D/S Norden — Director's Dealing 2014

May 14, 2014

Attached please find below text as PDF file.

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                                                         Announcement no. 23

                                                                 14 May 2014

Dampskibsselskabet NORDEN A/S

Statement of leading employees’ transactions in NORDEN shares and related
securities

According to section 28A of the Danish Securities Trading Act, the Company
shall report the following information about the transactions of leading
employees in the Company’s shares and related securities:

Name: Ejner Bonderup
Occasion: Reporting duty, Executive Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Purchase of shares
Commercial date: 14 May 2014
Market: NASDAQ OMX Copenhagen A/S
Number: 900
Market value in DKK: 195,390

Holding after the transaction: 4,942 shares and 55,580 options

                              Kind regards,

                      Dampskibsselskabet NORDEN A/S

                            Carsten Mortensen

                        President & CEO

Further information: Nicolai Bro Jöhncke, Director, Head of Corporate
Communications, tel.: +45 3315 0451.

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