<SEC-DOCUMENT>0000919574-19-002484.txt : 20190319
<SEC-HEADER>0000919574-19-002484.hdr.sgml : 20190319
<ACCEPTANCE-DATETIME>20190319124823
ACCESSION NUMBER:		0000919574-19-002484
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20190331
FILED AS OF DATE:		20190319
DATE AS OF CHANGE:		20190319

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TORM plc
		CENTRAL INDEX KEY:			0001655891
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38294
		FILM NUMBER:		19690875

	BUSINESS ADDRESS:	
		STREET 1:		BIRCHIN COURT
		STREET 2:		20 BIRCHIN LANE
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3V 9DU
		BUSINESS PHONE:		44 203 286 6222

	MAIL ADDRESS:	
		STREET 1:		BIRCHIN COURT
		STREET 2:		20 BIRCHIN LANE
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3V 9DU

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TORM Ltd
		DATE OF NAME CHANGE:	20151125

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Anchor Admiral Ltd
		DATE OF NAME CHANGE:	20151016
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d8212093_6-k.htm
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Washington, D.C.&#160; 20549</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">FORM 6-K</font></div>
    <div><br>
    </div>
    <div style="text-align: center; margin-left: 9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">For the month of March 2019</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Commission File Number 001-38294</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">TORM plc</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="background-color: #FFFFFF; font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Birchin Court, 20 Birchin Lane,
          London, EC3V 9DU, United Kingdom</font></font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Address of principal executive offices)</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [&#160; ].</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(1)
        only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [&#160; ].</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(7)
        only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is
        incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not
        required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Attached to this Report on Form 6-K as Exhibit 99.1 is a copy of the press release of TORM plc (the &#8220;Company&#8221;), dated March
        19, 2019, announcing that the Company&#8217;s Board of Directors has determined to grant Restricted Share Units to certain employees, in accordance with the Company&#8217;s Remuneration Policy.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration
        statement on Form F-3 (File No. 333-228878) that was filed with the U.S. Securities and Exchange Commission effective February 12, 2019.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIGNATURES</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
        the undersigned, thereunto duly authorized.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z7031be352aab4d6bb69cc02d0f05d7e0">

