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Danish owned business continues profitability

Clipper Group A/S annual report published

Today, Clipper Group A/S released its annual report for 2015. With a net result of 13 million USD, the
company maintains the positive development from 2014, profiting from strong results in the two major
business areas of ro-ro and ferries. Net revenue of 207 million USD is lower than in 2014, while an equity
ratio of 43% is a further strengthening compared to 2014.

Clipper Group A/S is the Danish subsidiary of Clipper Group Ltd. The primary activities of the Danish
subsidiary are ro-ro activities on the Irish Sea (Seatruck Ferries) and ferry services in Denmark (Danske
Færger), as well as technical management (Clipper Fleet Management). The last chemical tankers were sold
during 2015.

“We are pleased to have achieved a positive net result in Clipper Group A/S for the second year in a row,”
says Flemming Steen, CFO of Clipper Group. “Both Seatruck and Danske Færger continue to perform very
well, and the selling of our last chemical tankers have also contributed to a stronger result, though reduced

Read the entire press release here.

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