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

ANNOUNCEMENT NO. 92 - 22 NOVEMBER 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. 92 - 22 NOVEMBER 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	130,000	163.09	21,201,800
15/11/2021	20,000	166.63	3,332,600
16/11/2021	25,000	159.27	3,981,750
17/11/2021	23,500	154.97	3,641,795
18/11/2021	26,500	154.73	4,100,345
19/11/2021	26,500	152.37	4,037,805
Accumulated	251,500	160.22	40,296,095

Since the share buy-back programme was initiated on 4 November 2021, the total number of repurchased shares is 251,500 at a total amount of DKK 40,296,095.

With the transactions stated above, NORDEN holds a total of 1,776,439 treasury shares, corresponding to 4.53%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 37,423,561.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:

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

Attachments

• No. 92 Weekly report on share buy-back
• Appendix