&nbsp;372</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other revenues</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 19</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 28</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cost from goods sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;292</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4&nbsp;044</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -4&nbsp;937</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Gross profit from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;089</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;403</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 4&nbsp;463</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Selling, general and administration</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -564</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;728</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;060</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Research and development</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -226</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -671</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -824</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 56</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 109</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -118</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -795</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -437</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 194</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 265</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;251</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">as % from net sales</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 8.2%</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3.6%</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 13.3%</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income from associated companies</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -12</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -33</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -37</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -22</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Income before taxes from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 172</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 214</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;194</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes<sup style="white-space: nowrap">&nbsp;2</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -21</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 208</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -288</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from discontinued operations before gain  on distribution from Sandoz Group AG to Novartis AG shareholders</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   151</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   422</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   906</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Gain on distribution from Sandoz Group AG to Novartis AG shareholders<sup style="white-space: nowrap">&nbsp;3</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;860</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;860</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 5&nbsp;842</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 151</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6&nbsp;282</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 906</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> The net income from discontinued operations for 2023 is for the period from January
               1, 2023, to the October 3, 2023, Distribution date.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> The tax rate in 2023 was impacted by non-recurring items such as tax benefits arising
               from intercompany transactions to effect the spin-off of the Sandoz business, net
               decreases in uncertain tax positions of the Sandoz business and the favorable settlement
               of a tax matter related to the Alcon business, which was spun-off in 2019. Excluding
               these impacts, the tax rate would have been 31.2% in 2023, compared to 24.1% in 2022.
               The tax rate in 2023 is higher than 2022 primarily due to a change in profit mix between
               years. The tax expense in the fourth quarter 2023 mainly arose from transactions to
               effect the spin-off of the Sandoz business.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> See Note 3 for further details on the non-taxable, non-cash gain on distribution of
               Sandoz Group AG to Novartis AG shareholders.
            </div>
         </td>
      </tr>
   </table>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Net assets derecognized</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The following table presents the Sandoz business net assets derecognized as at October
   3, 2023 Distribution (spin-off) date:
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Oct 3,<br>  2023
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Property, plant and equipment</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="20%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;447</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Right-of-use assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 133</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Goodwill</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7&nbsp;424</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Intangible assets other than goodwill</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;481</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Deferred tax assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 624</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Financial assets, investments in associated <br>companies and other non-current assets
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 142
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Inventories</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;565</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Trade receivables and other current assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;935</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cash and cash equivalents</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 686</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Deferred tax liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -270</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Current and non-current lease liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -139</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Current and non-current financial debts</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3&nbsp;691</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Trade payables, provisions, current income tax liabilities and other liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   -4&nbsp;690</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net assets derecognized</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;647</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="4" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">45</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Supplemental disclosures related to discontinued operations</font></div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Significant transactions in 2021</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">On February 10, 2021, Sandoz entered into an agreement with certain subsidiaries of
   GlaxoSmithKline plc (GSK) for the acquisition of the GSK&#x2019;s cephalosporin antibiotics
   business.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Under the agreement, Sandoz acquired the global rights to three established brands
   (Zinnat&#xae;, Zinacef&#xae; and Fortum&#xae;) in more than 100 markets. It excluded the rights in
   the US, Australia and Germany to certain of those brands, which were previously divested
   by GSK, and the rights in India, Pakistan, Egypt, Japan (to certain of the brands)
   and China, which will be retained by GSK. The transaction closed on October 8, 2021.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The purchase price consisted of a USD 350 million upfront payment paid at closing
   and potential milestone payments up to USD 150 million, which GSK is eligible to receive
   upon the achievement of certain annual sales milestones for the portfolio.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The fair value of the total purchase consideration was USD 415 million. The amount
   consisted of a payment of USD 351 million, including purchase price adjustments, and
   the fair value of contingent consideration of USD 64 million, which GSK is eligible
   to receive upon the achievement of specified milestones. The purchase price allocation
   resulted in net identifiable assets of USD 308 million, consisting of USD 292 million
   intangible assets and USD 16 million deferred tax assets. Goodwill amounted to USD
   107 million.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">The 2021 results of operations since the date of acquisition were not material.</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net income from discontinued operations</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Included in net income from discontinued operations are:</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions unless indicated otherwise)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"> FY 2023<sup style="white-space: nowrap"> 1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest income</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Depreciation of property, plant and equipment</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -49</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -144</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -196</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Depreciation of right-of-use assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -32</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -33</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Amortization of intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -54</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -171</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -222</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Impairment charges on property, plant and equipment</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Impairment charges on right-of-use assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Impairment charges on intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -44</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -25</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Impairment reversals of property, plant and equipment</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 3</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Additions to restructuring provisions</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -27</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -40</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Equity-based compensation expense related to Novartis equity-based participation plans</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -60</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -66</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> 2023 amounts are for the period from January 1, 2023, to the October 3, 2023, Distribution
               date.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In 2023 and 2022, there were no reversals of impairment charges on right-of-use assets
   or on intangible assets of discontinued operations.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Balance sheet</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The following shows for discontinued operations the additions to property, plant and
   equipment, right-of-use assets and to goodwill and intangible assets:
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023<sup style="white-space: nowrap"> 1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Additions to property, plant and equipment</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 75</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 245</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 289</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Additions to right-of-use assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 66</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 32</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Additions to goodwill and intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 60</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 221</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 163</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> The additions for 2023 are for the period from January 1, 2023, to the October 3,
               2023, Distribution date.
            </div>
         </td>
      </tr>
   </table>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Financial debt</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Sandoz business entered into financing agreements with a group of banks under which
   it borrowed on September 28, 2023 a total amount of USD 3.3 billion. See Note 3 for
   further disclosures.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">46</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net cash flows used in investing activities from discontinued operations</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Net cash flows used in investing activities from discontinued operations include the
   investing activities of the Sandoz business.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">In 2023, other cash flows used in investing activities, net includes cash outflows
   of USD 22 million (Q4 2023: nil) for the acquisitions and divestments of business,
   net (2022: USD 39 million, Q4 2022: USD 2 million).
