INTERIM REPORT CONCORDIA MARITIME AB (publ) I January – 31 March, 2006

* Profit after tax SEK 17.2 (27.0) million, including a profit of SEK 0.0 (47.4) million on the sale of ships and exchange rate differences of SEK 4.5 (-26.0) million * Profit per share after tax: SEK 0.36 (0.57) * Net sales: SEK 72.7 (70.6) million * In February, a 5-year time-charter agreement was signed with French TOTAL for the Stena Perros. The second P-MAX tanker, Stena Provence, was delivered in March * In March a newbuilding contract was signed for further two P-MAX tankers, conditional on final approvment by the boards of the company and the yard * Equity: SEK 1 758.6 million corresponding to SEK 36.84 per share (SEK 37.10 on 31-12-2005) * Forecast for 2006: SEK 75 million before tax corresponding to SEK 1.58 per share, i.e. unchanged compared to the previous forecast