With reference to the Extraordinary General Meeting 
held on 14. February 2012 where a resolution was 
passed to apply for delisting of TECO Maritime ASA 
from the Oslo Stock Exchange.

The Board of TECO Maritime ASA has been informed by 
TECO Group AS that they, together with closely 
related parties and shareholders that have expressed 
that they support a delisting, now control approx. 
76% of the shares of TECO.

The Board will monitor the situation closely and 
continuously evaluate the possibility of applying for 
delisting of TECO according to the resolution passed 
by the Extraordinary General Meeting.