</div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Payments out of provisions for transaction <br>costs attributable to the spin-off of the <br>Sandoz business
            </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> <br> -52
            </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> <br> -52
            </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Derecognized cash and cash equivalents attributable to the spin-off of the  Sandoz business</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     -686</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     -686</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other cash flows used in investing activities, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   -148</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   -385</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   -436</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows used in investing activities from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -738</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   -148</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -1&nbsp;123</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   -436</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 3px;"></td>
      </tr>
   </table>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net cash flows from financing activities from discontinued operations</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">In 2023, the net cash inflows from financing activities from discontinued operations
   of USD 3.3 billion (2022: USD 119 million, Q4 2023: USD 111 million net cash outflows,
   Q4 2022: USD 105 million) were mainly driven by USD 3.6 billion cash inflows from
   bank borrowings (including the USD 3.3 billion Sandoz business borrowings from a group
   of banks on September 28, 2023, Q4 2023: nil) in connection with the Distribution
   (spin-off) of the Sandoz business to Novartis AG shareholders, partly offset by transaction
   cost payments of USD 0.2 billion (2022: nil, Q4 2023: USD 0.1 billion, Q4 2022: nil)
   directly attributable to the Distribution (spin-off) of the Sandoz business (see Note
   3).
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">For additional information related to the October 3, 2023 distribution (spin-off)
   of the Sandoz business to Novartis AG shareholders, effected through a dividend in
   kind distribution of Sandoz Group AG shares to Novartis AG shareholders and ADR holders,
   refer to Note 2 and Note 3.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">47</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00236073"></a><div style="font-family:arial,helvetica,sans-serif; font-size:18pt; color:#000000; font-weight: bold; margin-bottom:20px;margin-top:30px;">14. Events subsequent to the December 31, 2023, consolidated balance sheet </div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Dividend proposal for 2023 and approval of Novartis 2023 consolidated financial statements</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">On January 30, 2024, the Novartis AG Board of Directors proposed the acceptance of
   the 2023 consolidated financial statements of Novartis for approval by the Annual
   General Meeting on March 5, 2024. Furthermore, also on January 30, 2024, the Board
   proposed a dividend of CHF 3.30 per share to be approved at the Annual General Meeting
   on March 5, 2024. If approved, the total dividend payments would amount to approximately
   USD 8.0 billion (2022: USD 7.3 billion), using the CHF/USD December 31, 2023, exchange
   rate.
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">48</font><div style="padding-bottom:10px;"></div>
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   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name="anchorId00236081"></a><p style="font-family:arial,helvetica,sans-serif; font-size:24pt; color:#000000; font-weight:bold;">Supplementary information (unaudited)</p><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Non-IFRS disclosures</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Novartis uses certain non-IFRS Accounting Standards metrics when measuring performance,
   especially when measuring current-year results against prior periods, including core
   results, constant currencies and free cash flow. These are referred to by Novartis
   as non-IFRS measures.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Despite the use of these measures by management in setting goals and measuring the
   Company&#x2019;s performance, these are non-IFRS measures that have no standardized meaning
   prescribed by IFRS Accounting Standards. As a result, such measures have limits in
   their usefulness to investors.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Because of their non-standardized definitions, the non-IFRS measures (unlike IFRS
   Accounting Standards measures) may not be comparable to the calculation of similar
   measures of other companies. These non-IFRS measures are presented solely to permit
   investors to more fully understand how the Company&#x2019;s management assesses underlying
   performance. These non-IFRS measures are not, and should not be viewed as, a substitute
   for IFRS Accounting Standards measures and should be viewed in conjunction with the
   consolidated financial statements presented in accordance with IFRS Accounting Standards.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">As an internal measure of Company performance, these non-IFRS measures have limitations,
   and the Company&#x2019;s performance management process is not solely restricted to these
   metrics.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Core results</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The Company&#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, net gains and losses on fund investments and equity securities valued at
   fair value through profit and loss, impact of IAS 29 &#x201c;Financial reporting in Hyperinflation
   Economies&#x201d; to other financial income and expense, and certain acquisition- and divestment-related
   items. The following items that exceed a threshold of USD&nbsp;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, software, and financial assets,
   and income and expense items that management deems exceptional and that are or are
   expected to accumulate within the year to be over a USD&nbsp;25 million threshold.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Novartis believes that investor understanding of the Company&#x2019;s performance is enhanced
   by disclosing core measures of performance since, core measures exclude items that
   can vary significantly from year to year, they enable better comparison of business
   performance across years. For this same reason, Novartis uses these core measures
   in addition to IFRS Accounting Standards and other measures as important factors in
   assessing the Company&#x2019;s performance.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">The following are examples of how these core measures are utilized:</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt;color:#000000;margin-bottom:0mm;margin-left:9px;margin-right:0mm;margin-top:0mm;text-indent:-9px;">&#x2022; In addition to monthly reports containing financial information prepared in accordance
   with IFRS Accounting Standards, senior management receives a monthly analysis incorporating
   these non-IFRS core measures.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt;color:#000000;margin-bottom:0mm;margin-left:9px;margin-right:0mm;margin-top:0mm;text-indent:-9px;">&#x2022; Annual budgets are prepared for both IFRS Accounting Standards and non-IFRS core measures.</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">As an internal measure of Company performance, the core results measures have limitations,
   and the Company&#x2019;s performance management process is not solely restricted to these
   metrics. A limitation of the core results measures is that they provide a view of
   the Company&#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, impairments to property, plant and equipment and restructurings and related
   items.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Constant currencies</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Changes in the relative values of non-US currencies to the US dollar can affect the
   Company&#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.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">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:
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt;color:#000000;margin-bottom:0mm;margin-left:9px;margin-right:0mm;margin-top:0mm;text-indent:-9px;">&#x2022; The impact of translating the income statements of consolidated entities from their
   non-USD functional currencies to USD
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt;color:#000000;margin-bottom:0mm;margin-left:9px;margin-right:0mm;margin-top:0mm;text-indent:-9px;">&#x2022; The impact of exchange rate movements on the major transactions of consolidated entities
   performed in currencies other than their functional currency.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">We calculate constant currency measures by translating the current year&#x2019;s foreign
   currency values for sales and other income statement items into USD (excluding the
   IAS 29 &#x201c;Financial Reporting in Hyperinflationary Economies&#x201d; adjustments to the local
   currency income statements of subsidiaries operating in hyperinflationary economies),
   using the average exchange rates from the prior year and comparing them to the prior
   year values in USD.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">We use these constant currency measures in evaluating the Company&#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
   that are not affected by changes in the relative value of currencies.
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Growth rate calculation</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">For ease of understanding, Novartis uses a sign convention for its growth rates such
   that a reduction in
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">49</font><div style="padding-bottom:10px;"></div>
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   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">operating expenses or losses compared with the prior year is shown as a positive growth.</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Free cash flow </font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Effective January 1, 2023, Novartis revised its definition of free cash flow, to define
   free cash flow as net cash flows from operating activities less purchases of property,
   plant and equipment. This new definition provides a simpler performance measure focusing
   on core operating activities, and also excludes items that can vary significantly
   from year to year, thereby enabling better comparison of business performance across
   years. The prior year free cash flow amounts have been revised to conform with the
   new free cash flow definition to aid in comparability.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Free cash flow is a non-IFRS measure and is not intended to be a substitute measure
   for net cash flows from operating activities as determined under IFRS Accounting Standards.
