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
February 20, 2004       0
Market value of number of shares traded, net
 
Total number of shares held by insiders Market value of shares held by insiders
 
DKK 266,000 105,342 25,387,422








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