The board of TransAtlantic resolves on terms for the new share issue

This press release may not be made public, published or distributed, directly or
indirectly, in or into the United States, Australia, Japan, Canada or in any
other jurisdiction, where such action is subject in full or in part to legal
restrictions.
Summary

  ·
Shareholders in Rederi AB TransAtlantic (publ) (”TransAtlantic” or the
”Company”) will have preferential right to subscribe for one (1) new A-share and
B-share respectively, for every five (5) existing A-shares and B-shares
respectively

  ·
The Company’s share capital shall be increased by not more than approximately
SEK 29.6 million to approximately SEK 177.4 million through the issuance of
approximately 29.6 million new shares

  ·
The subscription price is SEK 5.00 per share, corresponding to total rights
issue proceeds of no more than approximately SEK 147.9 million before
transaction costs

  ·
The subscription period will run from and including 9 May up to and including 27
May 2014

  ·
The rights issue is fully covered through a subscription and guarantee
undertaking, by the Company’s main shareholder Kistefos AS (through the wholly
-owned subsidiary Viking Invest AS) (”Kistefos”)

  ·
The rights issue is subject to approval by the Annual General Meeting (“AGM”),
which will be held on 23 April 2014

The rights issue
On 20 March 2014, TransAtlantic announced that the Board of Directors has
resolved on a new share issue of no more than approximately SEK 150 million
before transaction costs for the purpose of financing arising costs associated
with imminent restructuring measures. These restructuring measures include the
closure of the TransPal line, where the offices in Hull (UK) and Szczecin
(Poland) are being sold, the renegotiation of the bareboat obligations and
restructuring costs associated with downsizing the organisation. It cannot be
excluded that further restructuring measures, which are currently not scheduled,
may be implemented.

Each A-share held on the record date entitles one (1) subscription right of
series A, and each B-share held on the record date entitles one (1) subscription
right of series B. The subscription rights allow the shareholder a primary
preferential right to subscribe for new shares, where five (5) subscription
rights of series A and series B respectively, give the right to subscribe for
one (1) new A-share and B-share respectively. New shares not subscribed for on
the basis of primary preferential rights will be offered for subscription to all
shareholders (subsidiary preferential right). Subscription of new shares without
the support of primary or subsidiary preferential right will not be possible.
Shares not subscribed for on the basis of primary or subsidiary preferential
right shall be allotted to Kistefos as issue guarantor.

The Company’s share capital shall be increased by no more than SEK 29,574,052 to
SEK 177,444,318 through the issuance of a maximum of 1,939,157 shares of series
A and a maximum of 27,634,895 shares of series B. The subscription price is SEK
5.00 per share, corresponding to total rights issue proceeds of no more than SEK
147,870,260 before transaction costs.

The rights issue is subject to approval by an AGM, which will be held in
Gothenburg on 23 April 2014, at 16.00 noon (CET). The notice to the AGM was made
public on 20 March 2014 and is available on TransAtlantic’s website,
www.rabt.se. The record date at Euroclear Sweden AB for entitlement to
subscription rights is 7 May 2014. The subscription period runs from 9 May up to
and including 26 May 2014, or a later date to be decided by the board of
directors.

Subscription and guarantee undertakings
The Company’s largest shareholder Kistefos, holding (on 16 April 2014)
approximately 65.2 per cent of the capital and approximately 59.9 per cent of
the votes in TransAtlantic, has undertaken to subscribe for shares in the rights
issue corresponding to their pro rata share holding (the “Subscription
Undertaking”). In addition, Kistefos has guaranteed the remaining part of the
rights issue, i.e. undertaken to subscribe for any shares that other
shareholders do not subscribe for with primary or subsidiary preferential
rights, corresponding to approximately 34.8 per cent of the rights issue (the
“Guarantee Undertaking”). Consequently, the rights issue is fully covered.
Guarantee commission of SEK 0.8 million will be paid, corresponding to 1.5 per
cent of Kistefos’ maximum guaranteed amount.

If the rights issue is not fully subscribed for, Kistefos will, due to
fulfilment of the Subscription and Guarantee Undertaking, increase its share of
the capital and votes in the Company. The maximum share of capital and votes
that Kistefos may reach following the rights issue is 71.0 per cent of the
capital and 66.6 per cent of the votes.

Preliminary timetable for the rights issue

23      The AGM resolves on approval of the Board of Directors’ rights issue
April   resolution
2 May   Last day of trading in TransAtlantic share including subscription right
5 May   Estimated date for publication of the prospectus
7 May   Record date for allotment of subscription rights, i.e. shareholderswho
        are registered in the Company’s share register as of this daywill
        receive subscription rights for participation in the rightsissue
9-22    Trading in subscription rights
May
9-27    Subscription period (subscription through payment)
May
2 June  Estimated date for announcement of the outcome

Financial and legal advisors
Swedbank Corporate Finance is acting as financial advisors and Mannheimer
Swartling Advokatbyrå is acting as legal advisor to TransAtlantic in conjunction
with the rights issue.

Investor Relations
Tomas Bergendahl, CFO, phone: 031-763 23 78, tomas.bergendahl@rabt.se

Important information
The information in this press release does not contain or constitute an offer to
acquire, subscribe or otherwise trade in shares, subscription rights or other
securities in Rederi AB TransAtlantic (publ). Any invitation to the persons
concerned to subscribe for shares in TransAtlantic will only be made through the
prospectus that TransAtlantic estimates to publish on or about 5 May 2014.

This press release may not be published or distributed, directly or indirectly
in or into the United States, Australia, Japan, Canada or any other jurisdiction
where such action is wholly or partially subject to legal restrictions or where
such action would require additional prospectuses, registrations or other
actions in addition to what follows from Swedish law. Nor may the information in
this press release be forwarded, reproduced or disclosed in such a manner that
contravenes such restrictions or would require such requirements. Failure to
comply with this instruction may result in a violation of applicable securities
laws.

No subscription rights, BTAs (interim shares) or new shares will be registered
under the United States Securities Act of 1933 (“Securities Act”) or securities
legislation in any other state or other jurisdiction in the United States and
may not be offered, subscribed, sold or transferred, directly or indirectly
within the United States, other than pursuant to an exemption from the
registration requirements of the Securities Act and in accordance with
securities laws in relevant state or other jurisdiction in the United States.

This press release may contain forward-looking statements which reflect
TransAtlantic’s current view on future events and financial and operational
development. Words such as “intend”, “expect”, “anticipate”, “may”, “believe”,
“plan”, “estimate” and other expressions which imply indications or predictions
of future development or trends, and which are not based on historical facts,
are intended to identify forward-looking statements. Forward-looking statements
inherently involve both known and unknown risks and uncertainties because they
depend on future events and circumstances. Forward-looking statements do not
guarantee future results or development and the real outcome could differ
materially from the forward-looking statements.



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
company has about 850 employees and the turnover in 2013 was MSEK 2 925. The
Industrial Shipping business area consists of three divisions: Container, RoRo
and Bulk. 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 April 17, 2014 at 08:30 am.

Rederi AB TransAtlantic (publ)
P O Box 8809, 402 71 Gothenburg, Sweden, ph +46 31-763 23 00
Org nr 556161-0113, www.rabt.se