   Free cash flow is presented as additional information because management believes
   it is a useful supplemental indicator of the Company&#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 investment in strategic opportunities,
   returning to shareholders and for debt repayment. Free cash flow is a non-IFRS measure,
   which means it should not be interpreted as a measure determined under IFRS Accounting
   Standards.
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Additional information</font></div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net debt</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">Novartis calculates net debt as current financial debts and derivative financial instruments
   plus non-current financial debts less cash and cash equivalents and marketable securities,
   commodities, time deposits and derivative financial instruments.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">Net debt is presented as additional information because it sets forth how management
   monitors net debt or liquidity and management believes it is a useful supplemental
   indicator of the Company&#x2019;s ability to pay dividends, to meet financial commitments,
   and to invest in new strategic opportunities, including strengthening its balance
   sheet.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">See page 59 for additional disclosures related to net debt.</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">50</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS Accounting Standards results to non-IFRS measure core results
      &ndash; Total Company</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions unless indicated otherwise)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">IFRS Accounting Standards operating income from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;582</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;755</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9&nbsp;769</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 7&nbsp;946</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Amortization of intangible assets</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 834</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 910</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;730</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;585</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Impairments</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="9%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Intangible assets</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 380</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 438</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3&nbsp;044</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;293</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Property, plant and equipment related to the company-wide <br>&nbsp;&nbsp;&nbsp;rationalization of manufacturing sites
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 2
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> -23
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> <br> 5
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> <br> 286
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Other property, plant and equipment</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 84</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 39</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 85</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total impairment charges</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 388</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 499</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;088</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;664</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Acquisition or divestment of businesses and related items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;- Income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -110</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -174</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -4</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;- Expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 126</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 149</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 8</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total acquisition or divestment of  businesses and related items, net</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   4</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Divestment gains</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -27</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -225</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -166</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Financial assets - fair value adjustments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 36</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -28</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 105</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 260</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Restructuring and related items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;- Income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -75</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -229</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -34</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;- Expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 229</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 668</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;180</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;856</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Legal-related items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;- Income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -124</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -608</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -51</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;- Expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 35</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 244</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 66</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 364</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Additional income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -163</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -401</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -602</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -698</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Additional expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 66</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 30</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 123</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 64</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total other items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 481</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -190</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;595</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total adjustments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;239</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;890</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6&nbsp;603</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6&nbsp;848</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Core operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;821</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;645</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 16&nbsp;372</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 14&nbsp;794</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;">as % of net sales</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 33.5%</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 34.5%</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#000000;"> 36.0%</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-style:italic; color:#666666;"> 35.1%</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">(Loss)/income from associated companies</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -11</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -217</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -207</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -855</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -800</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 24</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 222</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 42</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Core adjustments to other financial income and expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 119</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 26</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 208</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 98</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes, adjusted for above items (core income taxes)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -609</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -522</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;488</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;177</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Core net income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;126</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 2&nbsp;963</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13&nbsp;446</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 11&nbsp;946</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Core net income from discontinued operations<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 288</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 889</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;406</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Core net income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;126</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;251</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;335</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 13&nbsp;352</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Core net income attributable to shareholders of Novartis AG</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;126</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;251</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;331</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 13&nbsp;352</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Core basic EPS  from continuing operations (USD)<sup style="white-space: nowrap">&nbsp;2</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1.53</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1.39</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6.47</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 5.48</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Core basic EPS from discontinued operations (USD)<sup style="white-space: nowrap">&nbsp;1, 2</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.13</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0.43</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.64</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Core basic EPS (USD)<sup style="white-space: nowrap">&nbsp;2</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1.53</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1.52</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6.90</div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> </div>
         </td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6.12</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="10" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> For details on discontinued operations reconciliation from IFRS Accounting Standards
               net income to core net income, please refer to page 54.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="10">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Core earnings per share (EPS) is calculated by dividing core net income attributable
               to shareholders of Novartis AG by the weighted average number of shares used in the
               basic EPS calculation outstanding in a reporting period.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">51</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS Accounting Standards results to non-IFRS measure core results
      &ndash; Total Company</font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions unless indicated otherwise)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023<br> IFRS<br> Accounting <br> Standards <br> results
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> Amortization <br> of intangible<br> assets<sup style="white-space: nowrap">     1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> <br> Impairments<sup style="white-space: nowrap">     2</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> Acquisition or <br> divestment of <br> businesses and<br> related items<sup style="white-space: nowrap">     3</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> Other <br> items<sup style="white-space: nowrap">     4</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> Q4 2023<br> Core results
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#666666;"> <br> <br> <br> Q4 2022<br> Core results
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Gross profit from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;754</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 790</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 35</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9&nbsp;579</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 8&nbsp;908</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;582</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 834</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 388</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;821</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;645</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Income before taxes from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;377</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 834</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 388</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 120</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;735</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;485</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes<sup style="white-space: nowrap">&nbsp;5</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 261</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -609</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -522</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;638</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;126</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 2&nbsp;963</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income from discontinued operations<sup style="white-space: nowrap">&nbsp;6</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5&nbsp;842</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 288</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;480</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;126</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;251</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Basic EPS  from continuing operations (USD)<sup style="white-space: nowrap">&nbsp;7</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1.29</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1.53</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1.39</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
         <td style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Basic EPS from discontinued operations (USD)<sup style="white-space: nowrap">&nbsp;6, 7</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2.85</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.13</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
         <td style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Basic EPS (USD)<sup style="white-space: nowrap">&nbsp;7</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 4.14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1.53</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1.52</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td bgcolor="#ffffff" height="16px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">        </div>
