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

ANNOUNCEMENT NO. 39 - 14 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. 39 - 14 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	1,442,500	156.40	225,606,495
07/02/2022	23,000	153.97	3,541,310
08/02/2022	23,000	156.34	3,595,820
09/02/2022	13,000	158.83	2,064,790
10/02/2022	10,000	165.14	1,651,400
11/02/2022	13,000	164.49	2,138,370
Accumulated	1,524,500	156.51	238,598,185

Since the share buy-back programme was initiated on 4 November 2021, the total number of repurchased shares is 1,524,500 at a total amount of DKK 238,598,185.

With the transactions stated above, NORDEN holds a total of 2,973,169 treasury shares, corresponding to 7.58%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 36,226,831.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:

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

Attachments

• No. 39 Weekly report on share buy-back 20220214
• Appendix