NAO's Quarterly Dividend Unchanged

The board of directors at Nordic American Offshore Ltd. have declared a dividend of $0.45 per common share for the fourth quarter of 2014.

This is the same as for the first three quarters of 2014 for this newly established company which was stock listed on NYSE June 12, 2014. The payment of dividend is expected to take place on or about February 5, 2015 to shareholders of record as of January 22, 2015.

NAO expects to release its 4Q2014 earnings report before NYSE opens February 3, 2015.

NAO has adopted the main elements of the strategy of the stock listed Nordic American Tankers Limited (NYSE:NAT), including quarterly dividend payments.