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Amsterdam
Brussels
London
Luxemburg
New York
Rotterdam
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This communication is confidential and may be subject to professional privilege. All legal relationships are subject to NautaDutilh N.V.’s general terms and conditions (see https://www.nautadutilh.com/terms),
which apply mutatis mutandis to our relationship with third parties relying on statements of NautaDutilh N.V., include a limitation of liability clause, have been filed with the Rotterdam District Court and will be provided free of charge
upon request. NautaDutilh N.V.; corporate seat Rotterdam; trade register no. 24338323.
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This opinion letter sets out our opinion on certain matters of the laws with general applicability of the Netherlands, and, insofar as they are directly applicable in the Netherlands, of the European Union,
as at today’s date and as presently interpreted under published authoritative case law of the Dutch courts, the General Court and the Court of Justice of the European Union. We do not express any opinion on tax law, Dutch or European
competition law, data protection law, securitization law or regulatory law. No undertaking is assumed on our part to revise, update or amend this opinion letter in connection with or to notify or inform you of, any developments and/or
changes of Dutch law subsequent to today’s date. We do not purport to opine on the consequences of amendments to the Opinion Documents or the Corporate Documents subsequent to the date of this opinion letter.
The opinions expressed in this opinion letter are to be construed and interpreted in accordance with Dutch law. The competent courts at Amsterdam, the Netherlands have exclusive jurisdiction to settle any
issues of interpretation or liability arising out of or in connection with this opinion letter. Any legal relationship arising out of or in connection with this opinion letter (whether contractual or non-contractual), including the above
submission as to jurisdiction, is governed by Dutch law and shall be subject to the general terms and conditions of NautaDutilh. Any liability arising out of or in connection with this opinion letter shall be limited to the amount which
is paid out under NautaDutilh’s insurance policy in the matter concerned. No person other than NautaDutilh may be held liable in connection with this opinion letter.
In this opinion letter, legal concepts are expressed in English terms. The Dutch legal concepts concerned may not be identical in meaning to the concepts described by the English terms as they exist under
the law of other jurisdictions. In the event of a conflict or inconsistency, the relevant expression shall be deemed to refer only to the Dutch legal concepts described by the English terms.
For the purposes of this opinion letter, we have assumed that:
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| a. |
drafts of documents reviewed by us will be signed in the form of those drafts, each copy of a document conforms to the original, each original is authentic, and each signature is the genuine signature of the individual purported to have
placed that signature;
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| b. |
if any signature under any document is an electronic signature (as opposed to a handwritten (“wet ink”) signature) only, it is either a qualified electronic signature within the meaning of the eIDAS Regulation, or the method used for
signing is otherwise sufficiently reliable;
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| c. |
the Registration Statement has been declared effective by, and the Prospectus Supplement has been filed with, the SEC in the forms reviewed by us;
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| d. |
(i) no internal regulations (reglementen) have been adopted by any corporate body of the Dutch Company which would affect the validity of the resolutions recorded in the Resolutions and (ii) the
Articles of Association were the Dutch Company’s articles of association in force when the Opinion Documents were entered into by the Dutch Company and as they are currently in force. The Extract supports item (ii) of this assumption;
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| e. |
the Dutch Company has not (i) been dissolved (ontbonden), (ii) ceased to exist pursuant to a merger (fusie) or a division (splitsing), (iii) been converted (omgezet) into another legal form, either national or foreign, (iv) had its assets placed under administration (onder
bewind gesteld), (v) been declared bankrupt (failliet verklaard), been granted a suspension of payments (surseance van betaling verleend), or started
or become subject to statutory proceedings for the restructuring of its debts (akkoordprocedure) or (vi) been made subject to similar proceedings in any jurisdiction or otherwise been limited in its
power to dispose of its assets. The Extract and our inquiries of 16 June 2026 with the Insolvency Registers support the items (i) through (v) (except for any statutory proceedings for the restructuring of debts (akkoordprocedure) that have not, or not yet, been filed in the Insolvency Registers) of this assumption. However, this information does not constitute conclusive evidence that the events set out in items (i) through (v)
have not occurred;
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| f. |
the resolutions recorded in the Resolutions are (and were at all relevant times) in full force and effect, and the factual statements made and the confirmations given in the Resolutions are (and were at all relevant times) complete and
correct;
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| g. |
each Power of Attorney (i) is in full force and effect, and (ii) under any applicable law other than Dutch law, validly authorises the person or persons purported to be granted power of attorney, to represent and bind the Dutch Company
for the purposes stated therein; and
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| h. |
the issuance of the Notes, to the extent made in the Netherlands, has been, is and will be made in conformity with the Prospectus Supplement, the Prospectus Regulation, the PRIIPS Regulation and the rules promulgated thereunder.
