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 (-) 

(no.)

Market value of shares traded (DKK)
Per Falholt    EVP, Research & Development 29/11 2007     Shares

-    725

- 1,275

407,450

714,000