D/S Norden — Director's Dealing 2008

Jan 25, 2008

OMX Nordic Exchange Copenhagen A/S Announcement no. 4 Nikolaj Plads 6 25 January 2008 1067 Copenhagen K Page 1 of 2

Dampskibsselskabet "NORDEN" A/S Statement of D/S "NORDEN"s Leading Employees' and Elected Employee Representatives' as well as Their Closely Related Parties' Transactions of D/S "NORDEN" A/S's Shares and Related Securities

According to the Danish Securities Trading Act, section 28A, the Company shall report the following information about above-mentioned persons' and their families' transactions with the Company's shares and relevant securities:

Leading employees:

Names:	Carsten Mortensen, Lars Bagge Christensen, Jacob Meldgaard, Lars Lundegaard, Kristian Wærness, Martin Badsted
Occasion:	Allotment of employee shares
Issuer:	Dampskibsselskabet "NORDEN" A/S
ISIN code:	DK0010269844
Description:	Shares
Transaction:	Allotment of employee shares in accordance with the
	Tax Assessment Act, section 7A, subsection 1, no. 2
Commercial date:	25 January 2008
Market:	OMX Nordic Exchange Copenhagen A/S
Number:	53 shares to each of the above-mentioned
	persons, total 318 shares
Market value in DKK:	129,616 (totally for 318 shares)
Holding after the transaction:
Carsten Mortensen	24,553 shares 186,800 options
Lars Bagge Christensen	2,373 shares 70,940 options
Jacob Meldgaard	45,873 shares 102,620 options
Lars Lundegaard	253 shares 44,820 options
Kristian Wærness	253 shares 38,100 options
Martin Badsted	1,253 shares 26,580 options

Dampskibsselskabet "NORDEN" A/S 49, Amaliegade DK-1256 COPENHAGEN K www.ds-norden.com

Elected employee representatives:

Names:	Anton Kurt Vendelbo Christensen, Egon Christensen,
	Ole Clausen
Occasion:	Allotment of employee shares
Issuer:	Dampskibsselskabet "NORDEN" A/S
ISIN code:	DK0010269844
Description:	Shares
Transaction:	Allotment of employee shares in accordance with the
	Tax Assessment Act, section 7A, subsection 1, no. 2
Commercial date:	25 January 2008
Market:	OMX Nordic Exchange Copenhagen A/S
Number:	53 shares to each of the above-mentioned
	persons, total 159 shares
Market value in DKK:	64,808 (totally for 159 shares)

Holding after the transaction: Anton Kurt Vendelbo Christensen 5,253 shares 0 options Egon Christensen 253 shares 0 options Ole Clausen 253 shares 6,620 options

Kind regards, Dampskibsselskabet "NORDEN" A/S

Ivar H. Myklebust Executive Vice President & CFO

Contact at tel. +45 3315 0451: Executive Vice President & CFO Ivar H. Myklebust.