Partial sale of Kristiansands Tankrederi A/S' shareholding in NORDEN

Attached please find below text as PDF file.


Dampskibsselskabet NORDEN A/S
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NASDAQ OMX Copenhagen A/S                                    Announcement no. 7
Nikolaj Plads 6                                                   10 March 2009
1067 Copenhagen K


Partial sale of Kristiansands Tankrederi A/S' shareholding in NORDEN

Dampskibsselskabet NORDEN A/S (”NORDEN”) has by Kristiansands Tankrederi A/S
(”Kristiansand”) been informed that Kristiansand has decided to have an
Accelerated Book-built Offering (”ABO”) arranged for a sale of part of its
shareholding in NORDEN. 

Kristiansand has informed NORDEN that the total offering consists of up to
4,723,060 shares (but not less than 3,200,000 shares). Kristiansand currently
(before the ABO) owns 9,592,700 shares corresponding to approximately 21.5 per
cent of the total nominal share capital in NORDEN. 

Kristiansand has agreed with the arranging bank, that Kristiansand will not
sell further shares in NORDEN without the arranging bank's consent during the
period from the date of completion of the ABO to NORDEN's announcement of its
interim report for the first half 2009 (expected to be published on 19 August
2009). 

Furthermore, Kristiansand has informed that the reason for arranging the ABO is
due to the NORDEN shares constituting an overweight of Kristiansand's total
assets. 

                                    Kind regards,
                            Dampskibsselskabet NORDEN A/S

                                     Mogens Hugo
                                      Chairman


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


Neither this document nor any copy hereof may directly or indirectly be
conveyed, forwarded or distributed to or in the United States, Canada,
Australia or Japan or in any jurisdiction in which such forwarding or
distribution is illegal. Failure to comply with this limitation may constitute
a violation of the United States, Canadian, Australian or Japanese securities
legislation or the securities legislation in any other such countries. 

The shares referenced in this announcement will not be registered under the
United States Securities Act of 1933 and may not be offered or sold in the
United States absent an exemption from such registration. 

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