TORM expects temporary bank agreement to be extended
News Release
TORM A/S
January 16, 2012
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<P align=left>With reference to announcement no. 21 dated 5 December 2011, TORM
and the Company’s group of</P>
<P align=left>banks agreed on a temporary deferral of instalments and covenant
standstill until15 January 2012.</P>
<P>Negotiations are ongoing and TORM expects the temporary bank agreement to be
extended shortly.</P></FONT></FONT></DIV></BODY></HTML>
<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=2 face=Helvetica><FONT size=2 face=Helvetica>
<P align=left>With reference to announcement no. 21 dated 5 December 2011, TORM
and the Company’s group of</P>
<P align=left>banks agreed on a temporary deferral of instalments and covenant
standstill until15 January 2012.</P>
<P>Negotiations are ongoing and TORM expects the temporary bank agreement to be
extended shortly.</P></FONT></FONT></DIV></BODY></HTML>