        <tr>
          <td style="width: 49.82%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">TORM PLC</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 49.82%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.82%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Dated: March 19, 2019</font></div>
          </td>
          <td colspan="3" style="vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.82%; vertical-align: top;">&#160;</td>
          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.82%; vertical-align: top;">&#160;</td>
          <td style="width: 7%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By:</font></div>
          </td>
          <td style="width: 23%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Jacob Meldgaard</font></div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.82%; vertical-align: top;">&#160;</td>
          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Jacob Meldgaard</font></div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.82%; vertical-align: top;">&#160;</td>
          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Executive Director and Principal Executive Officer</font></div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.82%; vertical-align: top;">&#160;</td>
          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49.82%; vertical-align: top;">&#160;</td>
          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 23%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><br>
    </div>
    <div style="margin-top: 12pt; margin-bottom: 12pt;"><br>
    </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d8212093_ex99-1.htm
<TEXT>
<html>
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    <!-- Licensed to: Sewatd & Kissel LLP
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div>
    <div style="text-align: center; margin-right: 9pt;"><img src="image00002.jpg"></div>
    <div><br>
    </div>
    <div style="text-align: left; margin-right: 9pt;"><font style="font-family: Arial, sans-serif; font-size: 14pt; font-weight: bold;"><font style="font-family: Arial, sans-serif; font-size: 12pt;">TORM plc Long-Term Incentive Program</font><font style="font-family: Arial, sans-serif; font-size: 14pt;"><br>
        </font></font><br>
    </div>
    <div style="text-align: left; margin-right: 13.7pt; margin-bottom: 8pt; font-family: Arial, sans-serif; font-size: 10pt;">In accordance with TORM plc&#8217;s (&#8220;TORM&#8221;) Remuneration Policy adopted by the Annual General Meeting of TORM plc on 12 April 2018, the
      Board of Directors has as part of a long-term incentive program decided to grant certain employees (the &#8220;Participants&#8221;) Restricted Share Units (&#8220;RSUs&#8221;) in the form of restricted stock options. The RSUs aim at incentivizing the Participants to seek to
      improve the performance of TORM and thereby the TORM share price for the mutual benefit of themselves and the shareholders of TORM.</div>
    <div style="text-align: left; margin-right: 13.7pt; margin-bottom: 8pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">The Participants will be granted a total of 873,450 RSUs and, subject to vesting, each RSU entitles the holder to
        acquire one TORM A-share. The RSUs will vest over a three-year period, with one third of the grant amount vesting at each anniversary during the three-year period starting on 1 January 2020. The exercise price for each TORM A-share is DKK 49.7,
        corresponding to the average of 90 calendar days preceding the publication of TORM plc&#8217;s 2018 Annual Report plus a 15% premium. Vested RSUs may be exercised for a period of 360 days from each vesting date.</font></div>
    <div style="text-align: left; margin-right: 13.7pt; margin-bottom: 8pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">Holders of the RSUs will have no rights as a shareholder with respect to such RSUs until such time as the RSUs vest
        and are exercised and TORM A-shares are issued. The RSUs include certain adjustment and acceleration provisions, exercise conditions and other terms customary for restricted stock option programs of this nature.</font></div>
    <div style="text-align: left; margin-right: 13.7pt; margin-bottom: 8pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">The theoretical market value of the RSU allocation is calculated at USD 1.5m based on the Black-Scholes model. The
        key assumptions for the calculation of the market value are:</font></div>
    <div style="text-align: left; margin-bottom: 8pt;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z6eac44857220412c99b1365c5dc9fb01">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-family: Symbol, serif; font-size: 10pt;">&#183;</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-family: Arial, sans-serif; font-size: 10pt;">The strike price is adjusted for TORM dividends</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: left; margin-bottom: 8pt;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z27c2fa90a1f348bd95e3ae2b10178195">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-family: Symbol, serif; font-size: 10pt;">&#183;</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-family: Arial, sans-serif; font-size: 10pt;">The volatility of the TORM share is estimated at 40%</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: left; margin-bottom: 8pt;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zfcb09865081f4bb698b1e423a9ea2898">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-family: Symbol, serif; font-size: 10pt;">&#183;</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-family: Arial, sans-serif; font-size: 10pt;">The risk-free interest rate based upon expiry of the RSUs is based on Danish government bonds with maturity corresponding to the maturity of the individual RSUs (between
                    -0.6% and -0.5%)</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: left; margin-bottom: 8pt;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z2d9ad979faa24f378bb494b6f2bed436">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-family: Symbol, serif; font-size: 10pt;">&#183;</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-family: Arial, sans-serif; font-size: 10pt;">A share price of DKK 49.5 per A-share at the time of allocation</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: left; margin-bottom: 8pt;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zcbf5148491114f0fac81ee2cdf1489a7">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-family: Symbol, serif; font-size: 10pt;">&#183;</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-family: Arial, sans-serif; font-size: 10pt;">The RSUs are on average exercised in the middle of the exercise window following each vesting date</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: left; margin-right: 13.7pt; margin-bottom: 8pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">The RSU allocation is expected to affect the P&amp;L statement in the following manner:</font></div>
    <table cellspacing="0" cellpadding="2" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z605629cd96504101a2dd1245660ac5de">

