Notice to convene annual general meeting


10 April 2007



Enclosed please find agenda for the Annual General Meeting of Directors and     
Shareholders of A/S Dampskibsselskabet TORM to be held on 17 April 2007.        


 Contact	N. E. Nielsen, Chairman, tel.: +45 72 27 00 00                         



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About TORMTORM is one of the World's leading carriers of refined oil products   
and has significant activities in the bulk market. The Company operates close to
100 modern and secure vessels, most of them in pool co-operation with other     
respected shipping companies, sharing TORM's commitment to safety, environmental
responsibility and customer service.                                            

TORM was founded in 1889 and has constantly adapted itself and benefited from   
the significant changes characterizing shipping. The Company conducts business  
all over the World and is headquartered in Copenhagen, Denmark. TORM's shares   
are listed in Copenhagen (ticker TORM) as well as on NASDAQ (ticker TRMD). For  
more information, visit www.torm.com.                                           




SAFE HARBOUR STATEMENT - FORWARD LOOKING STATEMENTS                             

Matters discussed in this release may constitute forward-looking statements.    
Forward-looking statements reflect our current views with respect to future     
events and financial performance and may include statements concerning plans,   
objectives, goals, strategies, future events or performance, and underlying     
assumptions and other statements, which are other than statements of historical 
facts.                                                                          

The forward-looking statements in this release are based upon various           
assumptions, many of which are based, in turn, upon further assumptions,        
including without limitation, management's examination of historical operating  
trends, data contained in our records and other data available from third       
parties. Although TORM believes that these assumptions were reasonable when     
made, because these assumptions are inherently subject to significant           
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, TORM cannot assure you that it will achieve or          
accomplish these expectations, beliefs or projections.                          

Important factors that, in our view, could cause actual results to differ       
materially from those discussed in the forward-looking statements include the   
strength of world economies and currencies, changes in charter hire rates and   
vessel values, changes in demand for “tonne miles” of crude oil carried by oil  
tankers, the effect of changes in OPEC's petroleum production levels and        
worldwide oil consumption and storage, changes in demand that may affect        
attitudes of time charterers to scheduled and unscheduled dry-docking, changes  
in TORM's operating expenses, including bunker prices, dry-docking and insurance
costs, changes in governmental rules and regulations including requirements for 
double hull tankers or actions taken by regulatory authorities, potential       
liability from pending or fu                                                    
ture litigation, domestic and international political conditions, potential     
disruption of shipping routes due to accidents and political events or acts by  
terrorists.                                                                     

Risks and uncertainties are further described in reports filed by TORM with the 
US Securities and Exchange Commission, including the TORM Annual Report on Form 
20-F and its reports on Form 6-K.                                               


Annual General Meeting of Directors and Shareholders of Aktieselskabet          
Dampskibsselskabet TORM, CVR No. 22 46 02 18 to be held on Tuesday, 17 April    
2006 at 10:00 hours at Radisson SAS Falconer, Falconer Allé 9, 2000             
Frederiksberg:                                                                  


Complete Proposals                                                              

                                     *****                                      

Directors' report on the activities of the Company in the past year.            


Presentation for adoption of the annual report.                                 


The Board of Directors' proposal for the appropriation of profits or provision  
for losses in accordance with the adopted annual report.                        

The Board of Directors proposes that out of the net profit of USD 234.5 million 
an amount of USD 73.9 million is paid in dividends, corresponding to DKK 11.50  
per share with a nominal value of DKK 10, while the remaining USD 160.6 million 
is proposed carried forward.                                                    


Election of members of the Board of Directors.                                  

Pursuant to article 11(3) of the Company's Articles of Association, Mr N.E.     
Nielsen, Mr Christian Frigast, Mr Gabriel Panayotides and Mr Ditlev Engel are up
for election to the Board of Directors.                                         

Reference is made to page 76 of the annual report with respect to the Board     
members' directorships in other companies.                                      


Appointment of auditor/auditors.                                                

The Board of Directors proposes re-election of Deloitte Statsautoriseret        
Revisionsaktieselskab                                                           


Proposals from the Board of Directors:                                          

a. 	The denomination of the company's shares will be changed from DKK 10.00 to  
DKK 5.00.                                                                       

	The proposal implies that ”DKK 10.00” is replaced by “DKK 5.00” in Articles    
2(1) (composition of the share capital) and 7(3) (voting rights) of the Articles
of Association.                                                                 

	Consequently Article 2(6) is amended to                                        

	”Until 1 April 2010 the Board of Directors shall be authorised to increase the 
share capital in one or more transactions by up to nominally DKK 10,000,000 in  
total, corresponding to 2,000,000 shares (currently 1,000,000), by cash payment 
of not less than DKK 5.25 (currently DKK 10.50) per share of DKK 5 (currently   
DKK 10) by subscription among the employees of the Company and/or of its        
subsidiaries, without the shareholders of the Company having any pre-emption    
rights. The other terms and conditions for the subscription will be determined  
by the Board of Directors. The new shares shall carry the same rights as the    
existing shares as set out in the Articles of Association of the Company,       
including that they shall be negotiable instruments, that they shall be issued  
to the holder but may be recorded in the Company's register of shareholders in  
the name of the holder, that they shall not be subject to redemption, that there
shall be no restrictions to the transferability of the new shares, and that the 
new shares shall not confer any special rights on their holders. The shares     
shall be subject to the applicable rules on taxation of employee shares.”       
	                                                                               
b.	Extension of the duration of the authorization for increase of the share     
capital, cf. Article 2(3) of the Articles of Association, so that it is being   
prolonged from 1 April 2011 to 1 April 2012.                                    

	The proposal implies that in Article 2(3) of the Articles of Association ”1    
April 2011” is replaced by ”1 April 2012”.                                      

	The proposal is, like in previous years, motivated by a wish for maintaining   
the extent of the authorization as regards duration compared to the             
circumstances prevailing when the authorization was adopted at the extraordinary
general meeting of the Company on 13 March 2002.                                

c.	Appointment of new keeper of the Company's Register of Shareholders by       
amending Article 3(3) in the Articles of Association to read:                   

	“The shares shall be issued to bearer, but may be entered in the Company's     
register of shareholders in the name of the holder. The Company has appointed VP
Investor Services A/S (VP Services A/S), Helgeshøj Allé 61, P.O. Box 20, DK-2630
Taastrup, keeper of the Company's Register of Shareholders for all shares issued
by the Company.”                                                                

d.	Authorization to the Board of Directors to let the Company acquire its own   
shares in the period until the next annual general meeting within 10 per cent of
the issued share capital at the market price prevailing at the time of          
acquisition subject to a deviation of up to 10 per cent.                        

e.	The Board of Directors be authorized to apply for registration of the        
resolutions passed and to make any such amendments thereto as may be required or
requested by the Danish Commerce and Companies Agency, the Copenhagen Stock     
Exchange A/S or any other public authority as a condition for registration or   
approval.                                                                       


Any other business and notices.                                                 


                                   * * * * *                                    

The general meeting is only legally competent to transact business when at least
1/3 of the share capital is represented, cf. Article 9(1) of the Articles of    
Association of the Company.                                                     

Approval or adoption of the proposals under items 2 - 5 and item 6 d - e        
requires simple majority, cf. Article 9(2) of the Articles of Association of the
Company.                                                                        

Approval or adoption of the proposals under item 6 a - c requires assent from at
least two-thirds of the votes cast as well as of the voting share capital       
represented at the general meeting, cf. Article 9(3) of the Articles of         
Association and Section 78 of the Danish Companies Act.

Attachments

no. 5 2007 - agenda for the agm.pdf