         </td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">The following are adjustments to arrive at core gross profit from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3&nbsp;022</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 790</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 35</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;197</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;972</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td bgcolor="#ffffff" height="16px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">             </div>
         </td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">The following are adjustments to arrive at core operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Research and development</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;567</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 44</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 381</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -103</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;231</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;094</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 450</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -110</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -267</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 73</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 82</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -611</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 7</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 112</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 336</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -156</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -111</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td bgcolor="#ffffff" height="16px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">             </div>
         </td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">The following are adjustments to arrive at core income before taxes from continuing
               operations
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 119</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 137</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 50</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">      </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Amortization of intangible assets: cost of goods sold includes the amortization of
               acquired rights to currently marketed products and other production-related intangible
               assets; research and development includes the amortization of acquired rights to technologies
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Impairments: research and development include net impairment charges related to intangible
               assets; other expense includes net impairment charges related to property, plant and
               equipment
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> Acquisition or divestment of businesses and related items, including restructuring
               and integration charges: research and development inculde restructuring and integration
               cost charges; other income and other expense include transitional service-fee income
               and expenses related to the Sandoz distribution and integration costs charges
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;4&nbsp;</sup> Other items: cost of goods sold, selling, general and administration, research and
               development, other income and other expense include restructuring income and charges
               related to the initiative to implement a new streamlined organizational model, the
               Group-wide rationalization of manufacturing sites and other net restructuring charges
               and related items; research and development and cost of goods sold also include contingent
               consideration adjustments; other income and other expense include fair value adjustments,
               divestment gains and losses on financial assets, legal related items, curtailment
               gains and adjustments to environmental provisions; other expenses also includes a
               fair value adjustment on a contingent receivable and other costs and items; other
               financial income and expense includes the impact of IAS 29 "Financial reporting in
               Hyperinflation Economies" for subsidiaries operating in hyperinflation economies and
               foreign exchange losses
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;5&nbsp;</sup> Taxes on the adjustments between IFRS  Accounting Standards and core results, for
               each item included in the adjustment, take into account 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 1.4 billion to arrive at the core results
               before tax amounts to USD 870 million and the average tax rate on the adjustments
               was 64.1%.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;6&nbsp;</sup> For details on discontinued operations reconciliation from IFRS  Accounting Standards
               net income to core net income refer to page 54.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;7&nbsp;</sup> Earnings per share (EPS) is calculated on the amount of net income attributable to
               shareholders of Novartis AG.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">52</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS Accounting Standards results to non-IFRS measure core results
      &ndash; Total Company</font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions unless indicated otherwise)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023<br> IFRS <br> Accounting <br> Standards<br> results
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> Amortization <br> of intangible <br> assets<sup style="white-space: nowrap">     1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> <br> Impairments<sup style="white-space: nowrap">     2</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> Acquisition or <br> divestment of <br> businesses and<br> related items<sup style="white-space: nowrap">     3</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> Other <br> items<sup style="white-space: nowrap">     4</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> FY 2023<br> Core results
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#666666;"> <br> <br> <br> FY 2022<br> Core results
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Gross profit from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 34&nbsp;188</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;319</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 310</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 142</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 37&nbsp;959</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 35&nbsp;591</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9&nbsp;769</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;730</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;088</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -190</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 16&nbsp;372</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 14&nbsp;794</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Income before taxes from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9&nbsp;123</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;730</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;088</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 15&nbsp;934</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 14&nbsp;123</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes<sup style="white-space: nowrap">&nbsp;5</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -551</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;488</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;177</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 8&nbsp;572</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13&nbsp;446</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 11&nbsp;946</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income from discontinued operations<sup style="white-space: nowrap">&nbsp;6</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6&nbsp;282</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 889</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;406</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;854</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;335</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 13&nbsp;352</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Basic EPS  from continuing operations (USD)<sup style="white-space: nowrap">&nbsp;7</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 4.13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6.47</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 5.48</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Basic EPS from discontinued operations (USD)<sup style="white-space: nowrap">&nbsp;7</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3.02</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0.43</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.64</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Basic EPS (USD)<sup style="white-space: nowrap">&nbsp;7</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 7.15</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6.90</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 6.12</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td bgcolor="#ffffff" height="16px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">             </div>
         </td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">The following are adjustments to arrive at core gross profit from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12&nbsp;472</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 3&nbsp;319</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 310</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 142</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8&nbsp;701</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -7&nbsp;784</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td bgcolor="#ffffff" height="16px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">             </div>
         </td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">The following are adjustments to arrive at core operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Selling, general and administration</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12&nbsp;517</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 28</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -12&nbsp;489</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -12&nbsp;143</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Research and development</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -11&nbsp;371</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 411</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2&nbsp;737</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 32</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -409</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8&nbsp;600</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -8&nbsp;267</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;772</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -174</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;196</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 392</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 291</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;303</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 51</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 117</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;245</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -890</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -678</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td bgcolor="#ffffff" height="16px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">             </div>
         </td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">The following are adjustments to arrive at core income before taxes from continuing
               operations
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 222</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 208</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 430</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 140</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">      </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Amortization of intangible assets: cost of goods sold includes the amortization of
               acquired rights to currently marketed products and other production-related intangible
               assets; research and development includes the amortization of acquired rights to technologies
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Impairments: cost of goods sold, research and development, other income and other
               expense include net impairment charges related to intangible assets; other income
               and other expense includes also net impairment charges related to property, plant
               and equipment
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> Acquisition or divestment of businesses and related items, including restructuring
               and integration charges: research and development include restructuring and integration
               cost charges; other income includes a favorable stamp duties tax settlement related
               to a prior periods acquisition; other income and other expense include also transitional
               service-fee income and expenses related to the Sandoz distribution, restructuring
               and integration costs charges and reversals
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;4&nbsp;</sup> Other items: cost of goods sold, selling, general and administration, research and
               development, other income and other expense include restructuring income and charges
               related to the initiative to implement a new streamlined organizational model, the
               company-wide rationalization of manufacturing sites and other net restructuring charges
               and related items; cost of goods sold and research and development also include contingent
               consideration adjustments; cost of goods sold and selling, general and administration
               includes also adjustments to provisions; research and development also include a write-off
               of prepaid expenses for a terminated development project; other income and other expense
               include fair value adjustments, divestment gains, losses and gains on financial assets,
               legal related items, adjustments to environmental provisions; other income includes
               also gains from the divestment of products and curtailment gains; other expenses also
               includes a fair value adjustment on a contingent receivable and other costs and items;
               other financial income and expense includes the impact of IAS 29 "Financial reporting
               in Hyperinflation Economies" for subsidiaries operating in hyperinflation economies
               and foreign exchange losses
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;5&nbsp;</sup> Taxes on the adjustments between IFRS  Accounting Standards and core results, for
               each item included in the adjustment, take into account 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 6.8 billion to arrive at the core results
               before tax amounts to USD 1.9 billion and the average tax rate on the adjustments
               was 28.4%.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;6&nbsp;</sup> For details on discontinued operations reconciliation from IFRS  Accounting Standards
               net ncome to core net income refer to page 55.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;7&nbsp;</sup> Earnings per share (EPS) is calculated on the amount of net income attributable to
               shareholders of Novartis AG.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">53</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS Accounting Standards results to non-IFRS measure core results
      &ndash; Discontinued operations </font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter </b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions unless indicated otherwise)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023<br> IFRS<br> Accounting <br> Standards <br> results
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> Amortization<br> of intangible<br> assets
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> <br> Impairments
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> Acquisition or <br> divestment of <br> businesses and<br> related items
