Rights issue and Result of AGM
News Release
TORM A/S
April 15, 2011
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<P align=left>ANNOUNCEMENT NO. 6 – 2011 14 APRIL 2011 TORM A/S - RESULT OF THE
ANNUAL GENERAL MEETING 1 / 2 </P></FONT>
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<P></FONT>ANNOUNCEMENT NO. 6 – 2011 <FONT size=1>14 April 2011
</FONT><B><FONT size=1 face=Arial,Arial><FONT size=1
face=Arial,Arial>Annual General Meeting in TORM A/S on 14 April 2011
</B></FONT></FONT><FONT size=1>At the Annual General Meeting the following
took place: </P>
<P>The Annual Report 2010 was approved, cf. item 2 of the agenda. </P>
<P>The proposal that the result for the year be carried forward was
approved, cf. item 3 of the agenda. </P>
<P>N.E. Nielsen, Christian Frigast and Gabriel Panayotides were re-elected
as Board members, cf. item 4 of the agenda. The Chairman had in the Board
of Directors’ report informed that Bo Jagd had resigned from the Board of
Directors, and that the Board of Directors had decided not to propose for
a replacement. </P>
<P>Deloitte Statsautoriseret Revisionsaktieselskab was re-appointed as the
Company’s auditor, cf. item 5 of the agenda. </P>
<P>The Board of Directors’ proposal that the remuneration level of the
Board of Directors for the accounting year 2011 be approved by the
shareholders was adopted, cf. item 6.a of the agenda. </P>
<P>The Board of Directors’ proposal to amend Section 5.6 of the Articles
of Association by deleting the requirement that notice of general meeting
must be published in a Danish newspaper was approved, cf. item 6.b of the
agenda. </P>
<P>The Board of Directors’ proposal to amend Section 12.2 of the Articles
of Association reducing the term for Board members elected in general
meetings from 4 years to 1 year was approved, cf. item 6.c of the agenda.
</P>
<P>The Board of Directors’ proposal to renew its authorisation to let the
Company acquire own shares in the period until the next ordinary general
meeting within 10% of the issued share capital was approved, cf. item 6.d
of the agenda. </P>
<P>The Board of Directors’ proposal that it be authorised to apply for
registration with the Danish Commerce and Companies Agency, the Danish
Financial Supervisory Authority, NASDAQ OMX Copenhagen A/S or any other
public authority was approved, cf. item 6.e of the agenda. </P>
<P>At an election of employee representatives to the Board of Directors of
the Company held on 13 April 2011, Niels Peter Abildgaard Nielsen was
re-elected, while Margrethe Bligaard Thomasen and Lennart Arrias did not
volunteer for re-election. In addition to the re-elected employee
director, Kari Millum Gardarnar and Rasmus Johannes Hoffmann were elected
new employee directors. Anne Rasmussen was elected alternate director. The
new employee elected directors took office with effect as of the time of
the completion of the ordinary general meeting. </P>
<P>
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<P>At a Board meeting held immediately after the Annual General
Meeting, the Board of Directors appointed Mr. N. E. Nielsen Chairman
and Mr. Christian Frigast Deputy Chairman. Accordingly, the Board of
Directors is composed as follows: N. E. Nielsen (Chairman) Christian
Frigast (Deputy Chairman) Jesper Jarlbæk Stefanos-Niko Zouvelos
(Nicos Zouvelos) Gavriil Panayotides (Gabriel Panayotides) Angelos
Papoulias Niels Peter Abildgaard Nielsen (elected by the employees)
Kari Millum Gardarnar (elected by the employees) Rasmus Johannes
Hoffmann (elected by the employees) Contact: N. E. Nielsen, Chairman
of the Board, tel.: +45 33 34 00 00
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<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV><FONT size=1>
