Attached please find below text as PDF file. Dampskibsselskabet ”NORDEN” A/S _______________________________________________________________________________ OMX Nordic Exchange Copenhagen A/S Announcement No. 38 Nikolaj Plads 6 15 November 2007 1067 Copenhagen K Page 1 of 1 NORDEN increases profit guidance For 2007, NORDEN revises upwards the expected annual result to be in the range of USD 670-700 million, including profit from the sale of vessels of USD 165 million and positive fair value adjustments of certain hedging instruments of USD 13 million (IAS 39). The upward adjustment of USD 110 million is primarily due to the strong development and the Company's positioning in the dry bulk market during the fourth quarter. The estimated IAS 39 adjustments are based on known contracts and prices as of the end of the third quarter. The expectations are as follows: New expectations for 2007 Old expectations for 2007 USD million Total Total EBITDA 520-550 420-450 Profits from the sale of vessels 165 165 EBIT 665-695 565-595 Fair value adjustments of certain hedging instruments 13 2 Profit after tax 670-700 560-590 Kind regards, Dampskibsselskabet ”NORDEN” A/S Carsten Mortensen President & CEO Contact at tel. +45 3315 0451: Carsten Mortensen, President & CEO. _______________________________________________________________________________ Dampskibsselskabet ”NORDEN” A/S 49, Amaliegade DK-1256 COPENHAGEN K www.ds-norden.com