TRANSATLANTIC: REPORT FROM 2009 ANNUAL GENERAL MEETING OF REDERI AB TRANSATLANTIC

At Transatlantic's Annual General Meeting, the proposed Board members
Håkan Larsson, Helena Levander, Christer Olsson, Folke Patriksson
(Chairman), Björn Rosengren and Lena Patriksson Keller were
re-elected to the Board. Jenny Lindén Urnes was elected new member of
the Board.
As previously, Christer Lindgren represents SEKO seafarers union on
the Board of Directors.

As proposed, the Meeting  resolved to pay a  dividend of SEK 250  per
share to shareholders with April 28, 2009 as the record day.


Address by the President and CEO

Fiscal 2008 was one of the best years ever for Transatlantic.  Return
on capital  employed  amounted to  12%  and return  on  shareholders'
equity to 20%.  The equity/assets ratio  at the end  of the year  was
42%. Cash and cash equivalents at  the closing date increased by  SEK
181 M  during  2008  to SEK  967  M.  All key  ratios  surpassed  the
long-term financial objectives set by the Board of Directors.

The Offshore/Icebreaking business area was the primary contributor to
Transatlantic's healthy results.  The spot market  in the North  Sea,
where the business area conducts  a large portion of its  operations,
offered exceptionally high levels of  both demand volumes and  rates.
The  Industrial  Shipping  business  area  also  reported  relatively
healthy profitability.

- "Shipping is the industry of the future," says Transatlantic's  CEO
Anders Källström.

Shipping accounts for  90% of global  trade and 40%  of trade  within
Europe and all  indications point  to demand  for sea  transportation
remaining high  as soon  as the  economic turmoil  has subsided.  The
trend  in  Offshore  will  be  very  attractive  as  oil   extraction
successively begins to  shift its  focus from  the North  Sea to  the
Arctic.

However, 2009 and  2010 will be  difficult years economically.  Since
significant numbers of goods and  product owners have lost more  than
half of  their  volumes,  the  chartering  of  vessels  belonging  to
Transatlantic and other shipping  companies has inevitably  declined.
Three of Transatlantic's vessels are laid up. Thus, the first quarter
ended with an after-tax  loss of SEK 53  M (profit: 88), including  a
retroactive property tax provision of SEK 12 M.

- "So as not to lose too  much financial power prior to the  economic
upswing  that  we  are  now  awaiting,  we  will  be  implementing  a
comprehensive savings and restructuring program. In addition, we will
be expanding  our market  organization  and making  preparations  for
additional  orders  for  new   shipbuilding,"  comments  CEO   Anders
Källström.


For more information, please contact CEO Anders Källström, tel: +46
(0)304 - 67 47 00