Dear Shareholders and Investors,

This is to inform you that we have agreed a letter of intent (LOI) involving the construction of two Suezmax tankers at a South Korean shipyard. Deliveries are planned for second half of 2028.

The price of the ships is USD 86 million each. The final contract is expected to be signed in early 2026.

For further details and contacts, please see at the end of this communication.

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd.