Sale of one bulk carrier

9 June 2009

TORM has entered into an agreement to sell the Panamax bulk carrier TORM Tina (built in 2001). The vessel has been sold for a total consideration of USD 30 million with a profit of USD 11.5 million.

The vessel is expected to be delivered in July 2009. TORM maintains the pre-tax profit forecast for 2009 of USD 100 – 140 million incl. sale of vessels as stated on 19 May 2009 (announcement no. 8/2009).

Following the sale of the vessel, TORM's owned fleet consists of 61 product tankers and four bulk carrierbr>In addition, TORM has 14 product tankers and four bulk carriers on order.

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 more than 130 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