Interim Report 1 January – 31 March 2005

Broström AB (publ) – Reg No 556005-1467 • Profit after net financial items for Q1 SEK 162 m (100) ­ - Net sales SEK 760 m (806) ­ - Profit for the period SEK 136 m (79) ­ - Earnings per share SEK 4.17 (2.59) ­ - Return on capital employed 16.6% (12.6) • Disposable liquidity amounted to SEK 1,034 m (828 on 31 December 2004). • The first quarter was characterised by a continued strong freight market. • Increases and changes in transport capacity ­ - Acquisitions of further stakes in vessels ­ - Additional co-operation partners ­ - Acquisition of Nordtank Shipping A/S including stakes in vessels ­ - Sale of older vessels and Seawise Australia Pty ­ - Iver Ships Ltd to be wholly owned. Agreements on the acquisition of an additional four vessels. • The strong freight market has continued into the second quarter. Structural changes and growing regional imbalances are leading to greater need for transport. The outlook for 2005 is considered to be favourable.