Interim Report 1 January - 30 June 2006

Broström AB (publ) – Reg. no. 556005-1467 • Volatile freight market during first half of the year - 2006 started with a strong freight market, but a sharp downturn occurred towards the end of the first quarter and continued during most of the second quarter. - On account of Broström’s strong reliance on contracts of affreightment and thus the long scheduling of the fleet, the downturn in the freight market during the later part of the first quarter did not affect earnings until the second quarter. - The close of the second quarter and start of the third quarter have been characterised by an improvement in the freight market, which for large tonnage has been considerable. • Profit after net financial items for the first six months SEK 375 m (347) - Net sales SEK 1,720 m (1,747, of which 269 pertains to sold subsidiaries). - Profit after tax SEK 317 m (292). - Earnings per share SEK 9.61 (8.90). - Return on capital employed 13.4% (16.7%). • Profit after net financial items for Q2 SEK 65 m (186) - Net sales SEK 767 m (986, of which 163 pertains to sold subsidiaries). - Profit after tax SEK 61 m (155). - Earnings per share SEK 1.87 (4.73). • Cash flow and disposable liquidity - Cash flow per share SEK 11.88 (12.24). - Disposable liquidity amounted to SEK 1,113 m (1,295 on 31 December 2005). - The dividend payout was SEK 261 m. • Change in transport capacity during the second quarter - The newly built vessels BRO DELIVERER and BRO DESIGNER were delivered during the second quarter. • Outlook for 2006 The start of the third quarter of 2006 has, despite the seasonal downturn, been characterised by a strengthening in the market in Broström’s segment, which for large tonnage has been considerable. Structural changes in the market and widening regional imbalances are giving rise to a continued greater need for transport in Broström’s segment. The outlook for 2006 as a whole continues to be favourable.