Concordia Maritime - Final Accounts 2003

- Full-year result after financial net SEK 35.1 (-142.4) million - Full-year result per share (after tax) SEK 1.62 (-3.15) - Break-even for fourth quarter - Six P-MAX tankers ordered – an investment of approx. SEK 1,500 million. Two of these chartered for five years to the oil company TOTAL - Proposed dividend: SEK 0.50 per share - Last Concordia vessels sold to offshore projects in January, 2004. Estimated capital gain of SEK 60 million. - Forecast for 2004: SEK 135 million

About Us

Concordia Maritime is an international shipping company. Our focus is on the cost-efficient and safe transportation of refined petroleum products and edible oils. The series B-share has been listed on Nasdaq Stockholm since 1984. www.concordiamaritime.com

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