Trading by insiders in Novozymes A/S B shares

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

ISIN Trading date Number of shares traded, net
DK0010272129
November 11, 2003        -1,082
Market value of number of shares traded, net
 
Total number of shares held by insiders Market value of shares held by insiders
 
DKK 232,089 131,192 28,206,280

Contacts:
 
Press and media Equity analysts and investors
Eva Louise Holm Petersen
Tel. (direct): +45 4442 3338 
Thomas Kudsk Larsen
Tel. (direct): +45 3079 5969