Novartis update on expected currency impact

Update on expected currency impact

January 10, 2017

Dear All,

Over the last few years we have provided information on the estimated impact of exchange rate fluctuations
on our results during our quarterly earnings presentations.

Starting today, we are going to provide this on a monthly basis (generally around the middle of each month)
for each of the months that fall between quarterly releases (i.e. February, March, May, June, August,
September, November and December) on our website. This is the expected currency impact, if currencies
stay at mid-month levels of current month for the future. Exceptionally, for this first update we use early
January rates.

Our currency impact update can be found on the following link https://www.novartis.com/investors/financial-data
and is also attached to this email.