Exemption From the Obligation to Submit a Takeover Offer to the Shareholders in TORM A/S

Exemption From the Obligation to Submit a Takeover Offer to the Shareholders

COPENHAGEN, Denmark, Dec. 3, 2012 (GLOBE NEWSWIRE) -- With reference to
announcement no. 31 dated 2 October 2012 and announcement no. 32 dated 5
November 2012, the banks and certain time charter-in partners participating in
the restructuring of TORM have requested the Danish Financial Supervisory
Authority (DFSA) to issue an exemption from the Danish mandatory takeover
rules in line with the positive non-binding statement received earlier from
the DFSA.

TORM has today received notification that the DFSA has issued an exemption
from the obligation to submit a takeover offer to the shareholders in TORM

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

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 110 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 www.torm.com. 

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.