Saga Pure — Share Issue/Capital Change 2017

Sep 1, 2017

SAGA TANKERS ASA - REGISTRATION OF NEW SHARE CAPITAL

SAGA TANKERS ASA - REGISTRATION OF NEW SHARE CAPITAL

Reference is made to the minutes from the extraordinary

general meeting held on 4 July 2017, and the pertaining

stock exchange notice, where the general meeting resolved to

decrease the Company's share capital with NOK 263,488,332.69

from NOK 266,149,831 to NOK 2,661,498.31 with distribution

to the shareholders of Saga Tankers ASA.

Following the expiry of the mandatory creditor notice

period, the share capital decrease was completed on 31

August 2017. Following this, the share capital of Saga

Tankers ASA is NOK 2,661,498.31, divided by 266,149,831

shares, each with a par value of NOK 0.01.

* * *

For further information, please contact:

CEO Espen Lundaas

+47 92 43 14 17

This information is subject to the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading

Act.