Statement by the Board of Directors and Management

The Board of Directors and Management have today reviewed and approved the annual report of Dampskibsselskabet ”NORDEN” A/S for 2007.

 

The annual report was prepared in accordance with International Financial Reporting Standards as adopted by the EU and additional Danish disclosure requirements for annual reports of listed companies. We consider the accounting policies applied to be appropriate. Accordingly, the annual report gives a true and fair view of the financial position at 31 December 2007 of the Group and the parent company and of the results of the Group’s and the parent company’s operations and cash flows for the financial year 2007.

 

We recommend that the annual report be approved at the annual general meeting.

 

Copenhagen, 10 March 2008

 

PRESIDENT

 

EXECUTIVE VICE PRESIDENT

 

CHAIRMAN

 

VICE CHAIRMAN

 

Einar K. Fredvik

 

Dag Rasmussen

 

Erling Højsgaard

 

Anton Kurt Vendelbo Christensen

 

Egon Christensen