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> Other <br> items
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> Q4 2023<br> Core results
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#666666;"> <br> <br> <br> Q4 2022<br> Core results
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Gross profit from discontinued operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;178</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 385</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Income before taxes from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 377</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -89</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from discontinued operations before <br>gain on distribution of Sandoz Group AG to <br>Novartis AG shareholders
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br> -18
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> <br> <br> 288
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Gain on distribution of Sandoz Group AG to  Novartis AG shareholders</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   5&nbsp;860</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   -5&nbsp;860</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 5&nbsp;842</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 288</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Basic EPS from discontinued operations (USD)<sup style="white-space: nowrap">&nbsp;2</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2.85</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 0.13</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Taxes on the adjustments between IFRS and core results, for each item included in
               the adjustment, take into account 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.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Earnings per share (EPS) is calculated on the amount of net income attributable to
               shareholders of Novartis AG.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">54</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">CORE RESULTS &ndash; Reconciliation from IFRS Accounting Standards results to non-IFRS measure core results
      &ndash; Discontinued operations </font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions unless indicated otherwise)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023<br> IFRS <br> Accounting <br> Standards<br> results
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> Amortization<br> of intangible<br> assets<sup style="white-space: nowrap">     1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> <br> Impairments<sup style="white-space: nowrap">     2</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> Acquisition or <br> divestment of <br> businesses and<br> related items
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> Other <br> items<sup style="white-space: nowrap">     3</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> FY 2023<br> Core results
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#666666;"> <br> <br> <br> FY 2022<br> Core results
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Gross profit from discontinued operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;403</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 165</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 34</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 57</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3&nbsp;659</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="6%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 4&nbsp;801</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 265</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 165</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 43</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 712</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;185</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;871</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Income before taxes from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 214</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 165</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 43</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 718</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;140</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;837</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes<sup style="white-space: nowrap">&nbsp;4</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 208</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -251</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -431</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from discontinued operations before <br>gain on distribution of Sandoz Group AG to <br>Novartis AG shareholders
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br> 422
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br>
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> <br> <br> 889
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> <br> <br> 1&nbsp;406
            </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Gain on distribution of Sandoz Group AG to  Novartis AG shareholders</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   5&nbsp;860</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   -5&nbsp;860</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net income from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 6&nbsp;282</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 889</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;406</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Basic EPS from discontinued operations (USD)<sup style="white-space: nowrap">&nbsp;5</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 3.02</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 0.43</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 0.64</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td bgcolor="#ffffff" height="16px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">The following are adjustments to arrive at core gross profit from discontinued operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Cost of goods sold</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -4&nbsp;044</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 165</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 34</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 57</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -3&nbsp;788</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -4&nbsp;599</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td bgcolor="#ffffff" height="16px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">The following are adjustments to arrive at core operating income from discontinued
               operations
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Selling, general and administration</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;728</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;703</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -2&nbsp;047</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Research and development</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -671</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -661</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -821</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other income</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 56</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -24</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 31</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 93</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -795</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 654</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -141</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -155</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">The following are adjustments to arrive at core income before taxes from discontinued
               operations
            </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Other financial income and expense</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -14</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="16" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Amortization of intangible assets: cost of goods sold includes the amortization of
               acquired rights to currently marketed products and other production-related intangible
               assets
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> Impairments: cost of goods sold and research and development include impairment charges
               related to intangible assets; other income includes a reversal of impairment charges
               related to property, plant and equipment
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> Other items: cost of goods sold, selling, general and administration, other income
               and other expense include charges related to the Sandoz distribution, the company-wide
               rationalization of manufacturing sites and other net restructuring charges and related
               items; cost of goods sold and selling, general and administration also include adjustments
               to provisions; other expense includes legal-related items; other financial income
               and expense includes the impact of IAS 29 "Financial reporting in Hyperinflation Economies"
               for subsidiaries operating in hyperinflation economies
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;4&nbsp;</sup> Taxes on the adjustments between IFRS Accounting Standards and core results, for each
               item included in the adjustment, take into account 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 926 million to arrive at the core results
               before tax amounts to USD 459 million and the average tax rate on the adjustments
               was 49.5%.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;5&nbsp;</sup> Earnings per share (EPS) is calculated on the amount of net income attributable to
               shareholders of Novartis AG.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">55</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Free cash flow </font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The following table is a reconciliation of the three major categories of the IFRS
   Accounting Standards consolidated statements of cash flows to the non-IFRS measure
   free cash flow:
</div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td align="center" colspan="5" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="center" colspan="5" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
      </tr>
      <tr bgcolor="white">
         <td height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
      </tr>
      <tr>
         <td height="1"></td>
         <td height="1"></td>
         <td colspan="5" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td colspan="5" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
      </tr>
      <tr bgcolor="white">
         <td height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> IFRS <br> Accounting <br> Standards<br> cash flow
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> Adjustments
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> Free <br> cash flow
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#666666;"> IFRS <br> Accounting <br> Standards<br> cash flow
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#666666;"> <br> <br> <br> Adjustments<sup style="white-space: nowrap">    1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#666666;"> <br> Revised <br> Free <br> cash flow<sup style="white-space: nowrap">    1</sup></div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from operating activities from  continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   2&nbsp;547</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   2&nbsp;547</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   3&nbsp;768</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   3&nbsp;768</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows from operating activities from  discontinued operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   343</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   343</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows from operating activities</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;547</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;547</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 4&nbsp;111</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 4&nbsp;111</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows used in investing activities from  continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -1&nbsp;022</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   616</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -406</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   -1&nbsp;319</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   1&nbsp;013</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   -306</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows used in investing activities from  discontinued operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   -738</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   738</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   0</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   -148</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   56</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   -92</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows used in investing activities<sup style="white-space: nowrap">&nbsp;2</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -1&nbsp;760</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 1&nbsp;354</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -406</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -1&nbsp;467</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;069</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -398</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows used in financing activities from  continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -496</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   496</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   0</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   -4&nbsp;099</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   4&nbsp;099</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   0</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows from financing activities (used in)/from  discontinued operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   -111</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   111</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   0</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   105</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   -105</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   0</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows used in financing activities<sup style="white-space: nowrap">&nbsp;3</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -607</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 607</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 0</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -3&nbsp;994</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 3&nbsp;994</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 0</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Non-IFRS measure free cash  flow from continuing operations<sup style="white-space: nowrap"> &nbsp;1</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   2&nbsp;141</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   3&nbsp;462</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Non-IFRS measure free cash flow  from discontinued operations<sup style="white-space: nowrap"> &nbsp;1</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   251</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total non-IFRS measure  free cash flow<sup style="white-space: nowrap"> &nbsp;1</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   2&nbsp;141</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   3&nbsp;713</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> To aid in comparability, the prior year adjustments and free cash flow amounts have
               been revised to conform with the new free cash flow definition that was effective
               as of January 1, 2023.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> With the exception of purchases of property, plant and equipment, all net cash flows
