Shareholders' Meeting Release Rederi AB TransAtlantic

At  an Extraordinary  General Meeting  of Rederi  AB TransAtlantic  on September
22, 2010, the  Meeting approved a new share issue with payment through a capital
contribution  in kind. The decision means  that the Company's share capital will
increase  by SEK 277,256,760 and that  the number of shares  in the Company will
increase   by   1,817,961 Series   A  shares  and  25,907,715 Series  B  shares.
Furthermore,  the Meeting resolved on a reduction of the share capital through a
cancellation  of treasury shares and on changes  to the Board of Directors. As a
result  of the resolutions  of the Extraordinary  General Meeting, all terms for
TransAtlantic's  previously announced acquisition of Trans Viking are fulfilled,
and the transaction will be completed.

Following   today's   resolutions   by   the   Extraordinary   General  Meeting,
TransAtlantic  will  become  the  100-percent owner  of  Trans Viking, the joint
venture  company within  the Offshore/Icebreaking  business area  owned in equal
shares  by  Rederi  AB  TransAtlantic  and  Norway's  Kistefos  AS  through  its
subsidiary  Viking Supply Ships AS. TransAtlantic will acquire all the shares in
Trans  Viking owned  by Viking  Supply Ships  AS against  payment in the form of
newly  issued shares in TransAtlantic. The right to subscribe for the new shares
in  TransAtlantic will thus accrue to Viking Supply Ships AS (through the wholly
owned subsidiaries Odin Viking AS and Odin Viking 2 AS). The decision means that
Viking Supply AS, after the appropriate registration, will hold about 50% of the
voting  rights and 50% of the shares in TransAtlantic. The newly issued Series B
shares are expected to be available for trading on or around September 27, 2010.

The  Extraordinary General  Meeting also  decided to  reduce the Company's share
capital by SEK 7,048,000 through cancellation of the 704,800 own Series B shares
that  TransAtlantic holds. Finally, the Extraordinary General Meeting decided to
fix  the number of members of the Board of Directors at six up until the date of
the  next Annual  General Meeting.  Christen Sveaas  and Åge Korsvold were newly
elected  as Board members. Folke Patriksson,  Håkan Larsson, Christer Olsson and
Magnus  Sonnorp were retained as Board members in accordance with the resolution
by  the Annual  General Meeting.  In addition,  Christer Lindgren will remain as
employee   representative  on  the  Board.  The  Extraordinary  General  Meeting
appointed  Christen Sveaas as Chairman and  Folke Patriksson as Vice Chairman of
the Board of Directors.

The  transaction was announced by TransAtlantic on August 13, 2010. Furthermore,
TransAtlantic  announced  on  September  7, 2010 that  the  Company had received
approval  from the relevant competition authorities and, on September 22, 2010,
that  the company  had received  approval for  the acquisition  from the lenders
involved.  TransAtlantic  deems  that  the  acquisition  of Trans Viking will be
perceived positively by customers, suppliers and the Group's creditors.

For   further   information,   contact  Stefan  Eliasson,  acting  President  of
TransAtlantic,
tel +46 (0)304 67 47 00.



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