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2016-02-19

Team Tankers International Ltd. : New Director

Danielle Leone, a member of the Board of Directors of Team Tankers
International Ltd. (the "Company") has resigned as Director of the Company
with effect from today. Mr. Bryce Fraser has, in accordance with the
Company's bye-laws, been appointed as a Director of the Company with effect
from today, as Danielle Leone's successor.

Mr. Bryce Fraser is a Managing Director within the distressed debt group at
Angelo, Gordon&Co. Mr Fraser joined Angelo Gordon in 2016. Previously, he
worked at Watershed Asset Management, Fortress Investment Group, Merrill
Lynch and Credit Suisse. He has a BS from Penn State University and an MBA
from the Tuck School of Business at Dartmouth.

The Board of Directors wishes to thank Danielle Leone for her significant
contribution to the successful financial restructuring of the Company and for
her guidance while serving on the Board of Directors.

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

Questions should be directed to:

Hans Feringa: President and CEO
T: +1 203 246 8110

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: Team Tankers International Ltd. via Globenewswire

HUG#1987029

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