               from investing activities from continuing operations and from discontinued operations
               are excluded from the free cash flow.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> Net cash flows (used in)/from financing activities from continuing operations and
               from discontinued operations are excluded from the free cash flow.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td>
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">56</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Free cash flow </font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="10px">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td></td>
         <td align="center" colspan="5" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="center" colspan="5" height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr bgcolor="white">
         <td height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
      </tr>
      <tr>
         <td height="1"></td>
         <td height="1"></td>
         <td colspan="5" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
         <td colspan="5" style="border-bottom: solid #000000 1px;"></td>
         <td height="1"></td>
      </tr>
      <tr bgcolor="white">
         <td height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
         <td colspan="5" height="3"></td>
         <td height="1"></td>
      </tr>
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> IFRS <br> Accounting <br> Standards<br> cash flow
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> <br> Adjustments
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> <br> Free <br> cash flow
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#666666;"> IFRS <br> Accounting <br> Standards<br> cash flow
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#666666;"> <br> <br> <br> Adjustments<sup style="white-space: nowrap">    1</sup></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#666666;"> <br> Revised<br>  Free <br> cash flow<sup style="white-space: nowrap">    1</sup></div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from operating  activities from  continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     14&nbsp;220</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     14&nbsp;220</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">     13&nbsp;039</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">     13&nbsp;039</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows from operating  activities from  discontinued operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     238</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     238</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     1&nbsp;197</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     1&nbsp;197</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows from  operating activities</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   14&nbsp;458</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   14&nbsp;458</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   14&nbsp;236</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   14&nbsp;236</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from/(used in)  investing activities from  continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     6&nbsp;719</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     -7&nbsp;779</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     -1&nbsp;060</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">     1&nbsp;904</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     -2&nbsp;820</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">     -916</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows used in investing  activities from  discontinued operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     -1&nbsp;123</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     904</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     -219</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     -436</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     154</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     -282</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows from/(used in) investing activities<sup style="white-space: nowrap"> &nbsp;2</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   5&nbsp;596</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -6&nbsp;875</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -1&nbsp;279</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   1&nbsp;468</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   -2&nbsp;666</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   -1&nbsp;198</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows used in financing  activities from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     -17&nbsp;564</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     17&nbsp;564</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">     0</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">     -20&nbsp;681</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     20&nbsp;681</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">     0</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net cash flows from financing activities from discontinued operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   3&nbsp;286</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   -3&nbsp;286</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   0</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   119</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   -119</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   0</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total net cash flows used in  financing activities<sup style="white-space: nowrap"> &nbsp;3</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   -14&nbsp;278</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   14&nbsp;278</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   0</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   -20&nbsp;562</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   20&nbsp;562</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   0</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="7%">
            <div style="font-family: arial, helvetica,sans-serif; font-size:10pt;color:#00ff00;"></div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Non-IFRS measure free cash  flow from continuing operations<sup style="white-space: nowrap"> &nbsp;1</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   13&nbsp;160</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   12&nbsp;123</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Non-IFRS measure free cash flow  from discontinued operations<sup style="white-space: nowrap"> &nbsp;1</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   19</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   915</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total non-IFRS measure  free cash flow<sup style="white-space: nowrap"> &nbsp;1</sup></div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">   13&nbsp;179</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   </div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;">   13&nbsp;038</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> To aid in comparability, the prior year adjustments and free cash flow amounts have
               been revised to conform with the new free cash flow definition that was effective
               as of January 1, 2023.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> With the exception of purchases of property, plant and equipment, all net cash flows
               from/(used in) investing activities from continuing operations and from discontinued
               operations are excluded from the free cash flow.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;3&nbsp;</sup> Net cash flows (used in)/from financing activities from continuing operations and
               from discontinued operations are excluded from the free cash flow.
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="14">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">57</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The following table is a summary of the non-IFRS measure free cash flow:</div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;582</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 1&nbsp;755</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Adjustments for non-cash items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Depreciation, amortization and impairments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;625</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;794</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Change in provisions and other non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -171</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 483</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 393</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 39</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income adjusted for non-cash items from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 4&nbsp;429</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 4&nbsp;071</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest received and change in other financial receipts</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 189</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 115</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest paid and change in other financial payments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -241</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -217</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes paid</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;093</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -334</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Payments out of provisions and other net cash movements in non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -353</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -323</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in inventories and trade receivables less trade payables</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 357</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 526</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in other net current assets and other operating cash flow items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -741</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -70</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from operating activities from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;547</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;768</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of property, plant and equipment</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -406</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -306</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Non-IFRS measure free cash flow from continuing operations<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;141</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;462</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Non-IFRS measure free cash flow from discontinued operations<sup style="white-space: nowrap">&nbsp;1, 2</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 251</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total non-IFRS measure free cash flow<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;141</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 3&nbsp;713</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> To aid in comparability, the prior year free cash flow amounts have been revised to
               conform with the new free cash flow definition that was effective as of January 1,
               2023
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> In the fourth quarter of 2022 the free cash flow from discontinued operations was
               a cash inflow of USD 251 million consisting of USD 343 million net cash inflows from
               operating activities from discontinued operations, less purchases of property, plant
               and equipment by discontinued operations of USD 92 million.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 9&nbsp;769</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 7&nbsp;946</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Adjustments for non-cash items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Depreciation, amortization and impairments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8&nbsp;383</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 6&nbsp;965</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Change in provisions and other non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 61</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1&nbsp;318</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Other</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 728</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 451</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Operating income adjusted for non-cash items from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 18&nbsp;941</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 16&nbsp;680</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Dividends received from associated companies and others</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 2</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest received and other financial receipts</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 735</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 323</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Interest paid and other financial payments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -768</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -693</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Income taxes paid</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2&nbsp;787</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;702</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Payments out of provisions and other net cash movements in non-current liabilities</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;534</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -774</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in inventories and trade receivables less trade payables</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;571</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -1&nbsp;138</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in other net current assets and other operating cash flow items</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1&nbsp;202</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 342</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net cash flows from operating activities from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;220</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 13&nbsp;039</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Purchases of property, plant and equipment</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -1&nbsp;060</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -916</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Non-IFRS measure free cash flow from continuing operations<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13&nbsp;160</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 12&nbsp;123</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Non-IFRS measure free cash flow from discontinued operations<sup style="white-space: nowrap">&nbsp;1, 2</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 19</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 915</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total non-IFRS measure free cash flow<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 13&nbsp;179</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 13&nbsp;038</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> To aid in comparability, the prior year free cash flow amounts have been revised to
               conform with the new free cash flow definition that was effective as of January 1,
               2023
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;2&nbsp;</sup> In 2023, the free cash flow from discontinued operations was a cash inflow of USD
               19 million (2022: USD 915 million) consisting of USD 238 million (2022: USD 1 197
               million) net cash inflows from operating activities from discontinued operations,
               less purchases of property, plant and equipment by discontinued operations of USD
               219 million (2022: USD 282 million).