<P align=left>ANNOUNCEMENT NO. 6 – 2011 14 APRIL 2011 TORM A/S - RESULT OF THE
ANNUAL GENERAL MEETING 1 / 2 </P></FONT>
<TABLE dir=ltr border=1 cellSpacing=0 cellPadding=7 width=550>
<TBODY>
<TR>
<TD height=333 vAlign=top><FONT size=1>
<P></FONT>ANNOUNCEMENT NO. 6 – 2011 <FONT size=1>14 April 2011
</FONT><B><FONT size=1 face=Arial,Arial><FONT size=1
face=Arial,Arial>Annual General Meeting in TORM A/S on 14 April 2011
</B></FONT></FONT><FONT size=1>At the Annual General Meeting the following
took place: </P>
<P>The Annual Report 2010 was approved, cf. item 2 of the agenda. </P>
<P>The proposal that the result for the year be carried forward was
approved, cf. item 3 of the agenda. </P>
<P>N.E. Nielsen, Christian Frigast and Gabriel Panayotides were re-elected
as Board members, cf. item 4 of the agenda. The Chairman had in the Board
of Directors’ report informed that Bo Jagd had resigned from the Board of
Directors, and that the Board of Directors had decided not to propose for
a replacement. </P>
<P>Deloitte Statsautoriseret Revisionsaktieselskab was re-appointed as the
Company’s auditor, cf. item 5 of the agenda. </P>
<P>The Board of Directors’ proposal that the remuneration level of the
Board of Directors for the accounting year 2011 be approved by the
shareholders was adopted, cf. item 6.a of the agenda. </P>
<P>The Board of Directors’ proposal to amend Section 5.6 of the Articles
of Association by deleting the requirement that notice of general meeting
must be published in a Danish newspaper was approved, cf. item 6.b of the
agenda. </P>
<P>The Board of Directors’ proposal to amend Section 12.2 of the Articles
of Association reducing the term for Board members elected in general
meetings from 4 years to 1 year was approved, cf. item 6.c of the agenda.
</P>
<P>The Board of Directors’ proposal to renew its authorisation to let the
Company acquire own shares in the period until the next ordinary general
meeting within 10% of the issued share capital was approved, cf. item 6.d
of the agenda. </P>
<P>The Board of Directors’ proposal that it be authorised to apply for
registration with the Danish Commerce and Companies Agency, the Danish
Financial Supervisory Authority, NASDAQ OMX Copenhagen A/S or any other
public authority was approved, cf. item 6.e of the agenda. </P>
<P>At an election of employee representatives to the Board of Directors of
the Company held on 13 April 2011, Niels Peter Abildgaard Nielsen was
re-elected, while Margrethe Bligaard Thomasen and Lennart Arrias did not
volunteer for re-election. In addition to the re-elected employee
director, Kari Millum Gardarnar and Rasmus Johannes Hoffmann were elected
new employee directors. Anne Rasmussen was elected alternate director. The
new employee elected directors took office with effect as of the time of
the completion of the ordinary general meeting. </P>
<P>
<TABLE dir=ltr border=1 cellSpacing=0 cellPadding=7 width=499>
<TBODY>
<TR>
<TD height=129 vAlign=top><FONT size=1>
<P>At a Board meeting held immediately after the Annual General
Meeting, the Board of Directors appointed Mr. N. E. Nielsen Chairman
and Mr. Christian Frigast Deputy Chairman. Accordingly, the Board of
Directors is composed as follows: N. E. Nielsen (Chairman) Christian
Frigast (Deputy Chairman) Jesper Jarlbæk Stefanos-Niko Zouvelos
(Nicos Zouvelos) Gavriil Panayotides (Gabriel Panayotides) Angelos
Papoulias Niels Peter Abildgaard Nielsen (elected by the employees)
Kari Millum Gardarnar (elected by the employees) Rasmus Johannes
Hoffmann (elected by the employees) Contact: N. E. Nielsen, Chairman
of the Board, tel.: +45 33 34 00 00
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