Chairman Herbjorn Hansson Purchases 100,000 Shares of NAT

Herbjorn Hansson Shows Confidence in Nordic American Tankers

Dear Shareholders and Investors,

Recently, I made a notable investment by purchasing 100,000 shares of Nordic American Tankers Ltd (NYSE: NAT) at a price of USD 2.6129 per share. This action underscores my unwavering commitment to the company and its future growth.

This latest acquisition increases the Hansson family's stake in Nordic American Tankers to a total of 8,150,000 shares, solidifying our position as the largest private shareholder group within the company. This significant investment reflects my belief in the company's potential and the strength of its market positioning.

Family Stake in Nordic American Tankers

Among the family shareholders, my son, Alexander Hansson, based in Monaco, holds 3,600,000 shares of NAT. Our collective investment demonstrates our confidence in the company and our commitment to its success. It is crucial for shareholders to feel assured about the financial health and future prospects of the businesses in which they invest.

Why Investing Matters

Investing in your own company can speak volumes about the leadership's confidence in its strategy and vision. As a founder and CEO, my decision to invest is not only a personal commitment but a signal to the market that we anticipate positive developments in the tanker industry.

With this investment, we reinforce our dedication towards growth and value creation for all stakeholders in Nordic American Tankers.

Insight into Nordic American Tankers' Market Position

The world of tankers and shipping is intricate and involves numerous variables—ranging from the consistency of global economies to fluctuating oil demands. As such, our strategic positioning and readiness to adapt to market changes is essential.

Key Market Considerations

Several factors can influence tanker operations, including:

• The current state of world economies and currencies.
• General market conditions, such as volatility in charter rates and vessel values.
• Shifts in demand within the tanker sector associated with OPEC's production levels.
• Operating expenses, especially those related to fuel prices and insurance.
• The competitive landscape for vessel operations.

Being proactive and staying informed about these factors will help us navigate challenges and leverage opportunities as they arise.

Contact Information for Further Inquiries

If you have any questions or need further information, please do not hesitate to reach out to our corporate finance team. We encourage investor engagement and welcome all inquiries as we work together toward our shared goals.

Contact Executives:

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

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

Frequently Asked Questions

What prompted Herbjorn Hansson to buy more NAT shares?

Herbjorn Hansson's purchase of 100,000 shares reflects his confidence in the company's future and commitment to its growth strategy.

How many shares does the Hansson family own in total?

Following the recent purchase, the Hansson family collectively owns 8,150,000 shares of Nordic American Tankers.

What is the significance of Alexander Hansson's shareholding?

Alexander Hansson holds 3,600,000 shares, indicating strong family support and investment in the company alongside the founder.

How do market conditions affect Nordic American Tankers?

Market conditions impact charter rates, vessel values, and overall demand for tanker services, all of which influence company performance.

Who can I contact for more information about Nordic American Tankers?

For inquiries, you can reach out to CFO Bjørn Giæver or Finance Manager Alexander Kihle via their provided contact details.

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