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Teekay Declares Dividend

Maritime Activity Reports, Inc.

January 5, 2017

Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that its Board of Directors has declared a cash dividend on its common stock of $0.055 per share for the quarter ended December 31, 2016.

The cash dividend is payable on February 15, 2017 to all shareholders of record as at January 27, 2017.