Report of Transactions in A/S Dampskibsselskabet TORM Securities by Managerial Staff...

Report of Transactions in A/S Dampskibsselskabet TORM Securities by Managerial
Staff and Connected Persons

HELLERUP, Denmark, May 20 /PRNewswire-FirstCall/ -- A/S
Dampskibsselskabet TORM is obliged under section 28a of the Danish Securities
Trading Act to report transactions in A/S Dampskibsselskabet TORM securities
by its managerial staff and connected persons:
A/S Dampskibsselskabet TORM has been notified of the following
transaction:

Name: Niels Peter Abildgaard
Nielsen
Reason: Board Member
Securities code
(ISIN-kode): DK 0060082915
Description: Shares
Transaction: Sale
Trading date: 19 May 2008
Market: OMX Nordic Exchange
Copenhagen
Number: 4.800
Market value in DKK: 825,600

About TORM
TORM is one of the world's leading carriers of refined oil products as
well as being a significant participant in the dry bulk market. The Company
operates a combined fleet of 128 modern vessels, principally through a
pooling cooperation with other respected shipping companies who share TORM's
commitment to safety, environmental responsibility and customer service.
TORM was founded in 1889. The Company conducts business worldwide and is
headquartered in Copenhagen, Denmark. TORM's shares are listed on the
Copenhagen Stock Exchange (ticker TORM) as well as on the NASDAQ (ticker
TRMD). For further information, please visit http://www.torm.com.
Safe Harbor
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 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 future 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.
Forward looking statements are based on management's current evaluation,
and TORM is only under obligation to update and change the listed
expectations to the extent required by law.
SOURCE A/S Dampskibsselskabet TORM

Contact: A/S Dampskibsselskabet TORM, Klaus Kjaerulff, CEO, Telephone:
+45-39-17-92-00, Tuborg Havnevej 18, DK-2900 Hellerup, Denmark