Company Announcement 5/2021 - Seite 2

Item 4 – Resolution on the application of the result of the year
The Board of Directors proposes that the general meeting approves the Board of Directors’ proposal on application of the result of the year as stated in the annual report for 2020. The result for the  financial year 2020 will be allocated to retained earnings.

Item 5 – Presentation of the remuneration report 2020
The Company has prepared a remuneration report for the financial year 2020, which is presented to the general meeting. The remuneration report 2020 has been prepared in compliance with applicable rules with a view to further enhance the transparency of the remuneration reporting. The report covers remuneration awarded or due during the financial year 2020 to the Company’s Board of Directors and Executive Management.

The remuneration report 2020 is enclosed as appendix 1 and is available on the Company’s website, www.nordicshipholding.com.

Item 6 – Approval of the remuneration of the Board of Directors for 2021
The Board of Directors proposes that the general meeting approves the following unchanged remuneration of the members of the Board of Directors for the financial year 2021:

Chairman of the Board of Directors: DKK 240,000.

Other members of the Board of Directors: DKK 175,000, as no remuneration will be paid to the board members Jon Lewis, Kanak Kapur and Philip Clausius.

Item 7 – Election of members to the Board of Directors
The Board of Directors proposes re-election of Knud Pontoppidan (Chairman), Jon Lewis (Deputy Chairman), Kanak Kapur, Esben Poulsson, Jens V. Mathiasen and Philip Clausius to the Board of Directors.

A description of the background of and offices held by each candidate is enclosed as appendix 2 and is also available at the Company’s website, www.nordicshipholding.com.

Item 8 – Appointment of auditors
The Board of Directors proposes re-election of the Company’s current auditor, PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab. The Board of Directors confirms that the proposal has not been influenced by third parties nor subject to any contractual obligation restricting the general meeting’s choice of certain auditors or audit firms.

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Adoption requirements
All the proposals may be adopted by a simple majority of votes.

Share capital and shareholders’ voting rights
The Company’s share capital amounts to nominally DKK 40,615,840.30 divided into 406,158,403 shares of nominally DKK 0.10. Each share of nominally DKK 0.10 carries one vote.

The record date is Friday, 16 April 2021.