Insider Trades - DANFOSS A/S

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DANFOSS A/S: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
SAUER-DANFOSS INC Beneficial Owner (10% or more) NYSE:SHS (historical quotes, profile, SEC, other insiders)	30-Oct-09 11-Jul-08	18,387,825 18,241,962 36,629,787	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
30-Oct-09 10,029,264 SHS Purchase at $16 per share.
(Cost of $160,468,224)
11-Jul-08 *18,241,962 SHS Statement of Ownership
11-Jul-08 8,358,561 SHS Statement of Ownership

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
30-Oct-09	10,029,264	SHS	Purchase at $16 per share. (Cost of $160,468,224)
11-Jul-08	*18,241,962	SHS	Statement of Ownership
11-Jul-08	8,358,561	SHS	Statement of Ownership