TransAtlantic: Organisational restructuring of the PSV Segment within Viking Supply Ships

Regulatory News:

In order to remain competitive and reduce costs, the management of Viking Supply Ships A/S (VSS) has decided to close down the Aberdeen office with effect from 1 July 2015.

The Aberdeen office has operated the Viking PSV fleet and the organisational change is a direct result of the current weak market for these vessels. The purpose is to ensure a lean and efficient VSS organisation for the future. All administrative functions will be absorbed by the head office in Copenhagen.

As a consequence VSS will enter into consultation with affected staff in the Aberdeen office. The change in the organisation will reduce the overhead costs for the segment and ensure that the financial solidity of the VSS group remains strong.

The high focus on quality and safety remains, and VSS will ensure that the restructuring does not compromise on these matters.

VSS will keep the existing crew composition on the vessels.

Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters in Gothenburg, Sweden and additional offices in Europe. The company is organized into two business areas: TransAtlantic and Viking Supply Ships. The company has about 800 employees and the turnover in 2014 was MSEK 3,190. The company’s B-shares are listed on the NASDAQ OMX Stockholm, Small Cap segment. www.rabt.se

Rederi AB TransAtlantic is obliged to make this information public according to the Financial Markets Act and/or the Financial Instruments Trading Act (Sw: lagen om värdepappersmarknaden and lagen om handel med finansiella instrument). The information was submitted for publication on February 13, 2015 at 12:00 noon.

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