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2015-04-16

Nordic American Offshore Ltd: Nordic American Offshore Ltd. (NYSE:NAO) - Extended delivery of new buildings

Hamilton, Bermuda, April 16, 2015

Nordic American Offshore Ltd. (NAO) announced today that it has agreed with
the Norwegian based Vard Aukra shipyard to extend the delivery of two
Platform Supply Vessel (PSV) newbuildings, originally scheduled to be
delivered in mid-2015. The ships are now scheduled to be delivered during the
first quarter of 2016 when NAO will take ownership. The vessels are fully
financed and the manufacturing process is developing satisfactorily.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides
safe harbor protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions
and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The
words "believe," "anticipate," "intend," "estimate," "forecast," "project,"
"plan," "potential," "may," "should," "expect," "pending" and similar
expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable
when made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict
and are beyond our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections. We undertake no
obligation to update any forward-looking statement, whether as a result of
new information, future events or otherwise.

Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies and currencies, general market conditions,
including fluctuations in charter rates and vessel values, changes in demand
in the PSV market, as a result of changes in the general market conditions of
the oil and natural gas industry which influence charter hire rates and
vessel values, demand in platform supply vessels, our operating expenses,
including bunker prices, dry docking and insurance costs, governmental rules
and regulations or actions taken by regulatory authorities as well as
potential liability from pending or future litigation, general domestic and
international political conditions, potential disruption of shipping routes
due to accidents or political events, the availability of financing and
refinancing, vessel breakdowns and instances of off-hire and other important
factors described from time to time in the reports filed by the Company with
the Securities and Exchange Commission.

For questions related to this message, please contact:

Jacob Ellefsen, Manager, Investor Relations and Research
Nordic American Offshore Ltd.
Tel: + 33 678 631 959 or + 377 93 25 89 07

Tor-Øyvind Bjørkli, Chief Executive Officer
Nordic American Offshore Ltd.
Tel: +47 90 62 70 14 or +47 21 99 24 81

Herbjørn Hansson
Nordic American Offshore Ltd. - Executive Chairman
Tel: +47 90 14 62 91

Web-site: www.nao.bm16.04.15

Press release PDF
http://hugin.info/159489/R/1911797/682203.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic American Offshore Ltd via Globenewswire

HUG#1911797

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