Announcement No. 7, 2014

Jul 1 2014

J. Lauritzen A/S contemplates intra-group merger - update

Reference is being made to our announcement no. 6/2014 of earlier today stating that

 "The Board of Directors of J. Lauritzen A/S has initiated preparations to merge J. Lauritzen A/S with ship owning Danish subsidiaries (including Lauritzen Kosan A/S and Lauritzen Bulkers A/S) with a view to create a simpler group structure and to reduce the administrative burdens. The contemplated intra-group merger is expected to be completed during the second half of 2014 however with effective date from 1 January 2014."

For the sake of good order, please be advised that the two business units, Lauritzen Bulkers and Lauritzen Kosan will continue to be marketing platforms for our dry cargo and gas activities.

The simplified legal structure is not expected to have any significant financial impact.

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