Interim Report 1 January-30 June 2011

Interim Report 1 January-30 June 2011

Business operations proceeding according to plan. Three ships were taken
in for scheduled drydock in the second quarter.
The tenth P-MAX tanker was delivered during the second quarter. The
newbuilding program now consists of one suezmax tanker.
Continuing good availability of liquid funds, SEK 636.6 (709.7) million.
Forecast for 2011: result before tax of USD 10-13 million, approx. SEK
65-85 million, depending on how the open market develops in 2011.

Net sales, SEK 276.1 (240.0) million

Result after tax, SEK 38.8 (43.8) million

Result per share, SEK 0.81 (0.92)

EBITDA, USD 17.4 (14.8) million

Available liquid funds1), SEK 636.6 (709.7) million

1)Including unutilized credit facilities