            </div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">58</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Additional information</font></div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Net debt</font></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Condensed consolidated changes in net debt </b></div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Q4 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Q4 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net change in cash and cash equivalents</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 988</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -1&nbsp;209</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in marketable securities, commodities,  time deposits, financial debts and derivatives financial instruments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     -340</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     1&nbsp;648</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Change in net debt</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 648</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 439</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net debt at October 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -10&nbsp;831</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -7&nbsp;684</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net debt at December 31</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -10&nbsp;183</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -7&nbsp;245</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;">(USD millions)</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> FY 2023</div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> FY 2022</div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net change in cash and cash equivalents</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 5&nbsp;876</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -4&nbsp;890</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Change in marketable securities, commodities,  time deposits, financial debts and derivatives financial instruments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">     -8&nbsp;814</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">     -1&nbsp;487</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Change in net debt</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -2&nbsp;938</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -6&nbsp;377</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net debt at January 1</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7&nbsp;245</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -868</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net debt at December 31</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -10&nbsp;183</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -7&nbsp;245</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Components of net debt</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD millions)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Dec 31, <br> 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Dec 31, <br> 2022
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Non-current financial debts</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -18&nbsp;436</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> -20&nbsp;244</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Current financial debts and derivative  financial instruments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   -6&nbsp;175</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   -5&nbsp;931</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total financial debts</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -24&nbsp;611</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -26&nbsp;175</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Less liquidity</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Cash and cash equivalents</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13&nbsp;393</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 7&nbsp;517</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="margin-left: 10px;font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">&nbsp;&nbsp;&nbsp;Marketable securities, commodities, time   deposits and derivative financial instruments</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">   1&nbsp;035</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;">   11&nbsp;413</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Total liquidity</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 14&nbsp;428</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> 18&nbsp;930</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;">Net debt at end of period</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> -10&nbsp;183</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#666666;"> -7&nbsp;245</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 3px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
   </table>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Share information </font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Dec 31, <br> 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Dec 31, <br> 2022
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Number of shares outstanding</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 2&nbsp;044&nbsp;033&nbsp;986</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="14%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 2&nbsp;119&nbsp;609&nbsp;057</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Registered share price (CHF)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 84.87</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 83.59</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">ADR price (USD)</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 100.97</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 90.72</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Market capitalization (USD billions)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 206.3</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 191.5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Market capitalization (CHF billions)<sup style="white-space: nowrap">&nbsp;1</sup></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; font-weight:bold; color:#000000;"> 173.5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 177.2</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="6" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom">
         <td height="10px" colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
      </tr>
      <tr valign="bottom">
         <td colspan="6">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;"><sup>&nbsp;1&nbsp;</sup> Market capitalization is calculated based on the number of shares outstanding (excluding
               treasury shares). Market capitalization in USD is based on the market capitalization
               in CHF converted at the quarter end CHF/USD exchange rate.
            </div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">59</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div style=" padding-bottom: 10px;"><font style="font-family:arial,helvetica,sans-serif; font-size:14pt; color:#000000; font-weight:bold;">Effects of currency fluctuations</font></div><a name="anchorId00243458"></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Principal currency translation rates</font></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"><br>(USD per unit)
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> Average <br> rates<br> Q4 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> Average <br> rates<br> Q4 2022
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> Average <br> rates<br> FY 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> <br> Average <br> rates<br> FY 2022
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Period-end <br> rates<br> Dec 31, <br> 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#666666;"> Period-end <br> rates<br> Dec 31, <br> 2022
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">1 CHF</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.127</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.038</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.113</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.048</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.189</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="7%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.081</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">1 CNY</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0.138</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.141</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0.141</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.149</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0.141</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.144</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">1 EUR</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.076</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.020</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.082</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.054</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.107</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.065</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">1 GBP</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.241</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.173</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.243</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.237</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.275</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.207</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">100 JPY</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0.676</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.708</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0.713</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.766</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 0.707</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 0.757</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">100 RUB</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.079</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.589</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.185</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.481</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 1.111</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#666666;"> 1.380</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="14" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
   </table>
</div><a name=""></a><div style="padding-bottom:0px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Currency impact on key figures</font></div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">The following table provides a summary of the currency impact on key Company figures
   due to their conversion into US dollars, the Company&#x2019;s reporting currency, of the
   financial data from entities reporting in non-US dollars. Constant currency (cc) calculations
   apply the exchange rates of the prior year period to the current period financial
   data for entities reporting in non-US dollars.
