Releases - Concordia Maritime

OUR POSITION
NINE-MONTH REPORT FOR CONCORDIA MARITIME AB (publ)
1.1 - 30.9 2000

* Result after financial net SEK 131.6 (-14.2) million, including
SEK 25.5 million on sale of ship

* Good freight rates also in fourth quarter

* Forecast for full 2000 SEK 220 million, which is equivalent to a
profit per share of SEK 4.59 after...

INTERIM REPORT FOR CONCORDIA MARITIME AB (publ) 1.1 - 30.6 2000
* Result after financial net sek 26.3 (3.3) million
* Healthy tanker market in second quarter
* Tanker market continues to be very healthy after end of period
* Product tanker Stena Barbados sold
* Continued safe and efficient ship operation

The market situation for large tankers has not been better since the 1970s,...

INFORMATION FROM CONCORDIA MARITIME

Concordia Maritime has today sold the 6,331 Dwt product tanker STENA
BARBADOS. The pre tax result of the sale is about MSEK 23.
The buyer is a newly founded shipping company in Sweden, Wisby Tankers AB.
It is four young senior officers, two masters and to chief engineers, that
jointly owns the company. They all have solid experience from...

INTERIM REPORT FOR CONCORDIA MARITIME AB (publ) 1.1 - 31.3 2000

¤ Continued weak freight market in first quarter
¤ Result after financial net SEK -32.7 (10.7) million
¤ OPEC raises oil production again
¤ Freight rates rose to profitable levels in March
¤ Continued high scrapping rate. 16 (10) VLCCs scrapped
¤ Continued good ship operation with high quality at low costs
¤...

REPORT ON FINAL ACCOUNTS, 1999

* Very weak freight market during the year
* High scrapping rate. 35 (16) VLCCs scrapped
* Result after financial net SEK -72.0 (114.0) million
* Refinancing completed
* Construction of Stena V-MAX proceeding according to plan
* Continued effective ship operation with low operating and docking
costs
* Dry-docking as planned and budgeted.