Saga Pure — Share Issue/Capital Change 2017

Aug 29, 2017

Saga Tankers ASA :SAGA TANKERS ASA - REGISTRATION OF NEW SHARE CAPITAL

Saga Tankers ASA :SAGA TANKERS ASA - REGISTRATION OF NEW SHARE CAPITAL

Reference is made to the minutes from the annual general meeting held on 24 May

2017 and the pertaining stock exchange notice, whereby the general meeting

resolved to decrease the Company's share capital with NOK 20,582,780 from NOK

286,732,611 to NOK 266,149,831 through cancellation of own shares.

Following the expiry of the mandatory creditor notice period, the share capital

decrease was completed on 29 August 2017. Following this, the share capital of

Saga Tankers ASA is NOK 266,149,831, divided by 266,149,831 shares, each with a

par value of NOK 1.

* * *

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.