Insiders' dealing


2007-03-20.                                                                     
					Stock Exchange Information                                                 
					Page 1/2                                                                   
To: The Copenhagen Stock Exchange                                               





Report of transactions with shares and related securities in                    
Aktieselskabet Schouw & Co. by persons discharging managerial                   
responsabilities 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.    



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| Name                     | Jens Bjerg Sørensen                               |
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| Reason                   | Member of the management board                    |
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| Issuer                   | A/S Schouw & Co.                                  |
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| Securities Code          | DK0010253921                                      |
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| Description              | Shares                                            |
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| Transaction              | Exercise of options                               |
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| Trading Date             | 2007-03-16                                        |
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| Market                   | Copenhagen Stock Exchange                         |
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| Number                   | 12,000                                            |
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| Market value (DKK)       | 5,004,000.00 (Closing price 2007-03-16)           |
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2007-03-20.                                                                     
					Stock Exchange Information                                                 
					Page 2/2                                                                   

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| Name                     | Jens Bjerg Sørensen                               |
--------------------------------------------------------------------------------
| Reason                   | Member of the management board                    |
--------------------------------------------------------------------------------
| Issuer                   | A/S Schouw & Co.                                  |
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| Securities Code          | DK0010253921                                      |
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| Description              | Shares                                            |
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| Transaction              | Sale                                              |
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| Trading Date             | 2007-03-16                                        |
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| Market                   | Copenhagen Stock Exchange                         |
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| Number                   | 12,000                                            |
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| Market value (DKK)       | 5,028,000.00                                      |
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| Name                     | Peter Kjær                                        |
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| Reason                   | Member of the management board                    |
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| Issuer                   | A/S Schouw & Co.                                  |
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| Securities Code          | DK0010253921                                      |
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| Description              | Shares                                            |
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| Transaction              | Sale                                              |
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| Trading Date             | 2007-03-15                                        |
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| Market                   | Copenhagen Stock Exchange                         |
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| Number                   | 203                                               |
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| Market value (DKK)       | 84,092.75                                         |
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Best regards                                                                    

A/S Schouw & Co.                                                                


Jens Bjerg Sørensen                                                             
President

Attachments

indberetning 20032007 udl.pdf