Concordia Maritime: Interim Report 1 January–30 September 2016

Regulatory News:

Concordia Maritime (STO:CCORB):

· Total income, Q3: SEK 215.3 (287.6) million, 9 months: SEK 759.7 (834.0) million

· EBITDA, Q3: SEK 50.9 (114.0) million, 9 months: SEK 211.4 (306.6) million

· Result before tax, Q3: SEK –22.4 (52.4) million, 9 months: SEK 23.4 (124.5) million

· Result per share after tax, Q3: SEK –0.22 (1.10) million, 9 months: SEK 0.74 (2.61)

Events in the third quarter

· Weak market due to seasonality and structural and geopolitical reasons.

· Reversal of previously recognised tax expense of SEK 11.9 million in Switzerland.

· Another quarter without a Lost Time Injury.

Events after the end of the third quarter

· Sale and leaseback agreement for IMOIIMAX tanker Stena Image signed in mid-October.

· Sale and leaseback agreement for suezmax tanker Stena Supreme. Transfer of ownership takes place at the end of November.

Key ratios

· Total income, SEK million 759.7 (834.0)

· EBITDA, SEK million 211.4 (306.6)

· EBITDA, USD million 25.2 (36.4)

· Operating result, SEK million 35.2 (152.0)

· Result after tax, SEK million 35.2 (124.5)

· Equity ratio, % 44 (43)

· Return on equity, % 5 (6)

· Available liquid funds, including unutilised credit facilities, SEK million 401.0 (362.5)

· Result per share after tax, SEK 0.74 (2.61)

· Equity per share, SEK 40.11 (38.27)

· Lost Time Injury 0 (0)

Distribution

For environmental reasons, we are only publishing our interim reports digitally. Concordia Maritime’s interim reports and additional financial information about the Company can be read or downloaded from our website www.concordiamaritime.com/en/investor-relations

Concordia Maritime is an international tanker shipping company. Our focus is on cost efficient and safe transportation of refined petroleum products and vegetable oils. The company’s B shares were admitted to trading on Nasdaq OMX Stockholm in 1984. www.concordiamaritime.com

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