Nordic American Tankers Ltd (NYSE: NAT) - An active period involving several transactions

January 22, 2025

Dear Shareholders and Investors,

In the recent past, NAT has carried through several transactions, reflecting a very active period.

NAT has declared the purchase option for a 2018-built Suezmax tanker on favorable terms from a close financing partner.

Furthermore, we have also sold a 2003-built vessel to a UK based owner.

This sale which is expected to close in the second half of February, will produce a cash injection of USD 22.5 million.

NAT is in a very solid position and the transactions above reflect our financial flexibility.

Going forward, we see expansion on the horizon.

We wish to assure shareholders that dividend always will be a priority.

Please also see our home page www.nat.bm

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd.

Nordic American Tankers Ltd, press release