Stock Exchange Release no. 42 Made public via OMX on 16 January 2009 Extraordinary general meeting Owing to the intense interest in the holding of a general meeting of Nordic Tankers and the many rumours and speculations fuelled by statements made by different parties, we hereby publish the correspondence concerning the case between the company, a group of shareholders and the Danish Commerce and Companies Agency. The management's endeavours to establish a dialogue with the Danish Commerce and Companies Agency concerning clarification of matters of dispute and a reasonable notice convening the general meeting have been in vain. The Danish Commerce and Companies Agency informed us that if the company had failed to call the general meeting by 12:00 noon on 15 January 2009, a general meeting would be convened by the Agency. The management finds the procedures of the Danish Commerce and Companies Agency to be in conflict with good administrative practice and contrary to what we would normally expect from legal staff who are experts in company law, the calling of general meetings and the duties of the chairman of the meeting. Since the Danish Commerce and Companies Agency is keeping the management out of the process, we will leave it to the Agency to convene the general meeting and in the meanwhile clarify the legal issues so as to determine how to proceed.