Enzyme Business – Strategy and activities - Novozymes

20 8/9/2009NOVOZYMES' CAPITAL MARKETS DAYLong-term fundamentals are unchanged• Current global economicactivity is affected by therecession• But long-term fundamentalsseem unchanged:• There is still a strong focus onCO 2 emission reductions and onreducing technologies• There is a general expectation ti ofcommodity prices becomingmore volatile• And that at price levels higherthan the historic levels