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
3/12 '10   
Sale of shares
- 2,847
  2,224,503