Saga Pure — Major Shareholding Notification 2014

Oct 22, 2014

Notification of trade Saga Tankers ASA

Notification of trade Saga Tankers ASA

Reference is made to the stock exchange notice dated

23 July 2014 regarding Saga Tankers ASA's

(the "Company") entry into a demerger plan for

certain assets owned by Ferncliff TIH 1 AS

(the "Transaction"), the detailed stock exchange

announcement regarding the Transaction dated 25 July

2014 and the information memorandum regarding the

Transaction dated 10 September 2014, the stock

exchange notice dated 21 October stating that the

Transaction is registered in the Norwegian Register

of Business Enterprises.

Mr. Øystein Stray Spetalen, Chairman of the board of

Saga Tankers ASA, will receive 89 056 319 shares in

Saga Tankers ASA.

After the transaction Øystein Stray Spetalen will

have a holding of 172 841 799 shares in Saga Tankers

ASA, corresponding to 98.30%.