Report from resumed annual general meeting

REPORT FROM RESUMED ANNUAL GENERAL MEETING Election of Board of Directors At the resumed Annual General Meeting of Swedish Orient Line, Lennart Bylock, Folke Patriksson, Peter Weitemeyer and Kent Flodberg were re-elected to the Board of Directors. Anitha Bondestam and Mikael Kamras had previously announced that they would not stand for re-election. The Board of Directors also includes John Andersson and Gunilla Lundström, deputy member, as employee representatives. Financial position Liquidity is satisfactory and the profit for March and April was about MSEK 8. Negotiations on a loan of MSEK 75 from the principal owner B&N Nordsjöfrakt AB were not successful. However, an agreement with the banks has been reached which, it is considered, will secure Swedish Orient Line's liquidity and financial position in the future. Gothenburg, 19 May, 1999 SVENSKA ORIENT LINIEN AB (publ) Board of Directors For further information, please contact Peter Hermansson, Vice President Finance, phone +46 31 64 54 00 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/05/20/19990520BIT00110/bit0001.doc http://www.bit.se/bitonline/1999/05/20/19990520BIT00110/bit0002.pdf