Norden Reports Holding of Own Shares

Steve Krabbe, the president of Norden A/S, in connection with senior staff’s utilization of share options, announced that the company has sold 23,890 of shares of DKK 20.00. The company’s holding of own shares is now 95,900 shares of DKK 20.00 corresponding to 4.16 percent of the share capital. On March 15, Norden reported in the Annual Report 2003 that the holding of own shares was 119,790 shares of DKK 20.00 corresponding to 5.2 percentof the share capital.