Attached please find below text as PDF file.

Dampskibsselskabet NORDEN A/S

______________________________________________________________________________

Announcement no. 3

23 January 2012

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
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Occasion: Allotment of employee shares
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Issuer: Dampskibsselskabet NORDEN A/S
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ISIN DK0010269844
code:
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Descripti Shares
on:
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Transacti Allotment of employee shares in accordance with the Danish Tax
on: Assessment Act, section 7A, subsection 1, no. 2
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Commercia 20 January 2012
l date:
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Market: NASDAQ OMX Copenhagen A/S
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Number: 161 shares to each of the above mentioned persons,
in total 1,449 shares
--------------------------------------------------------------------------------
Market 204,932 (in total for 1,449 shares)
value in
DKK:
--------------------------------------------------------------------------------

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
--------------------------------------------------------

Elected employee representatives:

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

Holding after the transaction:

Benn Pyrmont Johansen 603 shares 0 options
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Lars Enkegaard Billmann 723 shares 0 options
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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

No. 3 - Statement of transactions.pdf