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Annual General Meeting In TORM A/S On 28 April 2010

COPENHAGEN, Denmark, April 28, 2010 (GLOBE NEWSWIRE) --



  ----------------------------------------------------------------------- 
                                                           28. april 2010

              ANNOUNCEMENT NO. 5 - 2010

              Annual General Meeting in TORM A/S on 28 April 2010

              At the Annual General Meeting the following took place:
              The Annual Report 2009 was approved, cf. the item 2 of the
              agenda.

              The proposal that the result for the year be carried forward
              was approved, cf. item 3 of the agenda.

              Nicos Zouvelos was re-elected as board member for a 4-year
              period, cf. item 4 of the agenda.

              Deloitte Statsautoriseret Revisionsaktieselskab was
              re-appointed as the Company's auditor, cf. item 5 of the
              agenda.
          
              The Board of Directors' proposal to amend the Articles of
              Association, primarily as a consequence of the new Danish
              Companies Act, was approved, cf. items 6a - 6b and items 
              6d - 6o of the agenda.

              The Board of Directors' proposal that it be authorised to
              issue convertible debt instruments for a total amount of up
              to DKK 700,000,000 and to effect the capital increase
              relating thereto by up to a total nominal amount of DKK
              50,000,000 new shares by the inclusion of a new Article 2.6
              in the Articles of Association was approved, cf. item 6c of
              the agenda.

              The Board of Directors' proposal to renew its authorisation
              to let the company acquire own shares in the period until 
              the next ordinary general meeting within 10 per cent of the
              issued share capital was approved, cf. item 6p of the 
              agenda.
          
              The Board of Directors' proposal that it be authorised to
              apply for registration with the Danish Commerce and 
              Companies Agency, the Danish Financial Supervisory 
              Authority, NASDAQ OMX Copenhagen A/S or any other public 
              authority was approved, cf. item 6q of the agenda.

              At a Board meeting held immediately after the Annual General
              Meeting, the Board of Directors appointed Mr N. E. Nielsen
              Chairman and Mr Christian Frigast Deputy Chairman.

              Accordingly, the Board of Directors is composed as follows:
              N. E. Nielsen (Chairman)
              Christian Frigast (Deputy Chairman)
              Bo Jagd
              Jesper Jarlbaek
              Stefanos-Niko Zouvelos (Nicos Zouvelos)
              Gavriil Panayotides (Gabriel Panayotides)
              Angelos Papoulias
              Niels Peter Abildgaard Nielsen (elected by the employees)
              Lennart Arnold Johan Arrias (elected by the employees)
              Margrethe Bligaard (elected by the employees)
   
  -----------------------------------------------------------------------

  About       TORM is one of the world's leading carriers of refined oil
  TORM        products as well as a significant participant in the dry 
              bulk market. The Company runs a fleet of approximately 140  
              modern vessels, principally through a pooling cooperation 
              with other respected shipping companies who share TORM's 
              commitment to safety, environmental responsibility and 
              customer service.

              TORM was founded in 1889. The Company conducts business 
              worldwide and is headquartered in Copenhagen, Denmark.  
              TORM's shares are listed on the NASDAQ OMX Copenhagen  
              (Copenhagen:TORM) and on NASDAQ in New York (Nasdaq:TRMD). 
              For further information, please visit www.torm.com.

  -----------------------------------------------------------------------

  Safe        Matters discussed in this release may constitute forward-
  Harbor      looking statements. Forward-looking statements reflect our  
  Forward     current views with respect to future events and financial  
  Looking     performance and may include statements concerning plans, 
  Statements  objectives, goals, strategies, future events or 
              performance, and underlying assumptions and other 
              statements, which are other than statements of historical 
              facts. The forward-looking statements in this release are  
              based upon various assumptions, many of which are based, in 
              turn, upon further assumptions, including without 
              limitation, Management's examination of historical operating
              trends, data contained in our records and other data 
              available from third parties. Although TORM believes that 
              these assumptions were reasonable when made, because these 
              assumptions are inherently subject to significant 
              uncertainties and contingencies which are difficult or 
              impossible to predict and are beyond our
              control, TORM cannot assure you that it will achieve or
              accomplish these expectations, beliefs or projections.
              Important factors that, in our view, could cause actual  
              results to differ materially from those discussed in the 
              forward looking statements include the strength of world 
              economies and currencies, changes in charter hire rates 
              and vessel values, changes in demand for "tonne miles" of
              oil carried by oil tankers, the effect of changes in 
              OPEC's petroleum production levels and worldwide oil 
              consumption and storage, changes in demand that may affect 
              attitudes of time charterers to scheduled and unscheduled 
              dry-docking, changes in TORM's operating expenses, 
              including bunker prices, dry-docking and insurance costs, 
              changes in governmental rules and regulations including
              requirements for double hull tankers or actions taken by
              regulatory authorities, potential liability from pending or
              future litigation, domestic and international political
              conditions, potential disruption of shipping routes due to
              accidents and political events or acts by terrorists. Risks 
              and uncertainties are further described in reports filed by 
              TORM with the US Securities and Exchange Commission, 
              including the TORM Annual Report on Form 20-F and its 
              reports on Form 6-K. Forward looking statements are based 
              on management's current evaluation, and TORM is only under 
              obligation to update and change the listed expectations to 
              the extent required by law.
 ------------------------------------------------------------------------
CONTACT:  TORM A/S
          N. E. Nielsen, Chairman of the Board
          +45 72 27 00 00

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