Nordic Shipholding — AGM Information 2007

Dec 13, 2007

To the shareholders of Nordic Tankers A/S Holstebro, 13 December 2007

Notice is hereby given of an Extraordinary General Meeting of Nordic Tankers A/S on Thursday 10 January 2008 at 15.00 at Ingeniørforeningens Mødecenter, Kalvebod Brygge 31-33, DK-1780 Copenhagen V.

The Extraordinary General Meeting has been requested by Steen Bryde under the provisions of the Articles of Association that shareholders with holdings of at least 10% of the company's share capital can request that an Extraordinary General Meeting be called at 14 days' notice (Art. 5.3).

Steen Bryde has submitted to the board the requisite documentation showing that he represents shareholders with holdings of more than 10% of the share capital to support his request for a notice of Extraordinary General Meeting to be issued.

The agenda for the Extraordinary General Meeting will be:

• 1. Resolution to elect Steen Bryde to the Board of Directors
• 1. Any other business

The Board will propose that Steen Bryde be elected as a new member of the Board of Nordic Tankers A/S. The possible election of Steen Bryde will see the Board of Directors being expanded from seven to eight members, as permitted under the Articles of Association.

The Board has appointed attorney Jørgen Perrain, Plesner Law Offices, to chair the General Meeting.

If shareholders are prevented from attending the Extraordinary General Meeting, they are recommended to use the attached power of attorney for the Board, either as a general power of attorney or as a specific power of attorney.

There will be no light refreshments in connection with the General Meeting

In accordance with Art. 7.1 of the Articles of Association, shareholders wishing to attend the Extraordinary General Meeting should order admission cards from VP Investor Services A/S by Monday 7 January 2008 at 16.00. This may be done using the attached booking form which should be sent in the accompanying SAE to VP Investor Services A/S. Admission cards and voting slips may also be ordered on the VP Investor Services A/S website at www.vp.dk/gf. Shareholders who have not been registered by name in the company's register of shareholders and who wish to attend the Extraordinary General Meeting will be required to show documentation from the institution holding their accounts to support their admission and said documentation shall at the date of requesting an admission card be no more than fourteen days old. If required by the company, shareholders who are not registered by name shall present a written declaration from the shareholder that the shares have not been and will not be assigned to others before the Extraordinary General Meeting has been held.

The Extraordinary General Meeting is being held seven months after Nordic Tankers A/S' successful IPO and listing on OMX - Copenhagen Stock Exchange. Since then, the price of the company's shares has developed well despite the sometimes difficult trading conditions. Shares are currently being traded at the rate of 110, compared to the offer price of 85.

Since the listing, the Board and management have implemented their strategy for a significant renewal process for the fleet more rapidly than forecast. The fleet currently consists of seven product tankers and chemical tankers. Four vessels are on order for delivery in 2008-2009.

Nordic Tankers A/S has just released the results for Q1-3/2007. The Group reported profits of USD 22.4m, and the forecast for full year profits for 2007 of the order of USD 23-25m is being maintained. The company upwardly adjusted its expectations for 2007 after publication of the half-year results.

In the course of January 2008, the Board and management will be holding a strategy seminar at which the company's vision, mission, strategy and the composition of the Board will be reviewed.

A new issue of Nordic News is expected to be sent out to shareholders between Christmas and New Year with more details of the company's business. For the latest developments, please check the website at www.nordictankers.dk which is kept updated.

p.p.

Chairman

Steen Bryde (born 1967) is Executive Manager of Capinordic A/S, where he is responsible for developing bank, investment and Stock Exchange operations. He is a state authorized public accountant and until 1 June 2006 was the Managing Partner of Horwath Revisorerne, where he was responsible for business development.

Steen Bryde's other executive posts:

Chairman of the Boards of:

Agora Estate Apartments A/S, Agora Estate A/S, Agora Estate Domestic A/S, Agora Estate Retail A/S, Bristen Ejendomme A/S, Bristen Ejendomsinvest A/S, Ejendomsselskabet Vitus A/S, Griffin Bonds II NRW A/S, Havnestadhus A/S, PHG Holding A/S, Plaza Hotel Group A/S and Snedkermester Hugo Svaneeng A/S.

Directorships in:

Afviklingsselskabet af 30. maj 2003 A/S, Artilleribyg A/S, Blikkenslagerfirmaet Zinko A/S, Byens varmeog sanitets-service A/S, C. Møllmann & Co.'s Eftf. A/S, Dixi Ejendomsudvikling A/S, Ejendomsaktieselskabet Pakhuset, Ejendomsselskabet Ørestad Syd A/S, Haslund Capital Management A/S, Ishøj VVS A/S, Kjær Knudsen A/S, Lomax A/S, Melo Ejendomme A/S, Nielsen & Kromann A/S, Skævinge Byg A/S, Stella Shipping A/S, TOKI Ejendomme A/S, TOKI Holding ApS and TOKI Pant A/S.