DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK

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ANNOUNCEMENT NO. 125 - 21 DECEMBER 2020

On 4 November 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 4 November 2020 up to and including no later than end February 2021. For details please see announcement no. 87 of 4 November 2020.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 20 million (approximately DKK 126 million). Under the programme, the following transactions have been made:

DateNumber of sharesAverage purchase price (DKK)Transaction value (DKK)

 
Total, last announcement 

395,000
 

108.80
 

42,975,358
14/12/202013,000114.591,489,670
15/12/202014,000115.401,615,600
16/12/202012,000117.871,414,440
17/12/202012,000116.891,402,680
18/12/202012,000116.711,400,520
Accumulated458,000109.8250,298,268

Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 458,000 at a total amount of DKK 50,298,268.

With the transactions stated above, NORDEN holds a total of 2,817,467 treasury shares, corresponding to 6.92%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 37,882,533.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:

Klaus Nyborg, Chairman, tel.: +45 3315 0451