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 (-)

Market value of shares traded
Peder Holk Nielsen  EVP, Enzymes Business 18/9 2008     Share options - 10,200 4,980,550