New Supervisory Board of Nordic Tankers A/S


Stock Exchange Release no. 45
Made public via OMX on 3 February 2009

New Supervisory Board of Nordic Tankers A/S

On 2 February 2009, Nordic Tankers A/S held an extraordinary general meeting at
Radisson SAS Falconer Centre, Falkoner Allé 9, DK-2000 Frederiksberg. 

The complete minutes of the general meeting, approved by the chairman of the
meeting, will be made public as soon as possible. 
 
Attorney with the Legal Adviser to the Danish Government Thorbjørn Sofsrud
addressed a few words of welcome to the shareholders and stated that, in
accordance with section 72(2) of the Danish Companies Act, the Danish Financial
Supervisory Authority had appointed him as chairman of the meeting. 
 
The chairman of the meeting declared that the extraordinary general meeting had
been duly convened and formed a quorum for the consideration of the item on the
agenda. 
 
The chairman of the meeting read the agenda for the extraordinary general
meeting: 
 
Election of a Supervisory Board of Nordic Tankers A/S.
 
The existing Supervisory Board resigns and the following candidates are elected
as a group to the new Supervisory Board: 
 
•Klaus Kjærulff - CEO of D/S Torm A/S until September 2008
•Jens Fehrn-Christensen - CFO of D/S Norden A/S until mid-2007
•Mogens Buschard - Chairman of the Supervisory Board of Nordic Tankers A/S
until March  2008 
•Flemming Krusell Sørensen - Managing Director of Nordic Tankers A/S until July
2008 
•Sven Rosenmeyer Paulsen - Partner at Kromann Reumert law firm until 2007
•Jesper Tullin - CEO of Finansgruppen A/S

The Chairman of the meeting informed the shareholders that the Supervisory and
Management Boards had announced their resignation in a stock market release
earlier that day. 
 
On behalf of the candidates, Klaus Kjærulff stated the reasons for submitting
the proposal and said that the new Supervisory Board would assess different
alternatives to the short-term strategy, e.g. to continue the operation of the
company, to merge with another shipping company, to stabilise the group of
shareholders, etc. He also stated that the new Supervisory Board would prepare
a strategic business plan for the company to be presented at the annual general
meeting. Klaus Kjærulff denied recent rumours that he was going to develop the
company into a new ”Torm”. He declared that personally he neither could nor
would have his name associated with a new strategy that would bring the company
into competition with Torm, including seek to hire former colleagues. 
 
The above proposal was approved by the extraordinary general meeting.
 
At the subsequent board meeting, the new Supervisory Board elected Klaus
Kjærulff as Chairman and Flemming Krusell Sørensen as Deputy Chairman. 

For further information 
Chairman of the Supervisory Board Klaus Kjærulff, tel.: +45 40 10 81 11