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Based upon and subject to the foregoing and subject to the qualifications set forth in this opinion letter and to any matters, documents or events not disclosed to us, we express the following opinions: |
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| 1. |
The Dutch Company has been duly incorporated and is validly existing as a besloten vennootschap met beperkte aansprakelijkheid.
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| 2. |
The Dutch Company has the corporate power to enter into the Opinion Documents and to perform its obligations thereunder. The Dutch Company does not violate any provision of its Articles of Association by entering into the Opinion
Documents or performing its obligations thereunder.
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| 3. |
The Dutch Company has taken all corporate action required by its Articles of Association and Dutch law in connection with entering into the Opinion Documents.
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| 4. |
The Opinion Documents have been validly signed on behalf of the Dutch Company.
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| B. |
The opinion expressed in paragraph 1 (Incorporation and Corporate Status) of this opinion letter must not be read to imply that the Dutch Company cannot be dissolved (ontbonden). A company such as the Dutch Company may be dissolved, inter alia by the competent court at the request of the company’s management board, any interested party (belanghebbende) or the public prosecution office in certain circumstances, such as when there are certain defects in the incorporation of the company. Any such dissolution will not have retro-active
effect.
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| C. |
The Extract does not constitute conclusive evidence of the facts reflected therein.
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| D. |
Pursuant to Article 2:7 DCC, any transaction entered into by a legal entity may be nullified by the legal entity itself or its liquidator in bankruptcy proceedings (curator) if the objects of that
entity were transgressed by the transaction and the other party to the transaction knew or should have known this without independent investigation (wist of zonder eigen onderzoek moest weten). The
Dutch Supreme Court (Hoge Raad der Nederlanden) has ruled that in determining whether the objects of a legal entity are transgressed, not only the description of the objects in that legal entity’s
articles of association (statuten) is decisive, but all (relevant) circumstances must be taken into account, in particular whether the interests of the legal entity were served by the transaction.
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| E. |
A power of attorney or mandate granted by the Dutch Company will terminate in the event of a bankruptcy and become ineffective upon the suspension of payments of the principal or, unless otherwise provided, the attorney.
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| F. |
The opinions expressed in this opinion letter may be limited or affected by:
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| a. |
rules relating to Insolvency Proceedings or similar proceedings under a foreign law and other rules affecting creditors’ rights generally;
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| b. |
the provisions of fraudulent preference and fraudulent conveyance (Actio Pauliana) and similar rights available in other jurisdictions to insolvency practitioners and insolvency office holders in
bankruptcy proceedings or creditors;
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| c. |
claims based on tort (onrechtmatige daad);
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| d. |
sanctions and measures, including but not limited to those concerning export control, pursuant to European Union regulations, under the Dutch Sanctions Act 1977 (Sanctiewet 1977) or other
legislation;
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| e. |
the Anti-Boycott Regulation and related legislation;
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| f. |
any intervention, recovery or resolution measure by any regulatory or other authority or governmental body in relation to financial enterprises or their affiliated entities; and
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| g. |
the rules of force majeure (niet toerekenbare tekortkoming), reasonableness and fairness (redelijkheid en billijkheid), suspension (opschorting), dissolution (ontbinding), unforeseen circumstances (onvoorziene omstandigheden) and vitiated consent (i.e.,
duress (bedreiging), fraud (bedrog), abuse of circumstances (misbruik van omstandigheden) and error (dwaling)) or a difference of intention (wil) and declaration (verklaring).
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| G. |
This opinion letter does not purport to express any opinion or view on the operational rules and procedures of any clearing or settlement system or agency.
