Major shareholder announcement pursuant to Section 29 of the
Securities Trading Act and Section 55 of the Companies Act

Announcement no. 14 / 23 September 2011 Major shareholder announcement Page 1 of 1

TORM has today received the attached notification that the ultimate owner of Menfield Navigation Company Limited has today transferred her entire equity interest as a gift to the Alpha Trust with the effect that she no longer has any direct or indirect holding of shares or voting rights in TORM A/S.

By virtue of this transaction Alpha Trust has as of today increased its indirect holding of shares in TORM A/S with 14,564,704 shares to 38,020,804 shares corresponding to an increase in the ownership level in TORM A/S from 32.22% to 52.23% of the total share capital and of the voting rights.

About TORM
TORM is one of the world’s leading carriers of refined oil products as well as a significant player in the dry bulk market. The Company runs a fleet of approximately 140 modern vessels in cooperation with other respected shipping companies sharing 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 NASDAQ OMX Copenhagen (ticker: TORM) and on NASDAQ in New York (ticker: TRMD). For further information, please visit www.torm.com.

TORM, press release