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