Announcement No. 8, 2013

Nov 14 2013

Interim financial report – third quarter 2013

EBITDA better than expected and sale of product tankers
“EBITDA for the third quarter of 2013 of USD 21.5m was better than expected, however not satisfactory. Net result for Q3 was USD (2.9)m compared to USD (81.0)m in the same period in 2012. The better than expected EBITDA together with the sale of our product tankers confirm that we are on track securing the foundation, which will enable us to realise our plans for the coming years”, says Jan Kastrup-Nielsen, President and CEO.

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