Payout of dividend and buyback of shares

15 Dec 2010

NORDEN will pay out DKK 505 million (approximately USD 90 million) to the shareholders through payment of dividends and buy-back of shares

NORDEN's Board of Directors will propose to the annual general meeting on 11 April 2011 that a dividend of DKK 8 per share will be paid out for the financial year 2010, corresponding to a total dividend of DKK 335 million (approximately USD 60 million at the present USD/DKK rate) and a dividend yield of 4.1% based on yesterday's share price (14 December 2010).

Furthermore, the Board of Directors has decided to initiate a buy-back of shares at a value of DKK 170 million (approximately USD 30 million at the present USD/DKK exchange rate) on the terms stated below.

NORDEN