ANNUAL GENERAL MEETING IN DAMPSKIBSSELSKABET NORDEN A/S

 ANNOUNCEMENT NO. 66 - 9 MARCH 2023

On Thursday 9 March 2023, the annual general meeting in Dampskibsselskabet NORDEN A/S was held, see company announcement no. 41 of 14 February 2023.

Adoption of the annual report

The annual general meeting adopted the annual report.

Dividend

The Board of Directors’ proposal for distribution of the results for the year, including the payment of dividend for 2022 of DKK 30.00 per share of DKK 1, was adopted. NORDEN has already paid interim dividends of DKK 30 in both August and November 2022, respectively.

Election of members for the Board of Directors

Klaus Nyborg, Johanne Riegels Østergård, Karsten Knudsen and Robert Hvide Macleod were re-elected Board members. Vibeke Bak Solok and Ian McIntosh were also elected for the board.

Appointment of auditor

EY Godkendt Revisionspartnerselskab, CVR nr. 30700228 was appointed auditor of the Company.

Remuneration Report

The Company’s Remuneration Report 2022/2023 was approved (indicative ballot).

Treasury shares
The Board of Directors was authorised to arrange for the Company to acquire treasury shares in the period until next year’s annual general meeting at a total nominal value not exceeding 10% of the share capital at the market price applicable at the time of acquisition with a deviation of up to 10%.

Reduction of share capital - Amendment of Articles of Association

The amendment to the Articles of Association proposed by the Board of Directors, cf. item F3 on the agenda concerning reduction of share capital, was adopted. Not sufficient share capital was represented at the annual general meeting to implement the adopted proposal under item F3 and notice of an extraordinary general meeting where the proposal will be submitted for final adoption was given in connection with the notice of the annual general meeting. The extraordinary general meeting will convene on 21 March 2023 at 11:00 a.m. CET as a completely electronic extraordinary general meeting.

Before the capital reduction under item F3 can be effected, it is required, in addition to adoption at an extraordinary general meeting, that the Company’s creditors be asked to notify any claim prior to the deadline stipulated by the Danish Companies Act through the IT system of the Danish Business Authority.

Remuneration Policy

The updated Remuneration Policy was adopted to include an indemnification clause for board and management.

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After the annual general meeting, the Board of Directors appointed Klaus Nyborg Chair and Johanne Riegels Østergård Vice-Chair.

The Board of Directors thus consists of the following members:

Klaus Nyborg (Chair)

Johanne Riegels Østergård (Vice-Chair)

Karsten Knudsen

Robert Hvide Macleod

Vibeke Bak Solok

Ian McIntosh

Christina Lerchedahl (employee representative)

Henrik Røjel (employee representative)

Stine Maria Gøttrup (employee representative)

The Chair's report is available at www.norden.com.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chair

For further information:

Thomas France, Investor Communications Partner, tel.: +45 3315 0451