Insider trading no. 16

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.

Name

Relation/Category

of close relation

Trading date Character of the transaction

No of shares traded

Buy (+)/Sell (-) 

(nos.)

Market value of shares traded (DKK)
Per Falholt    EVP, Research & Development 23/11 2007     Shares

- 1,000

- 2,000

   523,000

1,040,000