Attached please find below text as PDF file. Dampskibsselskabet ”NORDEN” A/S _______________________________________________________________________________ OMX Nordic Exchange Copenhagen A/S Announcement no. 11 Nikolaj Plads 6 18 March 2008 1067 Copenhagen K Page 1 of 1 We refer to stock announcement no. 8 dated 10 March 2008 regarding the option programme for leading employees. In this announcement, an estimated theoretical Black-Scholes value of granted options was provided. The exercise price of the options granted on 10 March 2008 has now been determined. The theoretical Black-Scholes value of each option can therefore now be determined as DKK 85.49. The calculation is based on the following assumptions: that all options are exercised at the earliest time possible, a volatility of 42.7%, an annual dividend rate of DKK 35 per share, and a risk free interest rate of 3.57%. Kind regards, Dampskibsselskabet ”NORDEN” A/S Ivar Hansson Myklebust Executive Vice President & CFO Contact at tel. +45 3315 0451: Ivar Hansson Myklebust, Executive Vice President & CFO. _______________________________________________________________________________ Dampskibsselskabet ”NORDEN” A/S 49, Amaliegade DK-1256 COPENHAGEN K www.ds-norden.com