Concordia Maritime - Oil should always travel first class

• Net sales: SEK 178.3 (132.7) million
• Profit after tax SEK 0.4 (20.4) million
• Profit per share: SEK 0.01 (0.43)
• EBITDA of USD 5.9 (6.2) million
• Available liquid funds (including unutilised credit facilities) SEK 712.5 (595.5) million
• Equity per share amount to SEK 39.99 (at year end 2008, 41.21)
• Forecast for 2009: SEK 45 million, corresponding to SEK 0.94 per share

• Business operations are proceeding according to plan, with the exception of the damage to one of the Stena Victory’s reduction gears.
• The value of Weavering Capital has been charged to the result.

Hans Norén President Telefon +46 31 855101 Cell +46 704 855101

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

Concordia Maritime AB (publ) is an international tanker shipping company listed on the Nasdaq OMX 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