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

ANNOUNCEMENT NO. 50 - 21 SEPTEMBER 2020

On 19 August 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 19 August 2020 up to and including no later than end-October 2020. For details please see announcement no. 21 of 19 August 2020.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 63 million). Under the programme, the following transactions have been made:

Date	Number of shares	Average purchase price (DKK)	Transaction value (DKK)
Total, last announcement	279,000	95.94	26,766,180
14/9/2020	17,000	95.15	1,617,550
15/9/2020	15,000	96.43	1,446,450
16/9/2020	14,000	96.05	1,344,700
17/9/2020	14,000	96.30	1,348,200
18/9/2020	14,000	95.73	1,340,220
Accumulated	353,000	95.93	33,863,300

Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 353,000 at a total amount of DKK 33,863,300.

With the transactions stated above, NORDEN holds a total of 2,062,300 treasury shares, corresponding to 5.07%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,637,633.

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 50 Weekly report on share buy-back
• Appendix