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

ANNOUNCEMENT NO. 105 - 6 DECEMBER 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	385,500	156.92	60,493,355
29/11/2021	24,000	153.84	3,692,160
30/11/2021	30,000	152.54	4,576,200
01/12/2021	26,000	150.38	3,909,880
02/12/2021	32,000	145.69	4,662,080
03/12/2021	28,000	149.62	4,189,360
Accumulated	525,500	155.13	81,523,035

Since the share buy-back programme was initiated on 4 November 2021, the total number of repurchased shares is 525,500 at a total amount of DKK 81,523,035.

With the transactions stated above, NORDEN holds a total of 2,047,939 treasury shares, corresponding to 5.22%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 37,152,061.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:

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

Attachments

• No.105 Weekly report on share buy-back

• Appendix