BROSTRÖMS LAUNCHES NEW SHARE PRICE INDEX ON THE INTERNET

BROSTRÖMS LAUNCHES NEW SHARE PRICE INDEX ON THE INTERNET As the first company on the Stockholm Stock Exchange, Broströms introduces today its own international share price index - the Broström Logistics Index (BLI) - on the company's website. The introduction is in line with Broströms' long-term endeavour to become the market leader within marine logistics for the oil and chemical industry. The market for transportation of oil and chemical products is changing quickly, the reason being the comprehensive restructuring among the oil and chemical companies. They increasingly focus on their core business and tend to enter into partnership with global transport and logistics operators. For Broströms this implies an increased focus on marine transport and logistics solutions, which makes benchmarks against traditional shipping companies included in the existing stock price indexes less relevant. - Broströms should rather be regarded as a marine ASG or BTL for the oil and chemical industry than a traditional shipping company. With this approach there are very few companies on the Stockholm Stock Exchange to benchmark against. In order to facilitate the judgement and the valuation of Broströms we are now launching the Broström Logistics Index (BLI) including ten other international logistics companies, says Broströms' CEO Lennart Simonsson in a comment. The Broström Logistics Index (BLI) includes eleven publicly listed European companies active in industrial shipping and logistics on an international basis. Each of the companies selected has a market capitalisation not exceeding SEK 3 billion and the total market capitalisation for these companies is presently about SEK 10 billion (EUR 1.2 billion). The companies are: Stock Market cap Sales 1998 Company exchange (SEK million) (SEK million) DFDS Copenhagen 2,570 12,242 Odfjell Oslo 2,500 4,053 VTG-Lehnkering Frankfurt/Düsseldorf 1,280 7,300 Frans Maas Amsterdam 1,270 5,700 James Fisher London 540 840 Gorthon Lines Stockholm 480 656 Benor Tankers Oslo 470 1,020 Broström Van Ommeren Stockholm 360 2,200 Shipping B&N Nordsjöfrakt Stockholm 240 576 Team Shipping Oslo 150 180 The Swedish Orient Stockholm 70 722 Line The new share price index - the Broström Logistics Index (BLI) - will be updated every Monday based on the current share prices quoted the previous Friday calculated in Swedish kronor (SEK). The index development will be published on Broströms' web-site, www.brostroms.se under the headline Financial Information, and can easily be related to the price development of the Broström Van Ommeren Shipping share. Further information in connection with the share price index and the underlying companies can be found on the same address. Göteborg 11 October 1999 BROSTRÖM VAN OMMEREN SHIPPING AB (publ) For further information: Lennart Simonsson, Managing Director, tel +46 31 61 61 00 Broström Van Ommeren Shipping is one of the leading logistics providers for the oil and chemical industries, with a focus on industrial tanker shipping and marine services. The Group has 900 employees and net sales of SEK 2.1 billion. General information about Broströms can be found on the Internet: www.brostroms.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/08/20040108BIT00770/wkr0001.doc http://www.waymaker.net/bitonline/2004/01/08/20040108BIT00770/wkr0002.pdf