<SEC-DOCUMENT>0000919574-20-000344.txt : 20200114
<SEC-HEADER>0000919574-20-000344.hdr.sgml : 20200114
<ACCEPTANCE-DATETIME>20200114160341
ACCESSION NUMBER:		0000919574-20-000344
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200131
FILED AS OF DATE:		20200114
DATE AS OF CHANGE:		20200114

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:		20526086

	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>d8448543_6-k.htm
<TEXT>
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    <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman',serif; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman',serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman',serif; font-weight: bold;">Washington, D.C.&#160; 20549</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman',serif; font-weight: bold;">FORM 6-K</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; margin-left: 9pt; line-height: 13.7pt; font-family: 'Times New Roman',serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman',serif;">For the month of January 2020</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">Commission File Number 001-38294</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: bold;">TORM plc</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;"><font style="background-color: #FFFFFF;">Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom</font></div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: center; line-height: 13.7pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">(Address of principal executive offices)</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman',serif;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman',serif;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman',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; ].</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman',serif; font-size: 10pt; font-weight: bold;">Note</font><font style="font-size: 10pt;">:
        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 style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman',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; ].</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman',serif; font-size: 10pt; font-weight: bold;">Note</font><font style="font-size: 10pt;">:
        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="line-height: 13.7pt;"><font style="font-family: 'Times New Roman',serif;"> </font><br style="line-height: 13.7pt;">
    </div>
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    <div style="text-align: center; line-height: 13.7pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 11.4pt; font-family: 'Times New Roman', 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 January 14, 2020,
      announcing that the Company has obtained commitments from leading ship lending banks for two separate term facilities and a revolving credit facility for up to a total of $496 million.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-family: 'Times New Roman', serif;">The information contained in this Report on Form 6-K, except for the commentary of Kim Balle, 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.</div>
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    </div>
    <div style="text-align: center; text-indent: 36pt; line-height: 13.7pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: bold;">SIGNATURES</div>
    <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
    </div>
    <div style="text-align: justify; line-height: 13.7pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',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.</div>
    <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman',serif;"> </font><br style="line-height: 13.7pt;">
    </div>
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    </div>
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            <div style="line-height: 13.7pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: bold;">TORM PLC</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 13.7pt; font-family: 'Times New Roman',serif;">Dated: January 14, 2020</div>
          </td>
          <td colspan="3" style="vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 7%; vertical-align: top;">
            <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif;">By:</div>
          </td>
          <td style="width: 33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif;">/s/ Jacob Meldgaard</div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif;">Jacob Meldgaard</div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top;">
            <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif;">Executive Director and Principal Executive Officer</div>
          </td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 7%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
        </tr>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d8448543_ex99-1.htm
<TEXT>
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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>
    <div style="text-align: right; margin-right: 9pt; line-height: 13.2pt;"><img width="236" height="56" src="image1.jpg">
      <div>
        <hr noshade="noshade" align="center" style="height: 4px; width: 100%; color: #002060; background-color: #002060; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    </div>
    <div style="line-height: 13.2pt;"><br style="line-height: 13.2pt;">
    </div>
