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2016-02-23

Saga Tankers ASA: Saga Tankers ASA :Mandatory notification of trade in Saga Tankers ASA - share buyback

Reference is made to the Extraordinary General Meeting of 11 February 2016
(see notice and minutes of same day) where the general meeting unanimously
authorized the board of directors to purchase up to 28 673 611 (10% of
outstanding shares) own shares in the period until the annual general meeting
in 2017.

Saga Tankers ASA has on 23 February purchased 7 million own shares on the open
market at NOK 2.47 per share. After the transaction Saga Tankers ASA owns a
total of 7 million own shares, representing 2.44% of the outstanding share
capital.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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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: Saga Tankers ASA via Globenewswire

HUG#1988639

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