ANNOUNCEMENT NO. 152 - 8 JULY 2024

On 25 April 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 26 April 2024 up to and including no later than 1 August 2024. For details, please see announcement no. 96 of 25 April 2024.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 21 million (approximately DKK 145 million). Under the programme, the following transactions have been made:

Date Number Average purchase price (DKK) Transaction value (DKK)
of
shares
Total, last 368,000 308.21 113,421,300
announcement
01/07/2024 5,000 304.92 1,524,600
02/07/2024 5,000 311.91 1,559,550
03/07/2024 5,000 313.58 1,567,900
04/07/2024 5,000 316.67 1,583,350
05/07/2024 4,000 314.97 1,259,880
Accumulated 392,000 308.46 120,916,580

Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 392,000 at a total amount of DKK 120,916,580.

With the transactions stated above, NORDEN holds a total of 1,270,701 treasury shares, corresponding to 3.97%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,729,299.

During the same period (1/7-24 -5/7-24) major shareholder, Motortramp A/S, has sold 7,551 shares. Please see announcement no. 97/24 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