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

Dampskibsselskabet NORDEN A/S

ANNOUNCEMENT NO. 109 - 2 MAY 2022

On 3 March 2022, 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 3 March 2022 up to and including no later than end April 2022. For details, please see announcement no. 56 of 3 March 2022.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 30 million (approximately DKK 201.5 million). Under the programme, the following transactions have been made:

Date	Number of shares	Average purchase price (DKK)	Transaction value (DKK)
Total, last announcement	728,000	243.57	177,322,280
25/04/2022	32,000	234.76	7,512,320
26/04/2022	20,000	227.43	4,548,600
27/04/2022	15,000	239.92	3,598,800
28/04/2022	10,000	258.54	2,585,400
29/04/2022	12,900	264.29	3,409,341
Accumulated	817,900	243.28	198,976,741

Since the share buy-back programme was initiated on 3 March 2022, the total number of repurchased shares is 817,900 at a total amount of DKK 198,976,741.

With the transactions stated above, NORDEN holds a total of 3,804,490 treasury shares, corresponding to 9.71%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 35,395,510.

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. 109 Final weekly report on share buy-back

• Appendix