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

ANNOUNCEMENT NO. 111 - 13 DECEMBER 2021On 4 November 2021, 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 4 November 2021 up to and including no later than end February 2022. For details, please see announcement no. 75 of 4 November 2021.Under the share buy-back programme,...

ANNOUNCEMENT NO. 111 - 13 DECEMBER 2021

On 4 November 2021, 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 4 November 2021 up to and including no later than end February 2022. For details, please see announcement no. 75 of 4 November 2021.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 40 million (approximately DKK 263 million). Under the programme, the following transactions have been made:

Date	Number of shares	Average purchase price (DKK)	Transaction value (DKK)
Total, last announcement	525,500	155.13	81,523,035
06/12/2021	28,000	148.55	4,159,400
07/12/2021	28,000	155.33	4,349,240
08/12/2021	28,000	157.13	4,399,640
09/12/2021	24,000	154.73	3,713,520
10/12/2021	25,000	154.78	3,869,500
Accumulated	658,500	154.92	102,014,335

Since the share buy-back programme was initiated on 4 November 2021, the total number of repurchased shares is 658,500 at a total amount of DKK 102,014,335.

With the transactions stated above, NORDEN holds a total of 2,180,939 treasury shares, corresponding to 5.56%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 37,019,061.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:

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

Attachments

• No.111 Weekly report on share buy-back
• Appendix