Broström in joint acquisition of two modern product tanker vessels

Broström in joint acquisition of two modern product tanker vessels

Broström and its partner Erik Thun has entered into agreements to acquire the
two 7,100 dwt chemical and oil product tankers MARISP and MARELD, built 2003 and
2004 respectively. Both vessels have been commercially operated by Broström for
over two years under the ownership of Rederi AB Väderötank. Broström and Erik
Thun will own 50 % in each vessel.

One particular segment in Broström's logistics services is smaller (5 - 10 kdwt)
product tankers operating in North European waters. The present fleet contains
12 such vessels. Two of these vessels are the MARISP and the MARELD that has now
been acquired. In addition to the existing fleet there are another two
newbuildings ordered in a joint venture with Erik Thun, bringing the total
number of vessels in the segment up to 14 within the next two years.
The MARISP and the MARELD were built in 2003 and 2004 respectively in Turkey.
The vessels have a loading capacity of 7,100 dwt, a cubic of about 7,700 cbm and
8,000 cbm respectively and are equipped with heating coils which enables
transportation of heavy fuel oil. The delivery of the vessels is going to take
place during the period mid August to mid September.

“By these acquisitions Broström expands its investments in an important market
segment where we see increased demand for our services under Contracts of
Affreightment”, says Lennart Simonsson, CEO of Broström.

Göteborg, 9 May 2007

BROSTRÖM AB (publ)

Reference: Lennart Simonsson, CEO of Broström, Tel +46 31 61 61 00


Broström is one of the leading logistics companies for the oil and chemical
industry, focusing on industrial product and chemical tanker shipping and marine
services. Broström is based worldwide, with head offices in Göteborg, Sweden.