Press information 3 May 2006 - Concordia Maritime AB (publ)

Hedge of equity

The board of directors have revised the group currency policy concerning hedge of net investments in a foreign operation. Concordia Maritime’s equity and net worth is affected by the US-dollar development. The new policy stipulates that the company should hedge approx. 50% of the equity compared to previously approx. 30%. Total hedged amount against Swedish krona is MUSD 120.