TRANSATLANTIC ISSUES NOTICE OF TERMINATION

On Thursday, April 23, 2009, Rederi AB Transatlantic presented the
year's first interim report. The first quarter ended with a loss
after taxes of SEK 44 M (profit: 81) for the continuing operations.
For the Group a loss after tax of SEK 50 M (74) was reported. The
loss is essentially entirely due to a decline in business activity
among our customers. Since there is a tangible risk that the economy
will remain poor during the remainder of 2009 and parts of 2010,
Transatlantic must adjust its expenses to the lower level of income.

Some  of  Transatlantic's  customers  are  encountering   significant
financial  difficulties.  One  example  is  a  major  Canadian  paper
producer that has obtained an order from the Quebec Superior Court in
Canada for creditor protection.

- "Although we  have  ensured  that  we  do  not  have  any  accounts
receivable from this customer, there is naturally a risk that we will
lose cargo  volume from  divisions of  the company  that may  not  be
rescued," says  Anders Källström,  President of  Transatlantic, in  a
statement.

Since December, the  company has  been conducting  an action  program
that is expected to generate a positive impact on earnings of SEK  40
M annually, through the laying-up of three vessels.

- "This  is  not  enough.  Accordingly,  it  is  necessary  to   take
additional actions to  adjust our  expenses to the  situation in  the
market," says the company's President, Anders Källström.

Anders Källström has thus informed  the staff that Transatlantic  has
summoned the trade unions  to codetermination negotiations  regarding
the termination of 60 positions.  These negotiations are expected  to
be completed before the summer vacation.

For further comments, contact President Anders Källström at +46 (0)
304-67 47 00