Svithoid Tankers evaluates strategic alternatives

Svithoid Tankers evaluates strategic alternatives

The Board of Directors of Svithoid Tankers AB (publ) announced today that it has
retained Pareto Securities AS and NRP Securities ASA as financial advisors to
assist the Company in evaluating strategic alternatives

The Board of Directors of Svithoid Tankers AB (publ) (“Svithoid Tankers”)
announced today that it has retained Pareto Securities AS as Lead-Manager and
NRP Securities ASA Co-Lead Manager to assist Svithoid Tankers as financial
advisors in evaluating strategic alternatives to maximize shareholder value and
to secure a long-term funding for the company's remaining newbuild vessels.
These alternatives may include, but are not limited to, continued execution of
Svithoid Tankers' business plan, sale or merger of Svithoid Tankers, sale of the
entire fleet, or other strategic transactions.

There can be no assurance that a transaction will be entered into or completed
as a result of this process. Svithoid Tankers does not intend to disclose any
updates regarding the ongoing process until the review of strategic alternatives
is complete.

Due to the process of evaluating strategic alternatives the Board of Directors
has decided to change the date for the publication of the interim report
July-September 2008 from October 30 until November 28.


About Svithoid Tankers

Svithoid Tankers is engaged in product and chemicals tanker shipping in Northern
Europe, with vessels below 10,000 dwt. The company owns and operates one of the
most modern fleet of IMO II tankers below 5,000 dwt. The company has 11 vessels
in operation and 5 under construction. The new build vessels are based on a
proprietary design which has competitive advantages relative to standardized
tonnage, all with high standards that fulfill all the latest environmental and
safety requirements. Svithoid Tankers aims to grow within coastal tanker
shipping through long-term close cooperation with the leading regional operators
and oil majors. 

Svithoid Tankers is strategically positioned in an attractive segment which in
general is characterized by an old fleet and increasing regulatory requirements.
The current age profile of product and chemical tanker fleet under 10,000 dwt in
combination with new, more stringent regulations signify a continuing strong
demand for renewing the fleet, primarily in the segment below 5,000 dwt. 

Svithoid Tankers' vessels are employed on time charters to industrial customers
and operators, allowing for predictable revenues the coming years. Furthermore,
the company believes there is a significant potential for cost synergies and
improvements to be realized through a strategic transaction.



For further information please contact:

Svithoid Tankers AB 
Fredrik Nygren, Managing Director
Tel:+46 8 546 999 42
Mob: +46 70 972 25 81
E-mail: fredrik.nygren@svithoidtankers.com

Pareto Securities AS
Even Matre Ellingsen
Tel: +47 22 87 87 51
Mob: +47 91 79 34 76
E-Mail: even.matre.ellingsen@pareto.no 

NRP Securities ASA
Ingar Nissen-Meyer
Tel: +47 23 23 85 42
Mob: +47 41 57 08 18 
E-Mail: inm@nrp.as 

Svithoid Tankers may be required to discloset the information provided herein
pursuant to the Swedish Securities Markets Act and/or the Swedish Financial
Instruments Trading Act. The information was provided for public release on
Thursday the 25th of September, 2008 at 3 p.m. Swedish time.