D/S Norden — AGM Information 2016

May 12, 2016

Attached please find below text as PDF file.

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                                                         Announcement no. 13

                                                                 12 May 2016

Extraordinary general meeting in Dampskibsselskabet NORDEN A/S

The extraordinary general meeting was convened in order to attain final
adoption of the amendments to the Articles of Association proposed by the Board
of Directors, which could not be finally adopted at the Company’s annual
general meeting on 7 April 2016 due to lack of quorum, see Company Announcement
no. 8. The amendments proposed by the Board of Directors were finally adopted
at today’s extraordinary general meeting.

The following amendments were adopted:

• Authorisation to the Board of Directors to authorise the Company’s
increase of the share capital with nominally

DKK 4,220,000 in the period up to and including 6 April 2021. The
authorisation will be inserted in the articles of association as new §§ 4.2-4.4
with the following wording:

”4.2 The Board of Directors is by unanimous resolution authorised to increase
the share capital by up to nominally DKK 4,220,000, by one or more issues, with
pre-emption rights for the Company’s present shareholders against cash
contribution, however, cf § 4.4. Cash contribution must be paid in full at the
share subscription. The authorisation is valid up to and including 6 April
2021.

4.3 The Board of Directors is by unanimous resolution authorised to increase
the share capital by up to nominally DKK 4,220,000, by one or more issues,
without pre-emption rights for the Company’s present shareholders, however, cf
§ 4.4. New shares that are offered without pre-emption rights for the present
shareholders, must be subscribed for at market price. The share capital may be
increased against cash contribution, debt conversion or as consideration in
connection with the Company’s acquisition of one or more existing companies.
New shares that are offered against cash contribution, must be paid in full at
the share subscription. The authorisation is valid up to and including 6 April
2021.

4.4 The Board of Director’s authorisations according to §§ 4.2 and 4.3 can
altogether as a maximum be exercised to increase the share capital by a total
nominal value of DKK 4,220,000. As for capital increases pursuant to §§ 4.2 and
4.3 apply that the new shares must be issued as bearer shares but can be
registered by name in the Company’s register of shareholders. The shares must
be negotiable instruments and must additionally in every aspect be identical
with the existing shares, including with regard to pre-emption rights at future
increases, rights, redemption and transferability. The Board of Directors
decides with regard to the time of subscription or conversion to what extend
the holders of the new shares will be entitled to receive dividend for the year
in which subscription or conversion take place. The Board of Directors
furthermore determines the conditions in details for capital increases which
are implemented according to §§ 4.2 and 4.3 and is authorised to make the
necessary changes in the articles of association of the Company as a
consequence of the utilisation of the authorisations.”

The Articles of Association can be seen on the Company’s website at
www.ds-norden.com.

                              Kind regards,

                      Dampskibsselskabet NORDEN A/S

                              Klaus Nyborg

                                Chairman

Further information: Klaus Nyborg, Chairman, tel. +45 3315 0451

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DAMPSKIBSSELSKABET NORDEN A/S, 52, STRANDVEJEN, DK-2900 HELLERUP, CVR NO.
                                67758919