Trading by management in Novozymes A/S B shares

In accordance with Section 28a of the Danish Securities Trading Act, Novozymes reports the following transaction 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
Steen Riisgaard President & CEO 23/11 '09    Share options + 741  117,819
23/11 '09 Share options - 741

 372,767