ScandiNotes® III - restructuring of bond issues - correction


On behalf of Mare Baltic PCC Limited, the issuer of the above notes, listed on
the OMX Copenhagen Stock Exchange, HSH Nordbank Copenhagen Branch, in its
capacity of Listing Agent to Mare Baltic PCC Limited would like to notify that
there is a smaller correction in the press release as of 26 September regarding
the restructuring of the bond issue. 

The Danish translation of the press release as of 26 September refers to the
wrong page numbers for the relevant Order of Priorities set out in the Trust
Deed and described in the Supplemental Prospectus. The correct pages should be
53-56. Additionally, there is a typing error where Class D is mentioned when
Class C is meant. 

A corrected version has been posted on www.scandinotes.com. This goes for the
Danish version only.