Saga Pure — M&A Activity 2015

May 20, 2015

Saga Tankers ASA : Update on merger between Strata Marine & Offshore AS and Saga Invest Holding AS

Saga Tankers ASA : Update on merger between Strata Marine & Offshore AS and Saga Invest Holding AS

Reference is made to the stock exchange notice 26 February 2015 and 27 March

The Company expect the merger to be compleeted beginning of June 2015.

For further information please contact:

CEO Espen Lundaas

tel +47 924 31 417

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1922829]