D/S Norden — Remuneration Information 2012

Mar 15, 2012

Attached please find below text as PDF file.

Dampskibsselskabet NORDEN A/S

---

                                                          Announcement no. 5

                                                               15 March 2012

Dampskibsselskabet NORDEN A/S

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

As stated in NORDEN’s annual report of 7 March 2012, NORDEN has established a
share option programme for leading employees and other key employees, in total
68 employees (against 65 employees last year). Each share option entitles the
recipient to acquire 1 NORDEN share denominated in DKK. As in 2011, 350,000
share options have been granted this year. The share options may be exercised
in the period from 7 March 2015 to 7 March 2018.

The exercise price of the options is determined as the five-day average of the
market price following 7 March 2012, less all dividend payments after 7 March
2012 plus an addition of 20%.

These conditions are identical with those established by the Company for 65
employees in March 2011.

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

Name: Carsten Mortensen
Occasion: Reporting duty, President & CEO
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 7 March 2012
Market: NASDAQ OMX København A/S
Number: 57,376
Market value of
underlying shares in DKK: 8,909,345
Holding after the transaction: 43,363 shares and 234,177 options

Name: Michael Tønnes Jørgensen
Occasion: Reporting duty, Executive Vice President & CFO
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 7 March 2012
Market: NASDAQ OMX København A/S
Number: 24,328
Market value of
underlying shares in DKK: 3,777,652
Holding after the transaction: 703 shares and 118,376 options

Name: Peter Norborg
Occasion: Reporting duty, Executive Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 7 March 2012
Market: NASDAQ OMX København A/S
Number: 23,410
Market value of
underlying shares in DKK: 3,635,105
Holding after the transaction: 723 shares and 97,947 options

Name: Lars Bagge Christensen
Occasion: Reporting duty, Senior Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 7 March 2012
Market: NASDAQ OMX København A/S
Number: 16,249
Market value of
underlying shares in DKK: 2,523,145
Holding after the transaction: 2,843 shares and 76,430 options

Name: Peter Borup
Occasion: Reporting duty, Senior Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 7 March 2012
Market: NASDAQ OMX København A/S
Number: 13,053
Market value of
underlying shares in DKK: 2,026,870
Holding after the transaction: 161 shares and 61,455 options

Name: Lars Lundegaard
Occasion: Reporting duty, Senior Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 7 March 2012
Market: NASDAQ OMX København A/S
Number: 10,466
Market value of
underlying shares in DKK: 1,625,160
Holding after the transaction: 723 shares and 48,893 options

Name: Kristian Wærness
Occasion: Reporting duty, Senior Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 7 March 2012
Market: NASDAQ OMX København A/S
Number: 10,034
Market value of
underlying shares in DKK: 1,558,080
Holding after the transaction: 4,223 shares and 45,266 options

Name: Martin Badsted
Occasion: Reporting duty, Senior Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 7 March 2012
Market: NASDAQ OMX København A/S
Number: 10,282
Market value of
underlying shares in DKK: 1,596,589
Holding after the transaction: 1,723 shares and 45,626 options

Name: Vibeke Schneidermann
Occasion: Reporting duty, Senior Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 7 March 2012
Market: NASDAQ OMX København A/S
Number: 8,262
Market value of
underlying shares in DKK: 1,282,923
Holding after the transaction: 723 shares and 37,599 options

The theoretical Black-Scholes value of each option is DKK 30.17 based on the
exercise price determined as the five-day average of the market price (all
transactions) from 8 March 2012. The estimated value is based on the following
assumptions: that all options are exercised after 3.25 years, a volatility of
42.7%, an annual dividend rate of DKK 4 per share (from 2012) and a risk free
interest rate of 0.56%.

                              Kind regards,

                      Dampskibsselskabet NORDEN A/S

                        Michael Tønnes Jørgensen

                   Executive Vice President & CFO

Contact at tel. +45 3315 0451: Executive Vice President & CFO Michael Tønnes
Jørgensen.

---

                      Dampskibsselskabet NORDEN A/S

                            52, Strandvejen

                            DK-2900 HELLERUP

                            CVR no. 67758919

                            www.ds-norden.com