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REPORT ON MANAGERS’ RECEIPT OF RESTRICTED SHARES – VESTING – IN DAMPSKIBSSELSKABET NORDEN A/S

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ANNOUNCEMENT NO. 25 - 28 JANUARY 2022

Under Article 19 of the Market Abuse Regulation Dampskibsselskabet NORDEN A/S is required to report transactions in Dampskibsselskabet NORDEN A/S’ shares by persons discharging managerial responsibilities and their close relatives.

With reference to announcement no. 5/2019 the following restricted shares have vested:

Name:  Jan Rindbo
Reason: Reporting duty, CEO
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Instrument: Restricted shares
Transaction: Vesting of shares
Vesting date: 28 January 2022
Market: Nasdaq Copenhagen
Number: 15,343
Holding after transaction 99,937


Name: Martin Badsted
Reason: Reporting duty, CFO
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Instrument: Restricted shares
Transaction: Vesting of shares
Vesting date: 28 January 2022
Market: Nasdaq Copenhagen
Number: 7,974
Holding after transaction 18,885


Name:                                                      Benedicte Hedengran Wegener
Reason: Reporting duty, employee-elected board member
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Instrument: Restricted shares
Transaction: Vesting of shares
Vesting date: 28 January 2022
Market: Nasdaq Copenhagen
Number: 1,029
Holding after transaction 1,761

Kind regards,

Dampskibsselskabet NORDEN A/S

Martin Badsted

CFO

For further information:

Thomas France, Investor Communications Partner, tel.: +45 3273 0629, e-mail: tfr@norden.com