Nordic American Tankers Ltd (NYSE: NAT) – An active period going forward

Wednesday, February 5, 2025

Dear Shareholders and Investors,

A major project for 2025 is to renew and grow our fleet. We plan to buy two or three ships and to sell two or three.

As a first step, last week we agreed to sell one of our suezmaxes, built in 2003, which will net our company USD 22.5 million and thus strengthen our balance sheet. The buyer will take over the vessel in Q1 2025.