NAT) “ NAT Non-Executive Vice Chairman, Alexander Hansson buys more shares Via Investing.com

Tuesday, October 22, 2024

Dear shareholders and investors,

Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, Founder, Chairman and CEO, today purchased 50,000 shares in NAT at $3.4851 per share.

Following this purchase, Monaco-based Alexander Hansson privately owns 3,200,000 shares in NAT.

As in the past, the Hansson family is the largest group of shareholders in the company.

For contacts, please see the end of this link.

Sincerely,

Herbjorn Hansson

Founder, Chairman and CEO

Nordic American Tankers Ltd. www.nat.bm

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

The matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protection for forward-looking statements to encourage companies to provide potential information about their business. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events or performance, and basic assumptions and other statements, which are other than statements of historical fact.

The Company wishes to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement regarding this safe harbor rule. The words believe, expect, target, estimate, forecast, project, plan, may, could, should, expect, expect and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based on various assumptions, many of which are based, in turn, on additional assumptions, including without limitation, our management's assessment of historical operating trends, data contained in our records and other available information. third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are subject to significant uncertainties and contingencies that are difficult or impossible to predict and beyond our control, we cannot guarantee that we will achieve or achieve these expectations, beliefs or estimates. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Important factors, in our opinion, that could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of the country's economy and finances, general market conditions, including fluctuations in charter rates and vessel prices, changes required in the tanker market, due to changes in OPEC oil production levels and global oil consumption and storage, changes in our operating costs, including bunker prices, drydocking and insurance costs, the market for our vessels, financing and refinancing, changes in government laws and regulations or actions taken by regulatory authorities, our potential liability pending or upcoming lawsuits, general domestic and international political conditions, possible disruption of shipping lanes due to accidents or political events, shipwrecks and layoffs and other important factors. described from time to time in reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.

Contacts:

Bjørn Giæver, CFO
Nordic American Tankers Ltd
Phone: +1 888 755 8391

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Phone: +47 91 724 171

Source: Nordic American Tankers Limited