Viking Supply Ships awarded term contract by Chevron Canada Ltd

Viking Supply Ships, one of TransAtlantic’s two business areas, has with the
AHTS-vessel Magne Viking been awarded a term contract by Chevron Canada Ltd for
operations on one well. The contract is on subject and is not yet fully signed
by the parties. The well support operations are estimated to last between 150
and 180 days and the charter will commence during the third quarter 2012. The
vessel is going to support the drill ship Stena Carron with supply duties,
anchor handling, towing, stand-by and rescue services, passenger movement and
ice berg management.

Magne Viking is especially designed for subarctic operations and harsh weather
conditions. The crew on board is especially trained for working in cold
environments and has extensive experience from iceberg management from
Greenland. The vessel is ice classed, which is a requirement for operating in
Canadian waters, and will be upgraded to a full stand-by class in accordance
with Canadian regulations. Magne Viking is furthermore equipped with de-icing
systems, fire-fighting, oil recovery, large accommodation and safe deck
handling.

The total contract value is estimated at about CAD 11.1 million.

For further information, please contact CEO Viking Supply Ships, Christian W
Berg, ph: +45 41 77 8380.

Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters
in Gothenburg, Sweden and additional offices in Europe. The company is organized
into two business areas: Industrial Shipping and Viking Supply Ships. The fleet
consists of 62 vessels and the company has about 950 employees. The turnover in
2011 was MSEK 2,989. The Industrial Shipping business area consists of five
divisions: Bulk, Container, RoRo Baltic, Short Sea Bulk and Integrated
Logistics. The company’s B-shares are listed on the NASDAQ OMX Stockholm, Small
Cap segment. www.rabt.se

TransAtlantic is obliged to make this information public according to the
Financial Markets Act and/or the Financial Instruments Trading Act (Sw: lagen om
värdepappersmarknaden and lagen om handel med finansiella instrument). The
information was submitted for publication on May 21, 2012 at 03.00 pm.