TransAtlantic appoints new Managing Director

TransAtlantic appoints new Managing Director

The Board of Directors in Rederi AB TransAtlantic has decided to appoint Henning
E. Jensen new Managing Director and CEO of TransAtlantic as from 31 December
2011

The Board of Directors in Rederi AB TransAtlantic has decided to appoint Henning
E. Jensen new Managing Director and CEO of TransAtlantic as from 31 December
2011.

Henning E. Jensen is since September 2011 Managing Director of Kistefos AS, a
Norwegian investment company active within shipping, offshore, finance,
technology and real estate. Kistefos AS is main shareholder in TransAtlantic.
Hennng E. Jensen has been Managing Director in RHI AG, listed at the stock
exchange in Austria, as well as held various senior positions in Tyco
Electronics (NYSE:TEL). Henning E. Jensen has also made an academic career as
professor in finance at the University of San Fransisco.

Henning E. Jensen will remain Managing Director for Kistefos AS during his
assignment in TransAtlantic, which expects to be completed when the split is
finalized in May 2011.

The present Managing Director Rolf Skaarberg is leaving his assignments in
Kistefos AS and TransAtlantic based on previous agreement after reaching
retirement age but has agreed to continue to support TransAtlantic up until the
separation has been finalised.

The Board of Directors would like to take the opportunity to express its
appreciation to Rolf Skaarberg for all his work for the company.

For further information, please contact Rolf Skaarberg,
+46 (0) 304 67 47 00.

Rederi AB TransAtlantic is a leading Swedish shipping company. Operations are
organised into two business areas; Offshore/Icebreaking and Industrial Shipping.
The Industrial Shipping business area consists of five divisions: RoRo Baltic,
Bulk, Short Sea Bulk, Container and Integrated Logistics. The fleet consists of
63 vessels and one anchor handling vessels on order scheduled to be delivered
2012. The company has about 950 employees. The sales for 2010 totalled SEK 3,600
million pro forma. The company’s B-shares are listed on the NASDAQ OMX
Stockholm, Small Cap segment.

TransAtlantic is obliged to make this information public according to the
Financial Markets Act and the Financial Instruments Trading Act (Sw: lagen om
värdepappersmarknaden and lagen om handel med finansiella instrument). The
information was submitted for publication on December 14, 2011 at 8.30 a.m.