Schouw & Co. — Director's Dealing 2011

Sep 2, 2011

Report of transactions with shares and related securities in

Aktieselskabet Schouw & Co. by persons discharging managerial

responsibilities and persons/companies closely associated with these.

According to section 28a of the Danisch Securities Act Aktieselskabet

Schouw & Co. must report transactions with Aktieselskabet Schouw & Co's.

shares and related securities by managerial staff and their related parties.

Name Kjeld Johannesen

Reason Member of the Board of Directors

Issuer A/S Schouw & Co.

Securities Code DK0010253921

Description Shares

Transaction Purchase

Trading Date 2011-09-01

Market NASDAQ OMX

Number 10,000

Market value (DKK) 1,230,000.00