INTERIM REPORT CONCORDIA MARITIME AB (PUBL)

The product tanker market was strong throughout the first half of the year and the segment generated a strong cash flow, which exceeded expectations. A new agreement signed with TOTAL for additional time charters totalling 9 years. The large tanker Stena Vision has re-entered service.

Net sales: SEK 224.7 (153.3) million

Profit after tax: SEK 22.5 (18.7) million

Profit after tax per share SEK 0.47 (0.39)

Healthy cash flow and profit for product tanker segment

A one-time cost of SEK 9.8 million relating to the large tanker segment has been charged to the result for the first six months following the final settlement of a dispute together with a cost of SEK 17.9 million in connection with the repair of the Stena Vision

New forecast for 2007: profit SEK 65 million before tax (previous forecast: SEK 80 million) corresponding to SEK 1.36 per share (previous forecast: SEK 1.68)

Concordia Maritime invites you to a teleconference on 15 August, 2007, 10:00 CEST.

The Interim Report for Q2, 2007, will be presented and questions answered.
Attending:
Hans Norén, President
Göran Hermansson, Financial Manager
Phone: +44 20 7162 0025 or
+46 8 5052 0110
Conference title: Concordia Maritime

The full report can be found on www.concordia-maritime.se