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

ANNOUNCEMENT NO. 118 - 20 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. 118 - 20 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	658,500	154.92	102,014,335
13/12/2021	22,000	155.66	3,424,520
14/12/2021	26,000	150.65	3,916,900
15/12/2021	28,000	150.52	4,214,560
16/12/2021	25,000	155.48	3,887,000
17/12/2021	28,000	154.11	4,315,080
Accumulated	787,500	154.63	121,772,395

Since the share buy-back programme was initiated on 4 November 2021, the total number of repurchased shares is 787,500 at a total amount of DKK 121,772,395.

With the transactions stated above, NORDEN holds a total of 2,309,939 treasury shares, corresponding to 5.89%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 36,890,061.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:

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

Attachments

• No.118 Weekly report on share buy-back 20211217
• Appendix