ANNOUNCEMENT NO. 8 - 14 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 672,500  93.47  62,860,050.00 
11/2/2019 15,000  90.07  1,351,050.00 
12/2/2019 11,049  91.63  1,012,419.87 
13/2/2019 8,351  92.57  773,052.07 
Accumulated 34,400   91.18   3,136,521.94  

Since the share buy-back programme was initiated on 8 November 2018, the total number of repurchased shares is 706,900 at a total amount of DKK 65,996,571.94, and the share buy-back programme is thus completed.

With the transactions stated above, NORDEN holds a total of 2,439,285 treasury shares, corresponding to 5.78%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,760,715.

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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