Scorpio Tankers Announces Reduction in Commercial Management Fees

Monaco - Sept. 18, 2018

Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that the Company and its commercial manager, Scorpio Commercial Management S.A.M. (“SCM”), a related party affiliate, have agreed that SCM will reimburse certain of the commissions that SCM charges the Company’s vessels to effectively reduce such to 0.85% of gross revenue per charter fixture, effective from September 1, 2018 and ending on June 1, 2019.

About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or finance leases 109 product tankers (38 LR2 tankers, 12 LR1 tankers, 45 MR tankers, 14 Handymax tankers) with an average age of 3.1 years and time or bareboat charters-in 14 product tankers (one LR2 tanker, six MR tankers and seven Handymax tankers). Additional information about the Company is available at the Company's website, which is not a part of this press release.

Scorpio Tankers Inc. press release