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

ANNOUNCEMENT NO. 5 - 3 FEBRUARY 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	570,500	101.58	57,949,610
27/1/2020	16,000	92.47	1,479,520
28/1/2020	17,000	93.03	1,581,510
29/1/2020	17,000	94.24	1,602,080
30/1/2020	16,000	92.87	1,485,920
31/1/2020	15,000	91.71	1,375,650
Accumulated	651,500	100.50	65,474,290

Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 651,500 at a total amount of DKK 65,474,290.

With the transactions stated above, NORDEN holds a total of 3,192,467 treasury shares, corresponding to 7.57%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,007,533.

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 5 Weekly report on share buy-back
• Appendix