INTERIM REPORT FOR CONCORDIA MARITIME AB (publ) 1 January - 30 June 2005

• Profit after tax SEK 27.8 (100.2) million, including sale of ships of SEK 51.5 (44.7) million and exchange rate differences of SEK -46.2 (0) million • Profit per share after tax: SEK 0.58 (2.10) • Net sales: SEK 185.3 (269.9) million • Equity: SEK 1,721 million corresponding to SEK 36.06 per share, an increase of SEK 2.19 per share year end 2004 • Forecast for 2005: SEK 100 million before tax and exchange rate differences, corresponding to SEK 2.10 per share, thus unchanged compared to the previous forecast • During the second quarter, a five-year time charter agreement has been signed with the American oil company Amerada Hess

Contacts: Hans Norén, President Göran Hermansson, Financial Manager +46 (0)31-85 51 01 or +46 (0)31-85 50 46 or +46 ( 0)704-85 51 01 +46 ( 0)704-85 50 46 Concordia Maritime AB (publ) SE-405 19 GOTHENBURG SWEDEN Telephone: +46 (0)31-85 50 00 Fax: +46 (0)31-12 53 47 Corporation ID number: 556068-5819 www.concordia-maritime.se