Interim Report 1 January - 30 September 2011

| Source: Concordia Maritime AB Concordia Maritime AB 

Interim Report 1 January - 30 September 2011

Net sales: SEK 421.6 (367.9) million
Result after tax SEK 58.9 (61.5) million
Result per share after tax: SEK 1.23 (1.29)
EBITDA USD 28.3 (22.2) million
Available liquid funds (including unutilised credit facilities) SEK
668.1 (653.0) million

Two P-MAX vessels were employed in the open market in the third quarter.
All other vessels are still employed on contracts.

Good availability of liquid funds, SEK 668.1 (653.0) million.

Unchanged forecast for 2011: result before tax of USD 10-13 million,
(approx. SEK 65-85 million), depending on how the open market develops
in 2011.

Hans Norén President Mobile 46 704 855101
Göran Hermansson, CFO Mobile 46 704 855046

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