COMPANY ANNOUNCEMENT
Copenhagen, 20 May 2009
Company Announcement No. 14/2009
AGREEMENT ON SALE OF PASSENGER SHIP CANCELLED
As announced on 12 May 2009 an agreement was entered into to sell the passenger
ship QUEEN OF SCANDINAVIA to foreign interests subject to payment of a deposit
by Friday 15 May 2009.
The buyer has despite an extension not fulfilled the agreed terms on payment of
deposit and the sale is therefore cancelled.
QUEEN OF SCANDINAVIA was laid up after closure of the Bergen route in September
2008. From February 2009 and until mid May the ship has been employed as a
hotel ship in Sweden. Opportunities to employ the ship for the remainder of
2009 will now be pursued.
The cancellation of the sale agreement implies that the net investments
expected for the full year will amount to DKK 1.3 billion instead of DKK 1.1
billion, which was a consequence of the sale.
