Concordia Maritime - Oil should always travel first class

 Net sales: SEK 560.2 (457.2) million
• Profit after tax SEK 95.8 (62.9) million
• Profit per share after tax: SEK 2.01 (1.32)
• Proposed dividend: SEK 1.00 (1.00) per share
• EBITDA of USD 24.7 (13.5) million
• Available liquid funds SEK 507.5 (515.9) million
• Forecast for 2009: A profit before tax of USD 8 (SEK 70) million
• Long contracts provide stability in a weakening market
• Newbuilding program proceeding according to plan

Long contracts provide stability in a weakening market
Hans Norén 
President 
Telefon +46 31 855101 
Mobil +46 704 855101

Göran Hermansson
Financial Manager
Tel +46 31 855046
Mobil +46 704 855046

Concordia Maritime AB (publ) is an international tanker shipping company listed on the Nasdaq OMX Nordic Exchange in Stockholm. The company has ordered ten tankers, which are being built in accordance with the MAX concept. Six P-MAX-vessels have been delivered and four will be delivered during 2009/2010. These vessels, P-MAX, are product tankers of about 65,200 dwt. The MAX concept means that the vessels are designed for maximum loading capacity in shallow waters. They have been designed according to a new concept for safer oil transportation with double main engines in two completely separate engine rooms, double rudders and steering gear, two propellers and double control systems. www.concordia-maritime.se