D/S Norden — Share Issue/Capital Change 2021

May 6, 2021

NORDEN
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ANNOUNCEMENT NO.65 – 6 MAY 2021

IMPLEMENTATION OF CAPITAL REDUCTION IN DAMPSKIBSSELSKABET NORDEN A/S

At the annual general meeting on 25 March 2021 and the extraordinary general meeting on 6 April 2021 convened in Dampskibsselskabet NORDEN A/S, a proposal was adopted to reduce the Company's share capital by nominally DKK 1,500,000 from 40,700,000 to DKK 39,200.000 by cancellation of treasury shares.

The deadline for creditors to file their claims against the Company has now expired, without any claim being filed. The Board of Directors has therefore decided to implement the capital reduction, and the capital reduction has been registered with the Danish Commerce and Companies Agency.

As a result of the capital reduction, the Company's Articles of Association have been changed with regard to the size of the share capital. The updated Articles of Association can be found on the Company's website under Investor/ Governance/Policies and Charters.

The share capital of the Company is hereafter DKK 39,200,000.

After the cancellation of treasury shares, the Company's holding of treasury shares represents 1,764,007 shares, corresponding to 4.50%.

Kind regards,
Dampskibsselskabet NORDEN A/S

Klaus Nyborg
Chairman

For further information:
Thomas France, Investor Communications Partner, tel.: +45 3273 0629, e-mail: tfr@norden.com

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