TORM Changes ADS Ratio

TORM Changes ADS Ratio

COPENHAGEN, Denmark, Nov. 20, 2012 (GLOBE NEWSWIRE) -- With reference to
announcement no. 1 dated 4 January 2012 and announcement no. 28 dated 27 June
2012, TORM's American Depository Shares (ADS) are not in compliance with the
minimum bid price of USD 1.00 per share set by the NASDAQ Stock Market LLC

TORM will ensure continued compliance with the NASDAQ rules by changing the
ratio of its American Depository Shares to its Common Shares from 1:1 to 1:10.
The fractional shares will be settled cash in lieu. The ratio change is
expected to be effectuated by the end of November 2012.

The Company's ADS will continue to trade on the NASDAQ Capital Market under
the symbol "TRMD".

Contact TORM A/S                                
Jacob Meldgaard, CEO, tel.: +45 3917 9200       Tuborg Havnevej 18
Roland M. Andersen, CFO, tel.: +45 3917 9200    DK-2900 Hellerup, Denmark
C. Søgaard-Christensen, IR, tel.: +45 3076 1288 Tel.: +45 3917 9200 / Fax: +45
                                                3917 9393

About TORM

TORM is one of the world's leading carriers of refined oil products as well as
a significant player in the dry bulk market. The Company operates a fleet of
approximately 120 modern vessels in cooperation with other respected shipping
companies sharing 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 NASDAQ OMX Copenhagen (ticker: TORM) and on NASDAQ in New York
(ticker: TRMD). For further information, please visit

Safe Harbor statements as to the future

Matters discussed in this release may constitute forward-looking statements
and may be more detailed than regular practice. Forward-looking statements
reflect our current views with respect to future events and financial
performance and may include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and
statements 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
guarantee that it will achieve or accomplish these expectations, beliefs or

Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward- looking statements include the
conclusion of definitive waiver documents with our lenders, the strength of
the world economy 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 the regulation of shipping operations, 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 an obligation to update and change the listed expectations
to the extent required by law.
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