Trading by management in Novozymes A/S B shares

In accordance with Section 28a of the Danish Securities Trading Act, Novozymes reports the following transactions under ISIN DK0010272129, Novozymes B shares under the symbol NZYM B.

7. December 2009
Name

Relation/Category

of close relation

 Trading date Character of the transaction

No. of shares traded

Buy (+)/
Sell (-)

 Market value of shares traded
Ulla Morin Employee representative of BoD 4/12 '09    Share options + 300    55,800
4/12 '09 Share options - 300

 150,156