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

ANNOUNCEMENT NO. 85 - 29 OCTOBER 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	591,000	97.12	57,397,226
26/10/2020	20,000	91.38	1,827,600
27/10/2020	20,000	91.90	1,838,000
28/10/2020	19,100	90.64	1,731,224
Accumulated	650,100	96.59	62,794,050

Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 650,100 at a total amount of DKK 62,794,050, and the share buy-back programme is thus completed

With the transactions stated above, NORDEN holds a total of 2,359,467 treasury shares, corresponding to 5.80%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,340,533.

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 85 Final weekly report on share buy-back
• Appendix