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Statement of D/S ”NORDEN”s Leading Employees and Their Closely Rel. Parties' Transactions of D/S ”NORDEN” A/S's Shares and Rel. Securities

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Dampskibsselskabet ”NORDEN” A/S
_______________________________________________________________________________


OMX Nordic Exchange Copenhagen A/S                          Announcement No. 33
Nikolaj Plads 6                                               10 September 2007
1067 Copenhagen K                                                   Page 1 of 2


As part of his employment as Executive Vice President and CFO on 1 September
2007, Ivar Hansson Myklebust has been granted 42,000 share options, which each
entitles him to acquire one share at DKK 1 in NORDEN. The share options may be
exercised in the period from 1 September 2009 to 1 September 2011. The exercise
price of the options is determined as the five-day average of the market price
following 1 September 2007, less all dividend payments after 1 September 2007
and plus an effective interest rate of 8% p.a. until any exercise. These are
the same conditions which apply to the option programme the Company established
for 40 employees in March 2007. 

The shares have now been allotted as follows:

Dampskibsselskabet ”NORDEN” A/S
Statement of D/S ”NORDEN”s Leading Employees and Their Closely Related Parties'
Transactions of D/S ”NORDEN” A/S's Shares and Related Securities 

According to the Danish Securities Trading Act §28A, the Company shall report
the following information about the Company's Senior Executives' and their
families' transactions with the Company's shares and relevant securities: 

Name: Ivar Hansson Myklebust
Occasion: Executive Vice President & CFO
Issuer: Dampskibsselskabet ”NORDEN” A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 1 September 2007
Market: OMX Nordic Exchange Copenhagen A/S
Number: 42,000
Market value in DKK: 21,371,280

                                    Page 2

The theoretical Black-Scholes value of the options is DKK 3,500,986.-. The
calculations are based on the following assumptions: That all options are
exercised at the earliest time possible, a volatility of 33.2%, an annual rate
of return of DKK 5 and a riskless interest rate of 4.06%. 

                                 Kind regards,
                        Dampskibsselskabet ”NORDEN” A/S

                              Carsten Mortensen
                               President & CEO


Contact at tel. +45 3315 0451: Carsten Mortensen, President & CEO.


_______________________________________________________________________________

                         Dampskibsselskabet ”NORDEN” A/S
                                 49, Amaliegade
                             DK-1256 COPENHAGEN K
                               www.ds-norden.com

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