Initiation of share buyback program - Novozymes A/S B shares

On January 20, 2012, Novozymes initiated a share buyback program in accordance with the provisions of European Commission (EC) Regulation No 2273/2003 of 22 December 2003, also referred to as the Safe Harbour Regulation.

The share buyback program was announced in connection with Novozymes’ first-half results on August 11, 2011. The program covers an amount of up to DKK 2 billion over a 2-year period, starting in 2012.
Under the program Novozymes will buy back B shares for an amount of up to DKK 1 billion in the period from January 20, 2012, to December 31, 2012, corresponding to approximately 6 million B shares at the current share price.
The maximum number of shares to be purchased in the company per daily market session will be equivalent to 25% of the average volume of shares in the company traded on NASDAQ OMX Copenhagen during the preceding 20 business days.
Contact persons:
Press and media: 
Investor Relations:
René Tronborg (Europe)
Tel. (mobile): +45 3077 2274
Paige Donnelly (USA)
Tel. (mobile): +1 919 218 4501
Martin Riise (DK)
Tel. (mobile): +45 3077 0738
Thomas Bomhoff (USA)
Tel. (US mobile): +1 919 649 2565
Tel. (DK mobile): +45 3077 1226