ANNOUNCEMENT NO. 57 - 11 MARCH 2024

On 8 February 2024, 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 9 February 2024 up to and including no later than 19 April 2024. For details, please see announcement no. 30 of 8 February 2024.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 15 million (approximately DKK 105 million). Under the programme, the following transactions have been made:

Date Number Average purchase price (DKK) Transaction value (DKK)
of
shares
Total, last 105,881 316.07 33,466,009
announcement
04/03/2024 6,956 301.86 2,099,713
05/03/2024 6,521 297.93 1,942,790
06/03/2024 6,956 296.54 2,062,740
07/03/2024 6,231 298.32 1,858,819
08/03/2024 6,666 295.34 1,968,709
Accumulated 139,211 311.75 43,398,780

Since the share buy-back programme was initiated on 9 February 2024, the total number of repurchased shares is 139,211 at a total amount of DKK 43,398,780.

With the transactions stated above, NORDEN holds a total of 2,663,161 treasury shares, corresponding to 7.83%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,336,839.

During the same period (4/3-24 -8/3-24) major shareholder, Motortramp A/S, has sold 10,330 shares. Please see announcement no. 31/24 and daily reporting.

Kind regards,

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information: Stig Frederiksen, Head of Investor Relations, tel.: +45 32 71 08 55, e-mail: sfr@norden.com