Release from the Annual General Meeting of Rederi AB TransAtlantic

Release from the Annual General Meeting of Rederi AB TransAtlantic

At the Annual General Meeting of Rederi AB TransAtlantic on May 3, 2011,
it was resolved, in accordance with the proposal from the Board of
Directors and the President, that no dividend will be paid to
shareholders; instead, all profits at the disposal of the Annual General
Meeting will be carried forward to next year.

The income statements and balance sheets for the Group and Parent
Company were adopted. The Board of Directors and the President were
discharged from liability for the 2010 financial year.
Christen Sveaas, Åge Korsvold, Håkan Larsson, Christer Olsson, Folke
Patriksson and Magnus Sonnorp were re-elected as Board members of
TransAtlantic.  
Christen Sveaas was re-elected as Chairman of the Board and Folke
Patriksson was re-elected as Deputy Chairman.
As earlier, Christer Lindgren represents the SEKO Seafarers trade union
on the Board.
Fees to Board members were established at the same level as 2010, to be
distributed among members as follows; the Chairman of the Board will
receive SEK 400,000 and SEK 200,000 will be paid to each remaining Board
member.
New guidelines for remuneration of senior executives were adopted in
accordance with the Board's proposal.
 

Rederi AB TransAtlantic is a leading Swedish shipping company. The
operation is divided into two business areas; Offshore/Icebreaking and
Industrial Shipping. The vessel fleet comprises 35 vessels and two
anchor-handling vessels on order, with scheduled delivery in 2011/2012,
as well as vessels chartered for shorter periods. 
The company has approximately 750 employees. The share is listed on
NASDAQ OMX Stockholm, Small Cap segment.