On February 11, 2011, Novozymes initiated a share buyback program in accordance
with the provisions of European Commission Regulation no. 2273/2003 of December
22, 2003, also referred to as the Safe Harbour Regulation. 

Novozymes has now completed the announced program to repurchase up to DKK 400
million worth of shares in the period from February 11, 2011, to December 31,
2011 to cover its commitments regarding employee incentive programs. 491,000
shares have been bought back at an average price of DKK 814.27. 

Read the whole announcement