DHT Holdings, Inc. announces agreements for two newbuilding VLCCs

DHT Holdings, Inc. announces agreements for two newbuilding VLCCs

HAMILTON, Bermuda, Dec. 2, 2013 (GLOBE NEWSWIRE) -- DHT Holdings, Inc.
(NYSE:DHT) ("DHT" or the "Company") today announced that it has reached an
agreement with Hyundai Heavy Industries Co., Ltd. ("HHI") in South Korea for
the construction of two very large crude carriers ("VLCCs") with a contract
price of $92.7 million each, including certain additions and upgrades to the
standard specification. The vessels are 300,000 deadweight tons ("dwt") and
will be delivered in July and September 2016, respectively. Further, the
Company has an option for a third VLCC at the same price for delivery in the
fourth quarter of 2016 if a firm contract is entered into.

About DHT Holdings, Inc.

DHT  is  an   independent  crude   oil  tanker  company.   Our  fleet   trades 
internationally and consists  of crude oil  tankers in the  VLCC, Aframax  and 
Suezmax segments. We  operate out of  Oslo, Norway, through  our wholly  owned 
management company. You shall  recognize us by our  business approach with  an 
experienced organization  with focus  on first  rate operations  and  customer 
service, quality ships built at  quality shipyards, prudent capital  structure 
with robust cash break  even levels to accommodate  staying power through  the 
business cycles, a combination of  market exposure and fixed income  contracts 
for our fleet  and a  clean corporate structure  maintaining a  high level  of 
integrity and good governance. For further information: www.dhtankers.com.

Forward Looking Statements

This press release contains assumptions, expectations, projections, intentions
and beliefs about future events, in particular regarding daily charter rates,
vessel utilization, the future number of newbuilding deliveries, oil prices
and seasonal fluctuations in vessel supply and demand. When used in this
document, words such as "believe," "intend," "anticipate," "estimate,"
"project," "forecast," "plan," "potential," "will," "may," "should" and
"expect" and similar expressions are intended to identify forward-looking
statements but are not the exclusive means of identifying such statements.
These statements reflect the Company's current views with respect to future
events and are based on assumptions and subject to risks and uncertainties.
Given these uncertainties, you should not place undue reliance on these
forward-looking statements. These forward-looking statements represent the
Company's estimates and assumptions only as of the date of this press release
and are not intended to give any assurance as to future results. For a
detailed discussion of the risk factors that might cause future results to
differ, please refer to the Company's Annual Report on Form 20-F, filed with
the Securities and Exchange Commission on April 29, 2013.

The Company  undertakes  no  obligation  to  publicly  update  or  revise  any 
forward-looking statements  contained  in this  press  release, whether  as  a 
result of new information, future events  or otherwise, except as required  by 
law.  In  light   of  these   risks,  uncertainties   and  assumptions,   the 
forward-looking events discussed in  this press release  might not occur,  and 
the Company's actual results could differ materially from those anticipated in
these forward-looking statements.

CONTACT:

Eirik Ubøe, CFO

Phone: +1 441299 4912 and +47 412 92 712

E-mail: eu@dhtankers.com

HUG#1747004
 
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