The following employee-elected board members have on August 19, 2020 resigned from the board of Dampskibsselskabet NORDEN, as their employment has been transferred to a newly established joint venture which will in the future handle the technical operation of NORDENs tanker fleet as mentioned in the quarterly report for the second quarter 2020: Susanne Fauerskov, Head of Marine Payroll; Lars Enkegaard Biilmann, Captain. The employees of the Company will elect substitute board representatives as soon as possible.