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Other events after the balance sheet date

Interim dividend of DKK 4 billion
In May 2005, the Board of Directors of Chr. Hansen Holding was authorized to pay out an interim dividend following the divestment of the Ingredients Sector. Based on a review of the preliminary balance sheet and other material, the Board of Directors found it reasonable to distribute an interim dividend of DKK 4.0 billion, equivalent to DKK 394.93 per share. The dividend was paid to the shareholders on October 19, 2005.

Chr. Hansen Holding and ALK-Abelló to merge
As the Chr. Hansen Group will solely consist of the allergy business – ALK-Abelló – in future, the Boards of Directors of Chr. Hansen Holding A/S and ALK-Abelló A/S have resolved to merge the two companies in order to achieve a more simplified Group structure, with the operating company, ALK-Abelló A/S, continuing as the listed company of the Group. The merger will take effect, including accounting effect, as from September 1, 2005. Pursuant to the merger plan, A and B shares of DKK 10 each in Chr. Hansen Holding A/S will be exchanged for a corresponding number of A and B shares of DKK 10 each in ALK-Abelló A/S.

It is expected that, in connection with the merger, the B shares of ALK-Abelló A/S will be listed on the Copenhagen Stock Exchange under a new securities identification code immediately following the annual general meeting.

Ordinary dividend and share buyback program
The Board of Directors intends to propose to the annual general meeting that an ordinary dividend of DKK 5 per share be declared, which will bring the total dividend payment in respect of the 2004/05 financial year to DKK 4,050 million.

Based on the gain on the divestment of the Ingredients Sector and ALK-Abelló’s expected future capital requirements, the Board of Directors proposes that a share buyback program of up to DKK 200 million be initiated. The share buyback will be distributed over the quarters of the 2005/06 financial year.

Other than the above, no material events have occurred between the end of the financial year on August 31, 2005 and November 14, 2005.