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Statements of the Board of Directors and the Management

The Board of Directors and the Management have considered and approved the Annual Report for 2007 of Novozymes A/S.

The consolidated financial statements are presented in accordance with the International Financial Reporting Standards (IFRS), as adopted by the EU, and the Parent Company financial statements are presented in accordance with the Danish Financial Statements Act. In addition, the Annual Report has been prepared in accordance with the additional Danish annual report requirements for listed companies.

In our opinion, the accounting policies used are appropriate, the Group’s internal controls relevant to preparation and presentation of an annual report are adequate. The Annual Report gives therefore a true and fair view of the Group’s and the Parent Company’s assets, liabilities and financial position at December 31, 2007 and of the results of the Group’s and the Parent Company’s operations and consolidated cash flows for the financial year 2007.

The Annual Report is recommended for approval by the Annual General Meeting.

 Gladsaxe, January 24, 2008

Management:



Steen Riisgaard
President & CEO

Per
Falholt



Benny
D. Loft

Thomas
Nagy



Peder Holk Nielsen

Thomas
Videbæk

 

Board of Directors:


Henrik Gürtler
Chairman

Kurt Anker Nielsen
Vice-Chairman

Paul
Petter Aas

Arne  
Juul Hansen

Jerker
Hartwall



Søren Henrik Jepsen

Ulla
Morin

Walther Thygesen

Mathias
Uhlén

Hans
Werdelin