D/S Norden — Director's Dealing 2016

May 11, 2016

Announcement no. 12 11 May 2016 Page 1 of 1

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: Karsten Sivebæk Knudsen ISIN code: DK0010269844 Description: Shares Transaction: Purchase of shares Commercial date: 11 May 2016 Market: Nasdaq Copenhagen Number: 1,200 Market value in DKK: 117,200 Holding after the transaction: 2,000 shares

Occasion: Reporting duty, Board member Issuer: Dampskibsselskabet NORDEN A/S

Kind regards, Dampskibsselskabet NORDEN A/S

Martin Badsted Executive Vice President & CFO

For further information: Nicolai Bro Jöhncke, Director, Head of Corporate Communications & CSR, tel.: +45 3315 0451