ANNOUNCEMENT NO. 7 - 12 FEBRUARY 2019

On 8 November 2018, 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 8 November 2018 up to and including no later than 28 February 2019. For details please see announcement no. 13 of 7 November 2018.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 66 million). Under the programme the following transactions have been made:

Date Number of shares Average purchase price (DKK) Transaction value (DKK)  
Total, last announcement 608,500  93.73  57,032,050 
4/2/2019 14,000  91.02  1,274,280 
5/2/2019 12,000  92.67  1,112,040 
6/2/2019 4,000  93.02  372,080 
7/2/2019 14,000  91.20  1,276,800 
8/2/2019 20,000  89.64  1,792,800 
Accumulated 64,000  91.06   5,828,000  

Since the share buy-back programme was initiated on 8 November 2018, the total number of repurchased shares is 672,500 at a total amount of DKK 62,860,050.

With the transactions stated above, NORDEN holds a total of 2,404,885 treasury shares, corresponding to 5.70%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,795,115.

Kind regards

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information: Klaus Nyborg, Chairman, tel.: +45 3315 0451 Nicolai Bro Jöhncke, Head of Corporate Communications & CSR, tel.: +45 3315 0451

Dampskibsselskabet NORDEN A/S · 52, Strandvejen, DK-2900 Hellerup, Denmark · www.ds-norden.com · CVR NO. 67758919

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