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We consent to the filing of this opinion letter as an exhibit to the Registration Statement and also consent to the reference to NautaDutilh in the Registration Statement under the caption “Legal Matters”
and in the Prospectus
Supplement under the caption “Validity of the Notes and the Guarantees”. In giving this consent we do not admit or imply that we are a person whose consent is required under Section 7 of the United States
Securities Act of 1933, as amended, or any rules and regulations promulgated thereunder.
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| EXHIBIT A | ||
| LIST OF DEFINITIONS | ||
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“Anti-Boycott Regulation”
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Regulation (EC) No 2271/96 on protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom
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“Articles of Association”
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the Dutch Company’s articles of association (statuten) as they read from time to time
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“Board”
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the board of directors (bestuur) of the Dutch Company.
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“Commercial Register”
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the Commercial Register held by the Dutch Chamber of Commerce (handelsregister gehouden door de Kamer van Koophandel)
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“Corporate Documents”
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the documents listed in Exhibit C.
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“DCC”
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the Dutch Civil Code (Burgerlijk Wetboek)
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“Deed of Incorporation”
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the deed of incorporation (akte van oprichting) of the Dutch Company, dated 25 July 2019
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“Dutch Bankruptcy Code”
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the Dutch Bankruptcy Code (Faillissementswet)
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“Dutch Company”
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Mylan II B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid), registered with the Commercial Register under number
75453444
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“eIDAS Regulation”
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Regulation (EU) No 910/2014 of the European Parliament and of the Council of 23 July 2014 on electronic identification and trust services for electronic transactions in the internal market and repealing
Directive 1999/93/EC
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“Extract”
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a pdf copy of an extract from the Commercial Register, received by us by email and dated 16 June 2026 with respect to the Dutch Company
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“Indentures”
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the indenture and first supplemental indenture entered into between Viatris Inc., the Dutch Company as Guarantor, any additional Guarantors (as defined therein) and the Trustee in respect of the issuance of
Notes
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“Insolvency Proceedings”
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any insolvency proceedings within the meaning of Regulation (EU) 2015/848 on insolvency proceedings (recast), listed in Annex A thereto and any statutory proceedings for the restructuring of debts (akkoordprocedure) pursuant to the Dutch Bankruptcy Code
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“Insolvency Registers”
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the online central insolvency register (Centraal Insolventie Register), the online EU Insolvency Register (Centraal Insolventie
Register - EU Registraties) and the online Register of Decisions in a WHOA Procedure (Register uitspraken in een WHOA-procedure) held by the Council for the Administration of Justice (Raad voor de Rechtspraak)
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“NautaDutilh”
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NautaDutilh N.V.
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“the Netherlands”
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the European territory of the Kingdom of the Netherlands and “Dutch” is in or from the Netherlands
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“Notes”
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the EUR 650,000,000 4.250% senior notes due 2033 issued by Viatris Inc.
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“Opinion Documents”
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the documents listed in Exhibit B
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“Power of Attorney”
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any power of attorney granted or to be granted by the Dutch Company for the purposes of executing Opinion Documents on behalf of the Dutch Company and the performance of the Dutch Company’s obligations
thereunder, as relevant
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“PRIIPS Regulation”
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Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance based investment products (PRIIPs)
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“Prospectus Regulation”
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Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated
market, and repealing Directive 2003/71/EC
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“Prospectus Supplement”
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Viatris Inc.’s prospectus supplement dated 12 June 2026 to the prospectus included in the Registration Statement and filed with the SEC on 15 June 2026
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“Registration Statement”
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Viatris Inc.’s registration statement on Form S-3 dated 8 May 2025.
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“Resolutions”
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in relation to the Dutch Company, the document or documents containing the resolutions of its management board (bestuur), dated 30
April 2025 and 10 June 2026
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“SEC”
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the United States Securities and Exchange Commission
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“Trustee”
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The Bank of New York Mellon
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“Viatris Inc.”
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Viatris Inc., a Delaware corporation with its address at 1000 Mylan Boulevard, Canonsburg, Pennsylvania 15317
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EXHIBIT B
LIST OF OPINION DOCUMENTS
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| 1. |
the Indentures;
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| 2. |
the Prospectus Supplement; and
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the Registration Statement.
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EXHIBIT C
LIST OF CORPORATE DOCUMENTS
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| 1. |
the Deed of Incorporation;
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| 2. |
the Extract; and
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| 3. |
the Resolutions.
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