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

ANNOUNCEMENT NO. 40 – 15 FEBRUARY 2021 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 876,000 112.62 98,652,69808/2/202110,000117.271,172,70009/2/202115,000113.981,709,70010/2/202115,000113.471,702,05011/2/202117,000115.421,962,14012/2/202116,000116.151,858,400Accumulated949,000112.81107,057,688 Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 949,000 at a total amount of DKK 107,057,688. With the transactions stated above, NORDEN holds a total of 3,308,467 treasury shares, corresponding to 8.13%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 37,391,533. Kind regards, Dampskibsselskabet NORDEN A/S Klaus Nyborg Chairman For further information: Klaus Nyborg, Chairman, tel.: +45 3315 0451 Attachments No. 40 Weekly report on share buy-back Appendix



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