YEAR-END REPORT, 1 January –31 December 2012

Financing secured for newly ordered vessels

Half of the P-MAX fleet upgraded to IMO 3

Board proposes to the AGM a dividend of SEK 0.50 (1.00)

Full year 2012

Total income, SEK million 543.4
EBITDA, SEK million 228.4
Operating result before impairment, SEK million 77.5
Impairment, SEK million -411.0
Operating result after impairment, SEK million -333.5
Result after tax, SEK million -356.0
Result per share, SEK -7.46
EBITDA, USD million 33.7
Available liquid funds 1),SEK million 484.0

1)                Including unutilised available credit facilities

Hans Norén, President, +46 704 855101
Anna Forshamn, CFO, +46 704 855172

Concordia Maritime is an international tanker shipping company. Our focus is on cost-effective and safe transportation of refined petroleum products and vegetable oils. The company's B shares were admitted to trading on Nasdaq OMX Stockholm in 1984. www.concordiamaritime.com

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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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