ANNOUNCEMENT NO. 164 - 22 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 423,000 307.78 130,192,080
announcement
15/07/2024 7,000 292.16 2,045,120
16/07/2024 5,000 306.79 1,533,950
17/07/2024 5,000 303.34 1,516,700
18/07/2024 5,000 299.89 1,499,450
19/07/2024 5,000 297.71 1,488,550
Accumulated 450,000 307.28 138,275,850

Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 450,000 at a total amount of DKK 138,275,850.

With the transactions stated above, NORDEN holds a total of 1,328,701 treasury shares, corresponding to 4.15%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,671,299.

During the same period (15/7-24 -22/7-24) major shareholder, Motortramp A/S, has sold 8,495 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