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

Dampskibsselskabet NORDEN A/S

ANNOUNCEMENT NO. 8 - 11 JANUARY 2021

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



535,000



110.19



58,953,158

4/1/2021

12,000

112.44

1,349,280

5/1/2021

12,000

113.74

1,364,880

6/1/2021

13,000

112.99

1,468,870

7/1/2021

14,000

113.91

1,594,740

8/1/202

13,000

115.67

1,503,710

Accumulated

599,000

110.58

66,234,638

Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 599,000 at a total amount of DKK 66,234,638.

With the transactions stated above, NORDEN holds a total of 2,958,467 treasury shares, corresponding to 7.27%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 37,741,533.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:

Klaus Nyborg, Chairman, tel.: +45 3315 0451

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