TORM Confirms That Norden Tender Offer Not Open to U.S. Persons.

Business Editors

COPENHAGEN, Denmark & NEW YORK--(BUSINESS WIRE)--July 26, 2002

Aktkieselsskabet Dampskibsselskabet TORM A/S Dampskibsselskabet TORM or TORM (NASDAQ: TRMD), based in Copenhagen, Denmark, is a shipping company that owns and operates product tankers and bulk carriers. TORM's company's tankers carry refined oil products such as gasoline, jet fuel, naphtha and diesel oil. ("TORM TORM Transactional or Relationship Message (Federal Trade Commission email message definition) ") (Nasdaq: TRMD / CSE (Certified Systems Engineer) See Microsoft certification. : TORM) today confirmed that its tender offer for Dampskibsselskabet Norden A/S is not open for United States persons.

Any tenders received from persons resident in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. or with United States addresses will be rejected.

About TORM

Founded in 1889, TORM is one of the world's most respected names in international shipping. The company is composed of product-tankers, bulk carriers and a liner division, with the product tanker activity accounting for the majority of the business. TORM is one of the world's premier carriers of clean oil products such as gasoline, jet fuel, naphtha naphtha (năp`thə, năf`–), term usually restricted to a class of colorless, volatile, flammable liquid hydrocarbon mixtures. and diesel oil and a leading carrier of other clean products. TORM's bulk carrier division focuses mainly on the Panamax bulk carrier sector, carrying various bulk commodities, principally grain, coal and iron ore. The division is also engaged in the Handysize bulk carrier segment. TORM liner services carry primarily containers, break bulk, specialized cargoes and oil drilling equipment between the United States and West Africa. Headquartered in Copenhagen, Denmark, TORM is responsible for the commercial operation of approximately 90 vessels, including some of the most modern and well-equipped ships afloat. For more information, please visit www.torm.dk.

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Publication:	Business Wire
Date:	Jul 26, 2002
Words:	212
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