Concordia Maritime - Oil should always travel first class

• Result after financial net SEK 35.0 (-124.8) million – SEK 0.88 (-2.68) per share
• Cash flow from operations SEK 213.0 (-9.0) million
• Forecast for full year after financial net: SEK 25 million (SEK 0.52 per share) including ship sales to date. An operating loss is expected for the fourth quarter.
• Good level of disposable liquid funds and equity ratio of 70%
• Equity per share SEK 21.78. Share price SEK 13.30.
• Concordia building up world’s most modern tanker fleet

Further information may be obtained from:

Lars Carlsson, President
tel.+46 31 85 50 03 or +46 704 85 50 03

Hans Norén, Executive Vice President
tel.+46 31 85 51 01 or +46 704 85 51 01

Jonas Kamstedt
tel.+46 31 85 50 80 or +46 704 85 50 80