Saga Pure — M&A Activity 2015

Jul 20, 2015

SAGA TANKERS ASA: FINAL RESULTS OF MANDATORY OFFER FOR S.D. STANDARD DRILLING

SAGA TANKERS ASA: FINAL RESULTS OF MANDATORY OFFER FOR S.D. STANDARD DRILLING

(This is a copy of announcement from S.D. Standard

Drilling Plc, 20.07.2015 at 09:44 hours.)

NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA,

JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH

DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Reference is made to the mandatory offer document

(the "Offer Document") dated 16 June 2015 regarding

the mandatory offer (the "Mandatory Offer") to

acquire all issued and outstanding shares

(the "Shares") of S.D. Standard Drilling Plc ("SDSD")

made by Saga Tankers ASA ("Saga Tankers" or

the "Offeror") and the stock exchange notice dated 15

July 2015 regarding preliminary results of the

Mandatory Offer.

The final result is equal to the preliminary result,

as previously announced in the stock exchange notice

dated 16 July 2015.

The settlement of the Mandatory Offer will be made as

soon as reasonably possible and at the latest on 29

July 2015. For further settlement details, please

refer to the Offer Document.

Swedbank Norge is acting as financial advisor and

receiving agent and Advokatfirmaet CLP DA is acting

as legal advisor to Saga Tankers in connection with

the Mandatory Offer.

* * *

For further information, please contact:

CEO Espen Lundaas

+47 92 43 14 17

This information is subject of the disclosure

requirements of section 5-12 of the Norwegian

Securities Trading Act.