Interim report for first quarter

5/5/2003 1:25 PM EST

INTERIM REPORT FOR CONCORDIA MARITIME AB (publ)
1 JANUARY - 31 MARCH, 2003

· Result after financial net SEK 68.1 (-46.5) million, SEK 1.41
(-0.99) per share

· Strong freight market in first quarter

· Continued safe and cost-efficient ship operation

· Healthy underlying demand for large-tanker transportation - but
uncertainty concerning Iraq situation and the SARS virus are having
a negative impact

· Profit expected for second quarter

· Forecast for full year unchanged: SEK 100 million profit, SEK
2.10 per share

Further information may be obtained from:
Lars Carlsson, President tel.+46 31 85 50 03 or
+46 704 85 50 03
Hans Norén, Executive Vice President tel.+46 31 85 51 01 or
+46 704 85 51 01
Jonas Kamstedt tel.+46 31 85 50 80 or
+46 704 85 50 80