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

ANNOUNCEMENT NO. 52 - 28 FEBRUARY 2022On 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. 52 - 28 FEBRUARY 2022

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	1,580,500	156.86	247,920,835
21/02/2022	15,000	160.72	2,410,800
22/02/2022	14,000	162.59	2,276,260
23/02/2022	16,000	163.56	2,616,960
24/02/2022	25,000	154.87	3,871,750
25/02/2022	23,900	163.27	3,902,153
Accumulated	1,674,400	157.07	262,998,758

Since the share buy-back programme was initiated on 4 November 2021, the total number of repurchased shares is 1,674,400 at a total amount of DKK 262,998,758.

With the transactions stated above, NORDEN holds a total of 3,123,069 treasury shares, corresponding to 7.97%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 36,076,931.

This concludes the share buy-back programme.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information: Thomas France, Investor Communications Partner, tel.: 3315 0451

Attachments

• No. 52 Final weekly report on share buy-back 20220228
• Appendix