Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back

ANNOUNCEMENT NO. 89 - 9 NOVEMBER 2020

On 4 November 2020, 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 2020 up to and including no later than end February 2021. For details please see announcement no. 87 of 4 November 2020.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 20 million (approximately DKK 126 million). Under the programme, the following transactions have been made:

Date	Number of shares	Average purchase price (DKK)	Transaction value (DKK)
Total, last announcement	0	0.00	0
04/11/2020	0	0.00	0
05/11/2020	17,000	101.99	1,733,830
06/11/2020	17,000	104.69	1,779,730
Accumulated	34,000	103.34	3,513,560

Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 34,000 at a total amount of DKK 3,513,560.

With the transactions stated above, NORDEN holds a total of 2,393,467 treasury shares, corresponding to 5.88%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,306,533.

Kind regards

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451
Anne-Louise Dam-Rasmussen, Head of Communications, tel.: +45 3273 0624

Attachments

• No. 89 Weekly report on share buy-back

• Appendix