(This press release is sent out on behalf of Odense Steel Shipyard)


Odense Steel Shipyard announces that Managing Director Torben Anker Sørensen has resigned, and that Mr Torben Anker Sørensen will withdraw from his position by mid-April 2006. At the same time Mr Finn Buus Nielsen will take over the position as Managing Director for the Yard. Mr Finn Buus Nielsen is currently Managing Director for Mærsk Container Industri A/S.


Torben Anker Sørensen informs:
”The conditions at the Yard have developed in such a way that the substantial tasks and challenges the company faces today require a different profile than mine. I therefore seek new challenges.”


Contact person:
Executive Vice President Lars-Erik Brenøe
A.P. Møller - Mærsk
Tel: +45 3363 3628


Copenhagen, 10 March 2006