TORM increases the forecast for profit before tax to USD 275-295 million

17 June 2008

Due to better than expected earnings for the Company’s product tankers in the second quarter TORM increases the forecast for profit before tax for 2008 from USD 250-270 million to USD 275-295 million.

About TORM
TORM is one of the world's leading carriers of refined oil products as well as being a significant participant in the dry bulk market. The Company operates a combined fleet of 128 modern vessels, principally through a pooling cooperation with other respected shipping companies who share TORM's commitment to safety, environmental responsibility and customer service.

TORM was founded in 1889. The Company conducts business worldwide and is headquartered in Copenhagen, Denmark. TORM’s shares are listed on the Copenhagen Stock Exchange (ticker TORM) as well as on the NASDAQ (ticker TRMD). For further information, please visit www.torm.com.

TORM, press release