HELLERUP, Denmark, July 31 /PRNewswire-FirstCall/ -- - ANNOUNCEMENT NO. 18 - 2007 Enclosed please find agenda for the Extraordinary General Meeting in A/S Dampskibsselskabet TORM to be held on 14 August 2007. About TORM TORM is one of the World's leading carriers of refined oil products and has significant activities in the bulk market. The Company operates more than 100 modern and secure vessels, most of them in pool co-operation with other respected shipping companies, sharing TORM's commitment to safety, environmental responsibility and customer service. TORM was founded in 1889 and has constantly adapted itself and benefited from the significant changes characterizing shipping. The Company conducts business all over the World and is headquartered in Copenhagen, Denmark. TORM's shares are listed in Copenhagen (ticker TORM) as well as on NASDAQ (ticker TRMD). For more information, visit http://www.torm.com/. SAFE HARBOUR STATEMENT - FORWARD LOOKING STATEMENTS Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although TORM believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, TORM cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, changes in charter hire rates and vessel values, changes in demand for "tonne miles" of crude oil carried by oil tankers, the effect of changes in OPEC's petroleum production levels and worldwide oil consumption and storage, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled dry-docking, changes in TORM's operating expenses, including bunker prices, dry-docking and insurance costs, changes in governmental rules and regulations including requirements for double hull tankers or actions taken by regulatory authorities, potential liability from pending or fu ture litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists. Risks and uncertainties are further described in reports filed by TORM with the US Securities and Exchange Commission, including the TORM Annual Report on Form 20-F and its reports on Form 6-K. AGENDA Extraordinary General Meeting in Aktieselskabet Dampskibsselskabet TORM (CVR NO 22460218) to be held on Tuesday, 14 August 2007 at 15:00 hours at Radisson SAS Falconer, Falkoner Alle 9, DK-2000 Frederiksberg 1. Proposals from the Board of Directors: a. Authorisation to the Board of Directors to resolve to distribute interim dividend. b. Authorisation to the Board of Directors (with a right of substitution) to apply for registration of the resolutions passed and to make any such amendments thereto as may be required or requested by the authorities as a condition for registration or approval. Re 1 a: The Board of Directors proposes that the Board of Directors be authorised pursuant to Section 109a of the Danish Companies Act to distribute interim dividend and that the following authorisation be added as a new Section 3.8 of the company's articles of association: "The Board of Directors has been authorised by the general meeting to resolve to distribute interim dividend." Re 1 b: The Board of Directors (with a right of substitution) shall be authorised to apply for registration of the resolutions passed and to make any such amendments thereto as may be required or requested by the Danish Commerce and Companies Agency, OMX Nordic Exchange Copenhagen A/S or any other public authority as a condition for registration or approval. In accordance with Section 73(5) of the Danish Companies Act please be informed that the Company's share capital amounts to nom. DKK 364,000,000.00 divided into shares of nom. DKK 5.00 each. Each share of DKK 5.00 gives one vote. The general meeting is only legally competent to transact business when at least 1/3 of the share capital is represented, cf. Article 9(1) in the Articles of Association of the Company. Approval or adoption of the proposals under items 1 a and 1 b requires simple majority, cf. Article 9(2) in the Articles of Association of the Company and Sections 77 and 109a(1) of the Danish Companies Act. Notice convening the extraordinary general meeting will be sent to all shareholders entered in the Company's register of shareholders and/or ADR-holders who have registered their holdings with the Company, and who have made a request therefore. The agenda with the complete proposals will be available for review at the offices of the Company at least 8 days prior to the extraordinary general meeting. Admission cards to the extraordinary general meeting can be obtained against presentation of appropriate proof of identification (VP reference number) not later than 4 days before the meeting from: VP Investor Services, tel. +45-4358-8866, fax +45-4358-8867 from whom voting cards within the same deadline can be obtained by shareholders being entitled thereto pursuant to Article 7(3) in the Articles of Association. Hellerup, 31 July 2007 The Board of Directors DATASOURCE: A/S Dampskibsselskabet TORM CONTACT: Contact: Klaus Kjaerulff, CEO, tel.: +45-39-17-92-00

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