</div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Fourth quarter</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> Change in<br> USD %<br> Q4 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Change in<br>  constant<br>  currencies  %<br> Q4 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Percentage<br> point currency<br>  impact<br> Q4 2023
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net sales from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 47</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 68</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -21</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 101</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 130</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -29</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Basic earnings per share (USD) from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 108</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 140</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -32</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Core operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 5</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -8</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Core net income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 6</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -5</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Core basic earnings per share (USD) from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 16</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom">
         <td colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-top:0px;font-family:arial,helvetica,sans-serif; font-size:8pt; color:#000000;text-align:justify; "><b>Full year</b></div>
<div style="padding-top:10px; padding-bottom:30px;">
   <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" width="100%">
      <tr valign="bottom">
         <td height="12">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;"></div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> <br> Change in<br> USD %<br> FY 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Change in<br>  constant<br>  currencies  %<br> FY 2023
            </div>
         </td>
         <td></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; font-weight:bold; color:#000000;"> Percentage<br> point currency<br>  impact<br> FY 2023
            </div>
         </td>
         <td></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net sales from continuing operations</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 8</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 10</div>
         </td>
         <td align="right" width="1%"></td>
         <td align="right" width="11%">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -2</div>
         </td>
         <td align="right" width="1%"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 23</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 39</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -16</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Net income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 42</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 62</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -20</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Basic earnings per share (USD) from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 49</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 70</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -21</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Core operating income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 11</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Core net income from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 13</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 19</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -6</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 1px;height:1px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;">Core basic earnings per share (USD) from continuing operations</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 18</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> 25</div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> -7</div>
         </td>
         <td align="right"></td>
      </tr>
      <tr>
         <td colspan="8" style="border-bottom: solid #000000 2px;"></td>
      </tr>
      <tr valign="bottom" bgcolor="#ffffff">
         <td height="16">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"></div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
         <td align="right">
            <div style="font-family:arial,helvetica,sans-serif;font-size:10pt; color:#000000;"> </div>
         </td>
         <td align="right"></td>
      </tr>
      <tr valign="bottom">
         <td colspan="8">
            <div style="font-family:arial,helvetica,sans-serif;font-size:8pt; color:#000000;margin-left:10pt; text-indent:-10pt;">&nbsp;&nbsp;&nbsp;<sup>&nbsp;</sup></div>
         </td>
      </tr>
   </table>
</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">60</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Disclaimer </font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">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 &#x201c;may,&#x201d; &#x201c;continue,&#x201d;  &#x201c;ongoing,&#x201d; &#x201c;grow,&#x201d; &#x201c;launch,&#x201d; &#x201c;expect,&#x201d;  &#x201c;deliver,&#x201d;
   &#x201c;transformation,&#x201d; &#x201c;focus,&#x201d; &#x201c;address,&#x201d; &#x201c;accelerate,&#x201d; &#x201c;remain,&#x201d; &#x201c;scaling,&#x201d; &#x201c;guidance,&#x201d;
   &#x201c;outlook,&#x201d; &#x201c;long-term,&#x201d; &#x201c;driven,&#x201d; &#x201c;priority,&#x201d; &#x201c;potential,&#x201d; &#x201c;can,&#x201d;  &#x201c;will,&#x201d; &#x201c;propose,&#x201d;
   or similar expressions, or by express or implied discussions regarding potential new
   products, potential new indications for existing products, potential product launches,
   or regarding potential future revenues from any such products; or regarding results
   of ongoing clinical trials; or regarding ongoing or future share repurchases; or regarding
   potential future, pending or announced transactions; regarding potential future sales
   or earnings; or by discussions of strategy, plans, expectations or intentions, including
   discussions regarding our continued investment into new R&amp;D capabilities and manufacturing;
   or regarding our capital structure; or regarding the consequences of the spin-off
   of Sandoz and our transformation into a &#x201c;pure-play&#x201d; innovative medicines company.
   Such forward-looking statements are based on the current beliefs and expectations
   of management regarding future events and are subject to significant known and unknown
   risks and uncertainties. Should one or more of these risks or uncertainties materialize,
   or should underlying assumptions prove incorrect, actual results may vary materially
   from those set forth in the forward-looking statements. You should not place undue
   reliance on these statements. In particular, our expectations could be affected by,
   among other things: uncertainties regarding the success of key products, commercial
   priorities and strategy; uncertainties in the research and development of new products,
   including clinical trial results and additional analysis of existing clinical data;
   uncertainties regarding the use of new and disruptive technologies, including artificial
   intelligence; global trends toward healthcare cost containment, including ongoing
   government, payer and general public pricing and reimbursement pressures and requirements
   for increased pricing transparency; uncertainties regarding our ability to realize
   the strategic benefits, operational efficiencies or opportunities expected from our
   external business opportunities; our ability to realize the intended benefits of our
   separation of Sandoz into a new publicly traded standalone company; 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; uncertainties in the development or adoption of potentially transformational
   digital technologies and business models; uncertainties surrounding the implementation
   of our new IT projects and systems; uncertainties regarding potential significant
   breaches of information security or disruptions of our information technology systems;
   uncertainties regarding actual or potential legal proceedings, including regulatory
   actions or delays or government regulation related to the products and pipeline products
   described in this press release; safety, quality, data integrity, or manufacturing
   issues; our performance on and ability to comply with environmental, social and governance
   measures and requirements; major political, macroeconomic and business developments,
   including impact of the war in certain parts of the world; uncertainties regarding
   future global exchange rates; uncertainties regarding future demand for our products;
   and other risks and factors referred to in Novartis AG&#x2019;s current Form 20-F on file
   with the US Securities and Exchange Commission. Novartis is providing the information
   in this press release as of this date and does not undertake any obligation to update
   any forward-looking statements as a result of new information, future events or otherwise.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">All product names appearing in italics are trademarks owned by or licensed to Novartis.</div>
<div style="padding-bottom:10px;"></div>
<div style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
   <div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; text-indent:20.0pt;">61</font><div style="padding-bottom:10px;"></div>
      <hr style="HEIGHT: 2px; WIDTH: 100%; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px" noshade size="3">
   </div>
   <div style="padding-bottom:30px;"></div>
</div><a name=""></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">About Novartis</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Novartis is an innovative medicines company. Every day, we work to reimagine medicine
   to improve and extend people&#x2019;s lives so that patients, healthcare professionals and
   societies are empowered in the face of serious disease. Our medicines reach more than
   250 million people worldwide.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Reimagine medicine with us: Visit us at https://www.novartis.com and connect with
   us on LinkedIn, Facebook, X/Twitter and Instagram.
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Novartis will conduct a conference call with investors to discuss this news release
   today at 14:00 Central European time and 8:00 Eastern Time. A simultaneous webcast
   of the call for investors and other interested parties may be accessed by visiting
   the Novartis website. A replay will be available after the live webcast by visiting
   https://www.novartis.com/investors/event-calendar.
</div>
<div style="padding-bottom:15px;font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify;margin-top:15px;">Additional information is provided on our business and pipeline of selected compounds
   in late stage development. A copy of today's earnings call presentation can be found at https://www.novartis.com/investors/event-calendar.
</div><a name=""></a><div><font style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000; font-weight:bold;">Important dates</font></div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">
   <div style="float:left; width: 150px;">March 5, 2024</div>
   <div style="">Annual General Meeting</div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">
   <div style="float:left; width: 150px;">April 23, 2024</div>
   <div style="">First quarter 2024 results</div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">
   <div style="float:left; width: 150px;">May 15-16, 2024</div>
   <div style="">Meet Novartis Management 2024 (Cambridge, MA, USA)</div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">
   <div style="float:left; width: 150px;">July 18, 2024</div>
   <div style="">Second quarter &amp; Half year 2024 results</div>
</div>
<div style="font-family:arial,helvetica,sans-serif; font-size:10pt; color:#000000;text-align:justify; ">
   <div style="float:left; width: 150px;">October 29, 2024</div>
   <div style="">Third quarter &amp; Nine months 2024 results</div>
</div>
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&     /_9

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