Novartis AG Recommends Rejection of ''Mini-tender’’ Offer by TRC Capital for American Depositary Shares

Basel, June 12, 2008 - Novartis has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation, a private Canadian investment company that is offering to purchase up to two million American Depositary Shares (ADSs), or 0.08% of the Group’s outstanding share capital.

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