Notice convening Annual General Meeting and Extra-Ordinary General Meeting

ANNOUNCEMENT NO. 10 – 5 MARCH 2020

5 March 2020

Notice is hereby given that the annual general meeting will convene in

Dampskibsselskabet NORDEN A/S
at 3.00 p.m. on Friday 27 March 2020, in the hall "Norway" at
Radisson Blu Scandinavia Hotel, 70, Amager Boulevard, DK-2300 Copenhagen.

After the annual general meeting refreshments will be served.

AGENDA: 

A.        The Board of Directors' report on the activities of the Company during the past year.

B.         Resolution for adoption of audited Annual Report.

C.         Proposed appropriation of profits or cover of loss in accordance with the adopted annual report.

The Board of Directors proposes that a dividend for 2019 be paid and that profits be distributed as follows:

DKK 2.5 in dividend per share of DKK 1
totalling DKK 98.3 million	mUSD	15.8
Transferred, reserve for net revaluation according to the equity method	mUSD	-87.7
Retained earnings	mUSD	91.1
	mUSD	19.2

D.        Election of members to the Board of Directors.

The Board of Directors proposes re-election of:

Klaus Nyborg
Johanne Riegels Østergård