Nordic American Tankers Limited Announces Underwriters' Exercise of Option to Purchase Additional Shares

Nordic American Tankers Limited Announces Underwriters' Exercise of Option to
Purchase Additional Shares

HAMILTON, Bermuda, Dec. 9, 2013 (GLOBE NEWSWIRE) -- Nordic American Tankers
Limited (NYSE:NAT)(the "Company") announced today that, in connection with
its previously announced public offering of 8,125,000 common shares at a
public offering price of $8.00 per share, the underwriters exercised a portion
of the option granted to them by the Company and will purchase an additional
1,018,750 common shares on the same terms on which the 8,125,000 common shares
were sold to the underwriters. The common shares are being offered pursuant to
the Company's effective shelf registration statement. Morgan Stanley & Co. LLC
is acting as the bookrunning manager for the offering and DNB Markets Inc. and
Pareto Securities Inc. are acting as co-managers of the offering.

The Company expects to close the sale of these additional common shares on or
about December 11, 2013, subject to customary closing conditions. Following
the closing, the total net proceeds to the Company, before expenses to the
Company and including net proceeds from the sale of the additional shares,
will be approximately $69 million and the Company will have 75,182,001 common
shares outstanding.

As previously announced, the Company intends to use the net proceeds of this
offering primarily to finance its investment in Nordic American Offshore Ltd.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale is
unlawful. The offering is being made by means of a prospectus and related
prospectus supplement. Copies of the prospectus and prospectus supplement
relating to the offering may be obtained from the offices of Morgan Stanley &
Co. LLC at 180 Varick Street, Second Floor, New York, New York 10014,
Attention: Prospectus Department.

About the Company

The Company is an international tanker company that owns 20 double-hull
Suezmax tankers.

          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, vessel 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/1748754/589067.pdf

CONTACT: 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
        
         Jacob Ellefsen,
         Manager, Investor Relations and Research, Monaco
         Nordic American Tankers Limited
         Tel: + 377 93 25 89 07 or + 33 678 631 959
        
         Rolf Amundsen, Advisor, Norway
         Nordic American Tankers Limited
         Tel: +1 800 601 9079 or + 47 908 26 906
        
         Turid M. Sorensen, CFO & EVP, 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

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