Report of transactions with shares

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.           

Name               Lindahl & Co. ApS       
Reason             Legal entity §28a, 4,4,a
Issuer             A/S Schouw & Co.        
Securities Code    DK0010253921            
Description        Shares                  
Transaction        Sale                    
Trading Date       2009-09-08              
Market             NASDAQ OMX              
Number             10,000                  
Market value (DKK) 965,000.00              

Name               Erling Lindahl                  
Reason             Member of the Board of Directors
Issuer             A/S Schouw & Co.                
Securities Code    DK0010253921                    
Description        Shares                          
Transaction        Purchase                        
Trading Date       2009-09-08                      
Market             NASDAQ OMX                      
Number             10,000                          
Market value (DKK) 965,000.00