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

ANNOUNCEMENT NO. 3 - 20 JANUARY 2020

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	432,500	102.86	44,487,230
13/1/2020	11,000	100.17	1,101,870
14/1/2020	12,000	99.47	1,193,640
15/1/2020	12,000	98.36	1,180,320
16/1/2020	12,000	98.27	1,179,240
17/1/2020	12,000	98.52	1,182,240
Accumulated	491,500	102.39	50,324,540

Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 491,500 at a total amount of DKK 50,324,540.

With the transactions stated above, NORDEN holds a total of 3,032,467 treasury shares, corresponding to 7.19%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,167,533.

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 3 Weekly report on share buy-back
• Appendix