Dear Shareholders and Investors,

I am pleased to announce that we have entered into a sales agreement for a 2003-built suezmax tanker. 

The sales price of the ship is $25 million net to us and the ship has no debt. Nordic American Tankers Ltd. is in a solid position.

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd. press release