        <tr>
          <td style="width: 24.94%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: left; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt; font-style: italic;">In USDm (rounded)</font></div>
          </td>
          <td style="width: 19.83%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">2019</font></div>
          </td>
          <td style="width: 18.41%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">2020</font></div>
          </td>
          <td style="width: 18.41%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">2021</font></div>
          </td>
          <td style="width: 18.41%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">Total</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 24.94%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: left; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">Total</font></div>
          </td>
          <td style="width: 19.83%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">0.8</font></div>
          </td>
          <td style="width: 18.41%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">0.5</font></div>
          </td>
          <td style="width: 18.41%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">0.2</font></div>
          </td>
          <td style="width: 18.41%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 10pt;">1.5</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
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            <div style="text-align: left; margin-right: 9pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt; font-weight: bold;">CONTACT</font></div>
            <div style="text-align: left; margin-right: 9pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">Jacob Meldgaard, Executive Director,</font></div>
            <div style="text-align: left; margin-right: 9pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">Christian S&#248;gaard-Christensen, CFO,</font></div>
            <div style="text-align: left; margin-right: 9pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">Morten Agdrup, IR,</font></div>
          </td>
          <td style="width: 20%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#160;</div>
            <div style="text-align: left; margin-right: 9pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">tel.: +45 3917 9200</font></div>
            <div style="text-align: left; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">tel.: +45 3917 9200</font></div>
            <div style="text-align: left; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">tel.: +45 3917 9249</font></div>
          </td>
          <td style="width: 55%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: left; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt; font-weight: bold;">TORM plc</font></div>
            <div style="text-align: left; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">Birchin Court, 20 Birchin Lane,</font></div>
            <div style="text-align: left; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">London EC3V 9DU, United Kingdom</font></div>
            <div style="text-align: left; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">Tel.: +44 203 713 4560</font></div>
            <div style="text-align: left; margin-right: 13.7pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">www.torm.com</font></div>
          </td>
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    <div style="text-align: left; margin-right: 9.05pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt; font-weight: bold;">ABOUT TORM</font></div>
    <div style="text-align: left; margin-right: 9.05pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">TORM is one of the world&#8217;s leading carriers of refined oil products. The Company operates a fleet of approximately 80 modern vessels with
        a strong commitment to safety, environmental responsibility and customer service. TORM was founded in 1889. The Company conducts business worldwide. TORM&#8217;s shares are listed on NASDAQ Copenhagen and NASDAQ New York (tickers: TRMD A and TRMD). For
        further information, please visit www.torm.com.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; margin-right: 9.05pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt; font-weight: bold;">SAFE HARBOR STATEMENTS AS TO THE FUTURE</font></div>
    <div style="text-align: left; margin-right: 9.05pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">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 statements other than statements of historical facts. The
        words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221; and similar expressions generally identify forward-looking statements.</font></div>
    <div style="margin-bottom: 8pt;"><br>
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    <div style="text-align: center; margin-bottom: 8pt;"><img src="image00003.jpg">
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        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: left; margin-right: 13.7pt; font-family: Calibri, sans-serif; font-size: 8pt;">Announcement no. 5 / 19 March 2018</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; margin-right: 13.7pt;"><font style="font-family: Calibri, sans-serif; font-size: 8pt;">TORM plc Long-Term Incentive Program</font></div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: right; margin-right: 13.7pt;"><font style="font-family: Calibri, sans-serif; font-size: 8pt;">Page 1 of 2</font></div>
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    <div style="text-align: center; margin-bottom: 8pt;"><img src="image00002.jpg">
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    </div>
    <div style="text-align: left; margin-right: 9.05pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">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&#8217;s examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when
        made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these
        expectations, beliefs or projections.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; margin-right: 9.05pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">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 the world economy and currencies, changes in charter hire rates and vessel values, changes in demand for &#8220;ton miles&#8221; of oil carried by oil tankers, the effect of changes in OPEC&#8217;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&#8217;s operating expenses, including bunker prices, dry-docking and insurance costs, changes
        in the regulation of shipping operations, 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, political events or acts by terrorists.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; margin-right: 9.05pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">In light of these risks and uncertainties, you should not place undue reliance on forward-looking statements contained in this release
        because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those
        projected in the forward-looking statements.</font></div>
    <div style="text-align: left; margin-right: 9.05pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;"> </font><br>
    </div>
    <div style="text-align: left; margin-right: 9.05pt;"><font style="font-family: Arial, sans-serif; font-size: 8pt;">Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions to
        these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.</font></div>
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    <div style="margin-bottom: 8pt; text-align: center;"><img src="image00003.jpg"></div>
    <div style="text-align: left; margin-right: 13.7pt; margin-bottom: 8pt;"><img width="642" height="6" src="image1.jpg"></div>
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        <tr>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: left; margin-right: 13.7pt; font-family: Calibri, sans-serif; font-size: 8pt;">Announcement no. 5 / 19 March 2018</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; margin-right: 13.7pt;"><font style="font-family: Calibri, sans-serif; font-size: 8pt;">TORM plc Long-Term Incentive Program</font></div>
          </td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: right; margin-right: 13.7pt;"><font style="font-family: Calibri, sans-serif; font-size: 8pt;">Page 2 of 2</font></div>
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