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

ANNOUNCEMENT NO. 22 - 9 DECEMBER 2019

On 7 November 2019, 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 7 November 2019 up to and including no later than 28 February 2020. For details please see announcement no. 17 of 6 November 2019.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 67 million). Under the programme the following transactions have been made:

Date	Number of shares	Average purchase price (DKK)	Transaction value (DKK)
Total, last announcement	188,500	102.63	19,345,730
2/12/2019	10,000	104.17	1,041,700.00
3/12/2019	10,000	102.78	1,027,800.00
4/12/2019	12,000	103.90	1,246,800.00
5/12/2019	9,000	104.55	940,950.00
6/12/2019	8,000	103.63	829,040.00
Accumulated	237,500	102.87	24,432,020

Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 237,500 at a total amount of DKK 24,432,020.

With the transactions stated above, NORDEN holds a total of 2,778,467 treasury shares, corresponding to 6.58%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,421,533.

Kind regards

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:
Klaus Nyborg, Chairman, tel.: [phone]
Anne-Louise Dam-Rasmussen, Head of Communications, tel.: [phone]

Attachments

• No 22 Weekly report on share buy-back
• Appendix