Reduction of share capital

Bagsvaerd – Novozymes has completed a reduction of its share capital as decided and approved at Novozymes A/S’ annual general meeting on March 1, 2006.

The right to contest a claim has expired unchallenged and therefore the reduction of Novozymes’ share capital has been filed and registered with the Danish Commerce and Companies Agency.

The reduction of share capital constitutes DKK 46 million and after registration the share capital will be DKK 650 million, corresponding to 65.0 million shares.

Share capital in DKK

No. of shares, DKK 10

A shares

107,487,200

10,748,720

B shares

542,512,800

54,251,280

Total

650,000,000

65,000,000

As at June 12, 2006, Novozymes’ holding of own shares comprised 6,471,082 B shares, equivalent to 1,871,082 B shares after capital write-down or 2.88% of the written-down share capital.