Extended NAT Share Offering Earmarked for Nordic American Offshore

Monday, December 09, 2013

Nordic American Tankers Limited inform that, in connection with its previous public offering of 8,125,000 common shares at a public offering price of $8.00 per share, the underwriters have exercised a portion of the option granted to them by the Company and will purchase an additional 1,018,750 common shares on the same terms.

As previously announced, the NAT intends to use the net proceeds of this offering primarily to finance its investment in Nordic American Offshore Ltd.

The Company expects to close the sale of these additional common shares on or about December 11, 2013, subject to customary closing conditions.  Following the closing, the total net proceeds to the Company, before expenses to the Company and including net proceeds from the sale of the additional shares, will be approximately $69 million and the Company will have 75,182,001 common shares outstanding.

NAT say that the common shares are being offered pursuant the company's effective shelf registration statement.  Morgan Stanley & Co. LLC is acting as the bookrunning manager for the offering and DNB Markets Inc. and Pareto Securities Inc. are acting as co-managers of the offering.  


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