D/S Norden — Remuneration Information 2012

Jan 23, 2012

Announcement no. 3 23 January 2012 Page 1 of 2

Dampskibsselskabet NORDEN A/S Statement of leading employees' and elected employee representatives' transactions in NORDEN shares and related securities

According to the Danish Securities Trading Act, section 28A, the Company shall report the following information about above mentioned persons' and their closely related parties' transactions in the Company's shares and related securities:

Leading employees:

Names:	Carsten Mortensen, Michael Tønnes Jørgensen, Peter Norborg,
	Lars Bagge Christensen, Kristian Wærness, Martin Badsted, Lars
	Lundegaard, Vibeke Schneidermann, Peter Borup
Occasion:	Allotment of employee shares
Issuer:	Dampskibsselskabet NORDEN A/S
ISIN code:	DK0010269844
Description:	Shares
Transaction:	Allotment of employee shares in accordance with the Danish Tax
		Assessment Act, section 7A, subsection 1, no. 2
Commercial date:	20 January 2012
Market:	NASDAQ OMX Copenhagen A/S
Number:	161 shares to each of the above mentioned persons,
	in total 1,449 shares
Market value in DKK:	204,932 (in total for 1,449 shares)
Holding after the transaction:
Carsten Mortensen	43,363 shares 249,241	options
Michael Tønnes Jørgensen	703 shares	94,048 options
Peter Norborg	723 shares	95,837 options
Lars Bagge Christensen	2,843 shares	88,001 options
Kristian Wærness	4,223 shares	50,872 options
Martin Badsted	1,723 shares	49,244 options
Lars Lundegaard	723 shares	55,807 options
Vibeke Schneidermann	723 shares	34,997 options
Peter Borup	161 shares	67,002 options

Dampskibsselskabet NORDEN A/S 52, Strandvejen DK-2900 HELLERUP CVR no. 67758919 www.ds-norden.com

Elected employee representatives:

Names:	Benn Pyrmont Johansen, Lars Enkegaard Biilmann, Bent Torry
	Sørensen
Occasion:	Allotment of employee shares
Issuer:	Dampskibsselskabet NORDEN A/S
ISIN code:	DK0010269844
Description:	Shares
Transaction:	Allotment of employee shares in accordance with the Danish Tax
	Assessment Act, section 7A, subsection 1, no. 2
Commercial date:	20 January 2012
Market:	NASDAQ OMX Copenhagen A/S
Number:	161 shares to each of the above mentioned persons,
	in total 483 shares
Market value in DKK:	68,311 (in total for 483 shares)

Holding after the transaction:

Benn Pyrmont Johansen	603 shares	0 options
Lars Enkegaard Billmann	723 shares	0 options
Bent Torry Sørensen	723 shares	0 options

Kind regards, Dampskibsselskabet NORDEN A/S

Carsten Mortensen President & CEO

Contacts at tel. +45 3315 0451: Martin Badsted, Senior Vice President, and Hans Bøving, Vice President and Head of Corporate Communications & CSR.

Dampskibsselskabet NORDEN A/S 52, Strandvejen DK-2900 HELLERUP CVR no. 67758919 www.ds-norden.com