Trading by Management in Novozymes A/S B shares

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
Per Falholt EVP, Research & Development 26/11-2007 Shares

-    225

- 2,000