D/S Norden — M&A Activity 2011

Mar 28, 2011

Attached please find below text as PDF file.

Dampskibsselskabet NORDEN A/S

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Announcement no. 19

28 March 2011

Conditional sales agreement will not be effected

In its Company announcement no. 2 (24 January 2011), NORDEN announced that the
Company had entered into a conditional agreement for the sale of up to 6
Handysize vessels, subject to the buyer's final approval before 30 March 2011.

The buyer has not been able to submit this final approval, and consequently,
the sale will not take place. NORDEN will then operate the 6 vessels itself as
they are being delivered from the yard in 2011-2012.

The cancelled agreement will not influence NORDEN's expectations for 2011.

                              Kind regards,


                      Dampskibsselskabet NORDEN A/S


                            Carsten Mortensen


                          President & CEO

Contacts at tel. +45 3315 0451: Martin Badsted, Senior Vice President.

Hans Bøving, VP, Head of Corporate Communications & CSR.

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                      Dampskibsselskabet NORDEN A/S


                            52, Strandvejen


                            DK-2900 HELLERUP


                            CVR no. 67758919


                            www.ds-norden.com