    <div style="margin-right: 9pt; line-height: 14.45pt; font-family: Arial, sans-serif; font-size: 12pt; font-weight: bold;">TORM obtains USD 496m bank financing for the refinancing of existing debt, thereby removing all major debt
      maturities until 2026</div>
    <div style="margin-right: 9pt; line-height: 14.45pt;"><font style="font-family: Arial, sans-serif; font-size: 12pt; font-weight: bold;"> </font><br style="line-height: 14.45pt;">
      </div>
    <div style="margin: 0px 0px 0px 0px; line-height: 12pt; font-family: Arial, 'sans-serif';">TORM has obtained commitment from leading ship lending banks for two separate term facilities and a revolving credit facility
      of up to a total of USD 496m. These facilities replace four term loans and TORM&#8217;s existing revolving credit facility that all together on a fully drawn basis cover USD 502m in debt. Following the refinancing, TORM does not have any major debt
      maturities until 2026 which supports TORM&#8217;s strong capital structure.</div>
    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
    </div>
    <div style="margin: 0px 0px 0px 0px; line-height: 12pt; font-family: Arial, 'sans-serif';"><font style="font-family: Arial, sans-serif; font-style: italic;">&#8220;I am very pleased that we have been able
        to utilize TORM&#8217;s strong relationship with our lenders to remove all major near- and medium-term debt maturities with the financing of USD 496m in debt facilities at attractive terms. TORM&#8217;s new debt repayment profile further strengthens our
        capital structure and supports financial and strategic flexibility for our Company,&#8221;</font> says CFO Kim Balle<font style="font-family: Calibri,sans-serif;">.</font></div>
    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
    </div>
    <div style="margin: 0px 0px 0px 0px; line-height: 12pt; font-family: Arial, 'sans-serif';">The new term debt is structured as a Syndicated Facility of up to USD 341m with maturity in 2026 covering 27 modern vessels, a
      Term Facility of up to USD 110m with maturity in 2025 covering 19 vessels built between 2002 and 2006<font style="font-family: Calibri,sans-serif;">,</font> and a USD 45m revolving credit facility maturing in 2026. The new facilities remove a total
      of USD 252m 2021 maturity repayment (including currently undrawn amount). With the refinancing in place, TORM has reduced the near- and medium-term debt and lease repayments significantly to an average annual level of USD 108m throughout 2025,
      thereby supporting TORM&#8217;s strong capital structure and enhancing the Company&#8217;s financial and strategic flexibility. The refinancing will only have a minor impact on TORM&#8217;s net Loan-to-Value, which was 50% as per 30 September 2019.</div>
    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
    </div>
    <div style="margin: 0px 0px 0px 0px; line-height: 12pt; font-family: Arial, 'sans-serif';">TORM is pleased to continue the strong relationship with our existing lenders and also to expand the group of lending banks
      supporting future business opportunities in the Company. The bank group in the Syndicated Facility and the revolving credit facility includes Danske Bank, ING, ABN AMRO, Nordea, Swedbank, Cr&#233;dit Agricole CIB and Soci&#233;t&#233; G&#233;n&#233;rale<font style="font-family: Calibri,sans-serif;">.</font>&#160;Hamburg Commercial Bank is providing the USD 110m Term Facility. TORM expects to finalize documentation and execute the refinancing during the first quarter of 2020.</div>
    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
    </div>
    <div style="line-height: 14.75pt;"><br style="line-height: 14.75pt;">
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z7c5784a1501e49bc81fb55b32bb7efe1" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <div style="margin-right: 9pt; line-height: 12pt; font-family: Arial,sans-serif; font-weight: bold;">CONTACT</div>
          </td>
          <td style="width: 60%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="margin-right: 9pt; line-height: 12pt; font-family: Arial,sans-serif; font-weight: bold;">TORM plc</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div style="margin-right: 9pt; line-height: 12pt; font-family: Arial,sans-serif;">Kim Balle, CFO, tel.: +45 3917 9285</div>
          </td>
          <td style="width: 60%; vertical-align: top;">
            <div style="margin-right: 9pt; line-height: 12pt; font-family: Arial,sans-serif;">Birchin Court, 20 Birchin Lane</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">
            <div style="margin-right: 9pt; line-height: 12pt; font-family: Arial,sans-serif;">Morten Agdrup, IR, tel.: +45 3917 9249</div>
          </td>
          <td style="width: 60%; vertical-align: top;">
            <div style="margin-right: 9pt; line-height: 12pt; font-family: Arial,sans-serif;">London, EC3V 9DU, United Kingdom</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top;">&#160;</td>
          <td style="width: 60%; vertical-align: top;">
            <div style="margin-right: 9pt; line-height: 12pt; font-family: Arial,sans-serif;">Tel.: +44 203 713 4560</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="margin-right: 9pt; line-height: 12pt; font-family: Arial,sans-serif;">www.torm.com</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 9.1pt;"><br style="line-height: 9.1pt;">
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial,sans-serif; font-weight: bold;">ABOUT TORM</div>
