TransAtlantic loss figures trigger immediate execution on cost reduction plan within Industrial Shipping

TransAtlantic is today releasing their Q1-report 2012 with a negative result
that is worse than expected. This is the fourteenth quarter in a row with loss
figures and a trend the company now will turn by executing on an ambitious cost
reduction plan.

TransAtlantic’s business area Industrial Shipping recently announced an
organization review (April 16, 2012) which is now done, followed up by a number
of strategic and operational actions that will immediately be taken. Among the
initiatives are;

  · Consolidation of offices

–        expansion of operations in Gothenburg
–        reduced offices in Stockholm and Västerås

  · Implementation of a stronger sales organization with more focus on customers

  · Bunker savings by

–        changing purchase routines
–        optimizing operation of ships
–        optimizing maintenance of our ships

The company will also

  · adjust ship capacity to current volumes
  · reduce time charter costs on non owned fleet
  · reduce crew costs and review crew policy

-          This will affect the whole organization, says Kim Sörensen, CEO at
Industrial Shipping. We have financially strong majority owners, but it is
necessary for us to turn the negative trend and do everything we can to become
profitable again.

-          We have identified more than SEK 80 M saving this year, which will be
complemented by increased sales activities with more time and focus on customers
and customer value, continues Kim Sörensen. We have now split Sales from
Operations to ensure more focus in each function. The objective is to have a
more cost effective organisation and operation while we simultaneously
strengthen the part of our organisation who will only think customers and
customer value.

-          We have excellent competence in the company and I am convinced that
our commitment will be one of the key attributes when turning these challenges
into opportunities, going for profitability, says Kim Sörensen.

Industrial Shipping has about 450 employees including 130 Swedish seafarers. The
fleet comprises 48 vessels and among these, TransAtlantic operates eight dry
cargo vessels under Swedish flag.

The initiatives and changes are expected to have full effect from September 1,
2012.

Telephone conference
In conjunction with the TransAtlantic Q1-report, a telephone conference will be
held today, May 15, at 03.00 pm (GMT +1) where also Kim Sörensen will further
present the cost reduction plan. Investors, press and analytics are welcome to
join the conference.

Please dial: 0047 2350 0486, code 9969741 (dial in 5-10 mins prior to start)

The telephone conference will be held in English.

Please dial in 5-10 minutes prior to start.

For further information, please contact Head of Corporate Communications,

 Carina Dietmann, ph +46 31 763 2334

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 fleet
consists of 62 vessels and the company has about 950 employees. The turnover in
2011 was MSEK 2,989. The Industrial Shipping business area consists of five
divisions: Bulk, Container, RoRo Baltic, Short Sea Bulk and Integrated
Logistics. 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 May 15, 2012 at 08.30 am.