Announcement on proxies issued to the Board of Directors of Schouw & Co.

Announcement on proxies issued to the
Board of Directors of Schouw & Co.   

Pursuant to section 29 of the Danish Securities Trading Act, cf. section        
4(viii), cf. section 5(3), of the executive order on major shareholders, Schouw 
& Co. announces that the company's Board of Directors has received proxies from 
a number of shareholders to vote on their behalf at the annual general meeting  
to be held on April 21, 2009.                                                   

On April 17, 2009, Schouw & Co's Board of Directors received proxies as a result
of which the Board of Directors has at its disposal votes equivalent to more    
than 10% of the total voting rights at the annual general meeting.              

Accordingly, as of today, the Board of Directors has proxies in respect of 12.3%
of the voting rights and 11.2% of the company's total share capital.            

After the close of the Annual General Meeting on April 21, 2009, the Board of
Directors' authority to vote under the proxies received will lapse.