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20/03/2025 In line with our intention to realise asset values, we have sold five vessels since the release of our 2024 Annual Report on 6 February 2025. Three of them were declared purchase options and comprised of two Kamsarmaxes and one Ultramax vessel. In addition to the declared purchase options, we have also sold one MR tanker vessel from the active owned fleet, as well as one Ultramax newbuilding which is scheduled to deliver at the end of 2025. The Ultramax newbuilding will be leased back on time-charter with extension and purchase options. Following these transactions, NORDEN's asset portfolio will consist of 20 owned vessels and 79 long-term leases with purchase options, 39 of which can be declared before the end of 2025. Furthermore, NORDEN continues to execute on the announced share buy-back programme and 436,000 shares have been acquired at an average price of DKK 190 per share from the initiation in early February up until 14 March 2025. About NORDEN NORDEN is a global provider of ocean-based freight services for bulk and project cargo of all sizes. We integrate freight solutions with port logistics, helping our customers to optimise and decarbonise supply chains. We provide tailored solutions based on flexibility, reliability and intelligence. Our agile business model ensures stability by continuously adapting our fleet to market developments and customer needs. Founded in 1871, NORDEN is one of Denmark's oldest internationally operating shipping companies. Incorporated in Denmark, we are listed on Nasdaq Copenhagen as a part of the OMX Nordic Large Cap index. With 18 offices across 6 continents, NORDEN is a truly integrated part of global trade. NORDEN press release 
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