DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK

ANNOUNCEMENT NO. 80 - 28 MARCH 2022On 3 March 2022, NORDEN initiated a share buy-back programme in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buy-back programme runs from 3 March 2022 up to and including no later than end April 2022. For details, please see announcement no. 56 of 3 March 2022.Under the share buy-back programme, NORDEN will...

ANNOUNCEMENT NO. 80 - 28 MARCH 2022

On 3 March 2022, NORDEN initiated a share buy-back programme in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buy-back programme runs from 3 March 2022 up to and including no later than end April 2022. For details, please see announcement no. 56 of 3 March 2022.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 30 million (approximately DKK 201.5 million). Under the programme, the following transactions have been made:

Date	Number of shares	Average purchase price (DKK)	Transaction value (DKK)
Total, last announcement	166,000	246.39	40,901,010
21/03/2022	13,000	261.63	3,401,190
22/03/2022	12,000	266.04	3,192,480
23/03/2022	12,000	265.59	3,187,080
24/03/2022	15,000	257.22	3,858,300
25/03/2022	40,000	236.00	9,440,000
Accumulated	258,000	247.98	63,980,060

Since the share buy-back programme was initiated on 3 March 2022, the total number of repurchased shares is 258,000 at a total amount of DKK 63,980,060.

With the transactions stated above, NORDEN holds a total of 3,274,569 treasury shares, corresponding to 8.35%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 35,925,431.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:

Thomas France, Investor Communications Partner, tel.: 3315 0451

Attachments

• No. 80 Weekly report on share buy-back
• Appendix