Change of Management

Concordia Maritime´s president since ten years, Hans Norén, leaves the company
at the end of the year.
Hans Norén comments:
“After ten years as president and 18 years in total with the company, the board
and I have agreed that year end 2013 will be a good time for a change on this
position.”

The Chairman of the Board, Carl-Johan Hagman comments:
“Under the leadership of Hans Norén, Concordia Maritime has developed into a
modern and high quality product tanker company with a long term industrial
strategy. The company has also successfully bridged a very weak period in the
tanker market during the recent years.

Concordia Maritime continues to focus on being a preferred supplier of cost
efficient and safe tanker transportation”

Recruitment of a successor has started.

Carl-Johan Hagman                                        Hans Norén

Chairman of the Board                                   President
Hans Norén, President, +46 704 855101