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)
Peder Holk Nielsen

EVP,

Enzyme Business

26/11 '10   

Sale of shares

- 7,500

  5,583,300