TransAtlantic sells Obbola, Ortviken and Östrand RoRo vessels

TransAtlantic is divesting its three RoRo vessels Obbola, Ortviken and Östrand to SCA Transforest, which has decided to exercise its purchase option. The three RoRo vessels have been leased to SCA for an extended period for its traffic operations for forest products in the Baltic Sea.

The vessel transaction will be implemented on June 1, 2011. TransAtlantic will retain the ship-management assignment for the vessels.

The transaction will result in a positive impact of approximately SEK 55 M on the Group’s cash balance.

For further information, please contact CEO Stefan Eliasson, tel +46 (0)304 – 67 47 00

Rederi AB Transatlantic is a leading Swedish shipping company. Operations are organized into two business areas: Offshore/Icebreaking and Industrial Shipping. Ships fleet consists of 32 vessels, two anchor-handling vessels on order to be delivered in 2011/2012, and ships chartered for shorter periods. The company has about 750 employees. Its shares are listed on the NASDAQ OMX Stockholm Small Cap segment.

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