Allotment of employee shares

Attached please find below text as PDF file.


Dampskibsselskabet ”NORDEN” A/S
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OMX Nordic Exchange Copenhagen A/S                           Announcement no. 3
Nikolaj Plads 6                                                 25 January 2008
1067 Copenhagen K                                                   Page 1 of 1


Dampskibsselskabet ”NORDEN” A/S - Employee shares

The Board of Directors of Dampskibsselskabet ”NORDEN” A/S has decided to grant
employee shares free of charge in accordance with the general Employee Share
Program of the Tax Assessment Act, section 7A, subsection 1, no. 2. 

Each employee, employed in the Company on 1 January 2008 and fulfilling
specific employment criteria, will be granted 53 shares of DKK 1. 

A total number of 11,713 shares of DKK 1 are allotted at a total quoted value
of DKK 4,774,218. The shares will be taken from the Company's stock of treasury
shares. 

Further to announcement dated 7 February 2007, please be advised that NORDEN
during 2007 has allotted a total number of 5,200 shares of DKK 1 at a total
quoted value of DKK 1,261,049 to employees who during 2007 have fulfilled
specific employment criteria set forth at the general allotment of employee
shares on 1 January 2007. 


                                     Kind regards,
                           Dampskibsselskabet ”NORDEN” A/S

                                  Ivar H. Myklebust
                           Executive Vice President & CFO


Contact at tel. +45 3315 0451: Executive Vice President & CFO Ivar H. Myklebust.


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                           Dampskibsselskabet ”NORDEN” A/S
                                   49, Amaliegade
                                DK-1256 COPENHAGEN K
                                 www.ds-norden.com