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Team Tankers International Ltd: The new Chief Financial Officer, Mr. Kevin Kilcullen, commenced his duties at the company today.

As part of his contract with Team Tankers International Ltd. (the "Company"),
Mr. Kilcullen has on certain conditions been granted equity awards in the
Company for his position as Chief Financial Officer. He has been granted
one million share options and four hundred thousand restricted shares in the
Company. The awards shall vest in four equal annual installments over the
first four years subject to continued employment. The first installments vest
in February 2017.

Mr. Kilcullen does not own any shares or rights to shares in the Company as of
today. After this award, the total number of shares issued under the
Company's management incentive compensation program is 4,062,834. The
Company currently has 188,482,074 shares issued and outstanding.

The Board of Directors
Team Tankers International Ltd.
Hamilton, Bermuda

Questions should be directed to:

Hans Feringa: President and CEO
T: +1 203 221 3420

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


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: Team Tankers International Ltd. via Globenewswire


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