Trading by insiders in Novozymes A/S B shares

In accordance with Section 37 of the Danish Securities Trading Act, Novozymes hereby reports the following:

ISIN Trading date Number of shares traded, net
DK0010272129
May 23, 2003        +1,785
Market value of number of shares traded, net
 
Total number of shares held by insiders Market value of shares held by insiders
 
DKK 298,095 140,375 24,986,750








Contacts:
 
Press and media Equity analysts and investors
Eva Louise Holm Petersen
Tel. (direct): +45 4442 3338 

Nicolai Kampmann
Tel. (direct): +45 4442 4161

Michael Steen-Knudsen
Tel. (direct): +45 3079 6048

Thomas Kudsk Larsen
Tel. (direct): 045 4442 5969