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Dampskibsselskabet NORDEN A/S appoints new CFO and Executive Vice President

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Dampskibsselskabet NORDEN A/S
_______________________________________________________________________________


NASDAQ OMX Copenhagen A/S                                   Announcement no. 37
Nikolaj Plads 6                                                 15 October 2008
1067 Copenhagen K                                                   Page 1 of 1


Dampskibsselskabet NORDEN A/S appoints new CFO and Executive Vice President

Today, NORDEN has appointed Michael Tønnes Jørgensen as new CFO and Executive
Vice President. Michael Tønnes Jørgensen takes up his position on 1 January
2009. 

Michael Tønnes Jørgensen will form NORDEN's Board of Management together with
President and CEO Carsten Mortensen. His areas of responsibility will include
finance, accounting, risk management, insurance, IT and Investor Relations. 

Michael Tønnes Jørgensen is 42 years old and currently holds a position as
Group Vice President and CFO at the Maersk Logistics/Damco business (APM Global
Logistics). He is in charge of accounting, finance, performance management and
legal matters, including the judicial restructuring of APM Global Logistics as
an independent business. 

Prior to his current position, Michael Tønnes Jørgensen was Group Senior Vice
President and CFO at A.P. Moller-Maersk's Global Container Business from
2005-2008. When Global Container Business was split into independent business
units, he moved to Maersk Logistics/Damco and had the responsibility of
building up their global finance organisation and independent corporate
structure. Before this, he held a position as Vice President and CFO in Maersk
Air Group for 2.5 years. 

“We are pleased with the appointment of Michael. He has 22 years of relevant
experience from various positions in complex global organisations, and he has a
unique insight into all the financial and accounting aspects of the shipping
and transportation industries,” says Mogens Hugo, Chairman. 

Michael Tønnes Jørgensen holds an Msc in Business Administration (Accountancy
and Auditing) from Copenhagen Business School from 2001 and a Graduate Diploma
in Business Administration (Accounting and Finance) from Copenhagen Business
School from 1993. He also followed management programmes at INSEAD and IMD. He
graduated from APM Shipping School in Copenhagen in 1987 and has had a number
of positions in Denmark, France and Russia. 

Photo of Michael Tønnes Jørgensen can be downloaded from www.ds-norden.com.

                                  Kind regards,
                          Dampskibsselskabet NORDEN A/S

                                Board of Directors


Contact at tel. +45 3315 0451: Mogens Hugo, Chairman, and Carsten Mortensen,
President & CEO. 

_______________________________________________________________________________

                         Dampskibsselskabet NORDEN A/S
                                52, Strandvejen
                               DK-2900 HELLERUP
                               www.ds-norden.com

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