TORM expects temporary agreement with banks to be renewed
News Release
TORM A/S
June 1, 2012
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<P align=left>With reference to announcement no. 25 dated 11 May, TORM and the
Company’s group of banks</P>
<P align=left>agreed on a temporary deferral of instalments and covenant
standstill until 31 May 2012. TORM</P>
<P align=left>expects the temporary agreement with the banks to be renewed
shortly.</P></FONT></FONT><B><FONT size=1 face=Helvetica-Bold><FONT size=1
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<P align=left>Contact TORM A/S</P></B></FONT></FONT><FONT size=1
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<P align=left>Jacob Meldgaard, CEO, tel.: +45 3917 9200</P>
<P align=left>Roland M. Andersen, CFO, tel.: +45 3917 9200</P>
<P align=left>C. Søgaard-Christensen, IR, tel.: +45 3076 1288</P>
<P align=left>Tuborg Havnevej 18</P>
<P align=left>DK-2900 Hellerup, Denmark</P>
<P align=left>Tel.: +45 3917 9200 / Fax: +45 3917 9393</P>
<P>www.torm.com</P></FONT></FONT>
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<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.19222"></HEAD>
<BODY><FONT size=2 face=Helvetica><FONT size=2 face=Helvetica>
<P align=left>With reference to announcement no. 25 dated 11 May, TORM and the
Company’s group of banks</P>
<P align=left>agreed on a temporary deferral of instalments and covenant
standstill until 31 May 2012. TORM</P>
<P align=left>expects the temporary agreement with the banks to be renewed
shortly.</P></FONT></FONT><B><FONT size=1 face=Helvetica-Bold><FONT size=1
face=Helvetica-Bold>
<P align=left>Contact TORM A/S</P></B></FONT></FONT><FONT size=1
face=Helvetica><FONT size=1 face=Helvetica>
<P align=left>Jacob Meldgaard, CEO, tel.: +45 3917 9200</P>
<P align=left>Roland M. Andersen, CFO, tel.: +45 3917 9200</P>
<P align=left>C. Søgaard-Christensen, IR, tel.: +45 3076 1288</P>
<P align=left>Tuborg Havnevej 18</P>
<P align=left>DK-2900 Hellerup, Denmark</P>
<P align=left>Tel.: +45 3917 9200 / Fax: +45 3917 9393</P>
<P>www.torm.com</P></FONT></FONT>
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