TORM reaches temporary standstill with its bank group until 31 May 2012

News Release TORM A/S May 11, 2012

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TORM and the Company’s bank group have as expected extended the
deferral of instalments and
covenant standstill until 31 May 2012. The temporary agreement is
subject to the continued progress
of the negotiations towards the financing framework agreement in
principle as described in
announcement no. 14 dated 4 April 2012.
“We have agreed a new extension of the standstill with our bank
group and the final documentation of
the long-term financing plan has commenced,”
says
CFO Roland M. Andersen.
Contact TORM A/S
Jacob Meldgaard, CEO, tel.: +45 3917 9200
Roland M. Andersen, CFO, tel.: +45 3917 9200
C. Søgaard-Christensen, IR, tel.: +45 3076 1288
Tuborg Havnevej 18
DK-2900 Hellerup, Denmark
Tel.: +45 3917 9200 / Fax: +45 3917 9393
www.torm.com</DIV></BODY></HTML>