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 transaction

Volume of transaction
Buy (+)/
Sell (-)

Value of transaction (DKK)
Soeren H. Jepsen Employee representative of
the Board
29/10 '10   

Exercise of Options

(purchase of shares)

+350

  59,150.00
                                                    29/10
'10            
Sales of shares        -350                    250,600.00