D/S Norden — Director's Dealing 2016

May 11, 2016

Attached please find below text as PDF file.

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                                                         Announcement no. 12

                                                                 11 May 2016

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

                              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

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