D/S Orion - name change and capital change due to merger


--------------------------------------------------------------------------------
|                                      |          Copenhagen, 21 December 2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Dampskibsselskabet Orion Aktieselskab - admittance to trading and official      
listing of new shares due the merger between Dampskibsselskabet Orion           
Aktieselskab and Shipholding Holding A/S and name change to Eitzen Bulk Shipping
A/S                                                                             

On the extraordinary general meeting on 21 December 2009 in Dampskibsselskabet  
Orion Aktieselskab the merger between Dampskibsselskabet Orion Aktieselskab and 
Shipholding Holding A/S was adopted. Dampskibsselskabet Orion Aktieselskab is   
the continuing company which due to the merger will change is name to Eitzen    
Bulk Shipping A/S.                                                              

As a consequence of the merger the share capital in Dampskibsselskabet Orion    
Aktieselskab under the new name Eitzen Bulk Shipping A/S will be increased by   
22,138,502 shares. The new shares will be admitted to trading and official      
listing with effect from 23 December 2009.                                      

For further information, please see announcements and the merger documents.     


--------------------------------------------------------------------------------
| ISIN:                               | DK0010246040                           |
--------------------------------------------------------------------------------
| Name:                               | D/S Orion                              |
--------------------------------------------------------------------------------
| New name:                           | Eitzen Bulk Shipping                   |
--------------------------------------------------------------------------------
| Volume before change:               | 2,500,000 shares (DKK 25,000,000)      |
--------------------------------------------------------------------------------
| Change:                             | 22,138,502 shares (DKK 221,385,020)    |
--------------------------------------------------------------------------------
| Volume after change:                | 24,638,502 shares (DKK 246,385,020)    |
--------------------------------------------------------------------------------
| Dividend:                           | Full for 2009                          |
--------------------------------------------------------------------------------
| Denomination:                       | DKK 10                                 |
--------------------------------------------------------------------------------
| Orderbook code::                    | ORION                                  |
--------------------------------------------------------------------------------
| Ny orderbook code:                  | EITZEN                                 |
--------------------------------------------------------------------------------
| Uændret orderbook ID:               | 3493                                   |
--------------------------------------------------------------------------------

For further information, please contact: Asta Jepsen, Surveillance, tel. +45 33 
93 33 66

Attachments

ds orion - fusion  nyt navn uk.pdf
GlobeNewswire