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

ANNOUNCEMENT NO. 13 - 17 JANUARY 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	1,022,500	156.96	160,491,295
10/01/2022	16,000	172.17	2,754,720
11/01/2022	16,000	173.09	2,769,440
12/01/2022	15,000	176.13	2,641,950
13/01/2022	15,000	175.75	2,636,250
14/01/2022	19,000	168.87	3,208,530
Accumulated	1,103,500	158.14	174,502,185

Since the share buy-back programme was initiated on 4 November 2021, the total number of repurchased shares is 1,103,500 at a total amount of DKK 174,502,185.

With the transactions stated above, NORDEN holds a total of 2,625,939 treasury shares, corresponding to 6.70%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 36,574,061.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:

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

Attachments

• No. 13 Weekly report on share buy-back

• Appendix