Nordic American Tankers Limited (NYSE: NAT) - Declaration of

Nordic American Tankers Limited (NYSE: NAT) - Declaration of
Dividend; Expansion Plans 
HAMILTON, BERMUDA -- (Marketwire) -- 01/17/13 --  Nordic American
Tankers Ltd. (NYSE: NAT) (the "Company") today announced that its
Board of Directors has declared a dividend of $0.16 for the fourth
quarter of 2012. The Company is assessing expansion plans including
ordering of new vessels from shipyards or buying second hand vessels
at historically low prices. The level of the declared dividend should
be seen in the context of a planned fleet expansion. Expansion is
essentially the same as investing in the future. However, also yield
is a priority as demonstrated by this payment of dividend for the
62nd consecutive quarter since the autumn of 1997. 
The record date is expected to be January 30, 2013 and the payment of
dividend is expected to take place on or about February 13, 2013. 
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation Reform
Act of 1995 provides safe harbor protections for forward-looking
statements in order to encourage companies to provide prospective
information about their business. Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other
statements, which are other than statements of historical facts. 
The Company desires to take advantage of the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 and is
including this cautionary statement in connection with this safe
harbor legislation. The words "believe," "anticipate," "intend,"
"estimate," "forecast," "project," "plan," "potential," "will,"
"may," "should," "expect," "pending" and similar expressions identify
forward-looking statements. 
The forward-looking statements in this press release are based upon
various assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because
these 
assumptions are inherently subject to significant uncertainties
and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections. We undertake
no obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise. 
Important factors that, in our view, could cause actual results to
differ materially from those discussed in the forward-looking
statements include the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates
and vessel values, changes in demand in the tanker market, as a
result of changes in OPEC's petroleum production levels and world
wide oil consumption and storage, changes in our operating expenses,
including bunker prices, drydocking and insurance costs, the market
for our vessels, availability of financing and refinancing, changes
in governmental rules and regulations or actions taken by regulatory
authorities, potential liability from pending or future litigation,
general domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events,
vessels breakdowns and instances of off-hires and other important
factors described from time to time in the 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. 
Press Release (PDF): http://hugin.info/201/R/1671153/543212.pdf  
Contacts:
Scandic American Shipping Ltd 
Manager for:
Nordic American Tankers Limited
P.O Box 56, 3201 Sandefjord, Norway
Tel: + 47 33 42 73 00
E-mail: nat@scandicamerican.com  
Rolf Amundsen
Head of Investor Relations, Norway
Nordic American Tankers Limited
Tel: +1 800 601 9079 or + 47 908 26 906 
Jacob Ellefsen
Head of Research, Monaco
Nordic American Tankers Limited
Tel: + 377 93 25 89 07 or + 33 678 631 959 
Turid M. Sorensen
EVP & CFO, Norway
Nordic American Tankers Limited
Tel: +47 33 42 73 00 or +47 90 57 29 27 
Gary J. Wolfe
Seward & Kissel LLP, New York, USA
Tel: +1 212 574 1223 
Herbjorn Hansson
Chairman and CEO
Nordic American Tankers Limited
Tel: +1 866 805 9504 or + 47 901 46 291 
 
 
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