Management trading 2008, no. 1

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
Peder Holk Nielsen  EVP, Enzymes Business 30/1 2008     Shares + 10,900 4,310,732