Rederi AB TransAtlantic continues restructuring program and strengthens funding

As previously announced, Rederi AB TransAtlantic (RABT) has initiated a
significant restructuring and strategic positioning program in order to return
its Industrial Shipping Division (IS) to sustainable profitability. We are
pleased to announce further progress in this restructuring program:

  · ABT IS has finalized a migration and subsequent closure of its taxlease
structures in the UK. This has lead to freeing up liquidity tied up in these
structures as well as a transfer of a financial asset formerly owned by these
tax lease structures. This financial asset is planned sold in Q3.

  · RABT IS has finalized local negotiations in accordance with the Swedish act
on co-determination in the workplace, in order to shrink IS’ expense structure
by reducing headcount by 30 employees. Consequently, the offices in Västerås and
Stockholm, Sweden, will be closed and part of the administration in Hull,
England, is planned to be moved to IS’ headquarters in Gothenburg, Sweden.

  · RABT IS is near completion of a divestment of a port facility. This is
considered a non-core operation for the group and the sale will allow IS to
concentrate further activities on strategic hubs.

  · As part of the strategy to strengthen IS’ commercial activities we are
expanding by creating 19 new positions within the commercial department. This
will increase IS’ competitiveness and ability to serve new and existing
customers.

  · In order to optimize IS’ fleet structure, we are in the process of entering
into a sales agreement for one of the vessels. This enables us to better align
fleet capabilities and capacities with ship needs.

We are pleased to report this progress in our efforts to improve IS’
performance. We still have a long way to go, and these steps demonstrate IS’
ability to execute on its restructuring and strategy programs.

The overall effect on the P&L of the above actions, coupled with some charges
related to these actions, is estimated to be somewhat negative for the second
quarter of 2013. From a cash flow standpoint, the combined positive cash flow
effect of the above described transactions is about SEK 52 million in Q2, 2013
and approximately SEK 40 million in Q3. This is a significant liquidity
improvement in addition to the newly completed bond issue (SEK 140 million) and
insures RABT sufficient liquidity through the planned execution period of the
restructuring and strategy programs.

For further information, please contact:

Chief Financial Officer Erik Hansen, ph: +46 766 472612, erik.hansen(at)rabt.se

or

Head of Corporate Communications Carina Dietmann, ph: +46 766 472734,
carina.dietmann(at)rabt.se

Rederi AB TransAtlantic (RABT) is a leading Swedish shipping company with
headquarters in Gothenburg, Sweden and additional offices in Europe. The company
is organized into two business areas: Viking Supply Ships and Industrial
Shipping. Viking Supply Ships, operating within offshore and icebreaking, is
also a wholly owned subsidiary of RABT. The Industrial Shipping business area
consists of three divisions: Bulk, Container and RoRo. The Group has about 800
employees and the turnover in 2012 was MSEK 3,274. 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 July 1, 2013 at 02.00 pm.