REPORT ON FINAL ACCOUNTS CONCORDIA MARITIME AB (publ) I January – 31 December, 2005

• Profit after tax: SEK 57.2 (740.2) million, including profit of SEK 56.2 (646.6) million on the sale of ships and exchange rate differences of SEK -52.6 (21.0) million • Profit per share after tax: SEK 1.20 (15.51) • Fourth quarter profit after tax: SEK 21.7 million (626.2, including profit 601.8 on the sale of ships) • Fourth quarter profit per share after tax: SEK 0.45 (13.12) • Net sales, full year: SEK 254.0 (354.0) million; net sales, fourth quarter: SEK 60.5 (46.0) million • Proposed dividend: SEK 1.00 (3.00) per share • The positive net effect on equity of a stronger USD against the SEK is SEK 202.3 million, corresponding to SEK 4.23 per share • Equity is SEK 1,770.9 million. Corresponding to SEK 37.10 per share, an increase of SEK 3.23 since 31-12-2004 • Forecast for 2006: SEK 75 million before tax, corresponding to SEK 1.58 per share • In December, the company took delivery of the Stena Paris, the first P-MAX tanker in a series of six and part of the investment program totalling approx. SEK 2.2 billion Contacts: Hans Norén, President +46 (0)31-85 51 01 or +46 (0)704-85 51 01 Göran Hermansson, Financial Manager +46 (0)31-85 50 46 or +46 (0)704-85 50 46

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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