    <div style="margin: 0px; line-height: normal; font-family: Arial, 'sans-serif';">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.</div>
    <div style="line-height: 9.1pt;"><br style="line-height: 9.1pt;">
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial,sans-serif; font-weight: bold;">SAFE HARBOR STATEMENTS AS TO THE FUTURE</div>
    <div style="margin: 0px; line-height: normal; font-family: Arial, 'sans-serif';">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.</div>
    <div style="line-height: 9.1pt;"><br style="line-height: 9.1pt;">
    </div>
    <div style="margin: 0px; line-height: normal; font-family: Arial, 'sans-serif';">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.</div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"> <br>
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"> <br>
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;">
      <hr noshade="noshade" align="center" style="height: 4px; width: 100%; color: #002060; background-color: #002060; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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    </div>
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      <table cellspacing="0" cellpadding="0" id="z33aa04d2f1f24f6493c148e636c04339" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 34.29%; vertical-align: top;">
              <div style="margin-left: 1.7pt; line-height: 9.1pt; font-family: Arial,sans-serif; font-size: 8pt;">Announcement no. 1 / 14 January 2020</div>
            </td>
            <td style="width: 45.93%; vertical-align: top;">
              <div style="margin-left: 2.75pt; line-height: 9.1pt; font-family: Arial,sans-serif; font-size: 8pt;">TORM obtains USD 496m bank financing for the refinancing of existing debt, thereby removing all major debt maturities until
                2026</div>
            </td>
            <td style="width: 19.77%; vertical-align: top;">
              <div style="margin: 0px 0px 0px 0px; line-height: 9.1pt; font-family: Arial, 'sans-serif'; font-size: 8pt; text-align: right;">Page 1 of 2<br>
              </div>
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    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="line-height: 9.1pt;">
      <div style="text-align: right; margin-right: 9pt; line-height: 13.2pt;"><img width="236" height="56" src="image1.jpg">
        <div>
          <hr noshade="noshade" align="center" style="height: 4px; width: 100%; color: #002060; background-color: #002060; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      </div>
      <div style="line-height: 13.2pt;"><br style="line-height: 13.2pt;">
      </div>
    </div>
    <div style="line-height: 9.1pt;"><br style="line-height: 9.1pt;">
    </div>
    <div style="margin: 0px; line-height: normal; font-family: Arial, 'sans-serif';">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.</div>
    <div style="line-height: 9.1pt;"><br style="line-height: 9.1pt;">
    </div>
    <div style="margin: 0px; line-height: normal; font-family: Arial, 'sans-serif';">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.</div>
    <div style="line-height: 9.1pt;"><br style="line-height: 9.1pt;">
    </div>
    <div style="margin: 0px; line-height: normal; font-family: Arial, 'sans-serif';">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.</div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"><font style="font-size: 10pt;"> </font><br>
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"> <br>
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"> <br>
    </div>
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    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"> <br>
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"> <br>
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"> <br>
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"> <br>
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"><br>
      <div><br>
      </div>
      <br>
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;">
      <hr noshade="noshade" align="center" style="height: 4px; width: 100%; color: #002060; background-color: #002060; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;"> <br>
    </div>
    <div style="margin-right: 9.05pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;">
      <table cellspacing="0" cellpadding="0" id="z33aa04d2f1f24f6493c148e636c04339" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 34.29%; vertical-align: top;">
              <div style="margin-left: 1.7pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;">Announcement no. 1 / 14 January 2020</div>
            </td>
            <td style="width: 45.93%; vertical-align: top;">
              <div style="margin-left: 2.75pt; line-height: 9.1pt; font-family: Arial, sans-serif; font-size: 8pt;">TORM obtains USD 496m bank financing for the refinancing of existing debt, thereby removing all major debt maturities
                until 2026</div>
            </td>
            <td style="width: 19.77%; vertical-align: top;">
              <div style="margin: 0px 0px 0px 0px; line-height: 9.1pt; font-family: Arial, 'sans-serif'; font-size: 8pt; text-align: right;">Page 2 of 2<br>
              </div>
            </td>
          </tr>

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    <div style="line-height: 0pt;"><br style="line-height: 0pt;">
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