Analysts

Company	Analyst
ABG Sundal Collier	Lars Heindorff Telephone No: +45 3318 6115 E-mail: lars.heindorff@abgsc.dk Has followed the NORDEN share since: November 2005 Covers the sector: Transportation

ABN Amro

Alm. Brand Markets	Stephen Rammer

Cantor	Natasha Boyden

Danske Bank	Johannes Møller,Equity Analyst Telephone No: +45 4512 8036 E-mail: joml@danskebank.dk Covers the sectors: Transportation & Shipping

DnB NOR	Henrik With

Handelsbanken	Dan Togo Jensen

Kaupthing/FIH	Nikolaj Kamedula, Lead Analyst Telephone No: +45 7222 5459 E-mail: nikolaj.kamedula@kaupthing.com Has followed the NORDEN share since: August 2008 Covers the sectors: Shipping and Energy Peter Rothausen, Second Analyst Telephone No: +45 7222 5292 E-mail: peter.rothausen@kaupthing.com Has followed the NORDEN share since: March 2007 Covers the sectors: Transportation & Energy

Nordea Markets	Finn Bjarke Pedersen Telephone No: +45 3333 5726 E-mail: finn.bjarke.petersen@nordea.com Has followed the NORDEN share since: 1989 Covers the sector: Transportation

Pareto	Erik Helberg Telephone No: +47 2287 8735 E-mail: erik.helberg@pareto.no Has followed the NORDEN share since: 2005 Covers the sector: Shipping

SEB Enskilda	Ole G. Stenhagen

Sydbank	Jacob Pedersen, Senior Analyst Telephone No: +45 7436 4452 E-mail: jacob.pedersen@sydbank.dk Has followed the NORDEN share since: April 2006 Covers the sectors: Shipping, Transportation, Industry & Technology