Interim Report 1 January – 31 March 2014

Profit for the quarter – good start to the year

New chartering strategy beginning to produce results

Total and Shell contracts delivered

Agreement for the sale of two LR1 tankers – positive results to be reported in the second quarter

Expected profit for the full year

Total income, SEK million                           135.2 (127.9)

EBITDA, SEK million                                     51.7 (51.2)

Operating result, SEK million                      15.9 (15.7)

Result after tax, SEK million                        12.2 (7.6)

Result per share, SEK                                  0.26 (0.16)

EBITDA, USD million                                    8.0 (8.0)

Available liquid funds*), SEK million           285.2 (427.0)

*Including unutilized available credit facilities

Kim Ullman, CEO, 46 704 855003
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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