Nordic Shipholding — Capital/Financing Update 2007

Jul 29, 2007

This notification does not constitute an offer to sell or an offer to buy any of the shares that the Company might offer for sale in connection with a potential IPO. This statement is only addressed to persons residing in Denmark.

Any decision to invest in shares that the Company might offer for sale in connection with a potential IPO should be made on the basis of the Prospectus as such, including the risk factors set out in the Prospectus.

To OMX - Copenhagen Stock Exchange

Stock Exchange Notification No. 3-07/7 June 2007

Nordic Tankers A/S closes the offering to retail investors in Denmark for amounts up to and including DKK 2 mill.

Due to substantial demand for shares in Nordic Tankers A/S, Nordic Tankers A/S has resolved to close the offering to retail investors in Denmark for amounts up to and including DKK 2 mill.

Information about offer price and allocation is expected to be announced on Tuesday, June 12, 2007.

Further information:

Flemming Krusell Sørensen, CEO, telephone no. +45 4045 5359.

In connection with the Offering, Nordea Bank Danmark A/S may, during a period of 30 days from the first day of trading in the New Shares on the OMX-Copenhagen Stock Exchange, effect transactions which stabilise or maintain the price of the Company's shares at a level which would otherwise not be applicable. If initiated, such stabilisation may be suspended at any time. Any gain or loss in connection with such stabilisation will be for the account of Nordea Bank Danmark A/S.

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