Saga Pure — Director's Dealing 2020

Oct 20, 2020

Mandatory Notification of Trade - Martin Nes

Mandatory Notification of Trade - Martin Nes

Reference is made to the stock exchange notice from Saga Tankers ASA (the

"Company") dated 20 October 2020 regarding completion of a private placement of

new shares in the Company (the "Private Placement").

Hanekamb Invest AS, a company controlled by Martin Nes, Chairman and primary

insider, has on 20 October 2020 acquired 850,000 shares in the Company in the

Private Placement at a price of NOK 1.30 per share.

After the transaction, Martin Nes and associated companies have a holding of

1,850,000 shares in the Company.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act