Nordic American Offshore Ltd. Announces Pricing of Its Initial Public Offering of Its Common Shares

Nordic American Offshore Ltd. Announces Pricing of Its Initial Public Offering
of Its Common Shares

HAMILTON, Bermuda, June 11, 2014 (GLOBE NEWSWIRE) --

Press release about Nordic American Offshore Ltd.

Nordic American Offshore Ltd. (the "Company" or "NAO") announced today that it
has priced its initial public offering of5,882,352 common shares at $16.00 per
share. The Company has granted the underwriters a 30-day option to purchase up
to882,352 additional common shares to cover over-allotments.

The Company's common shares are expected to commence trading on June 12, 2014
on the New York Stock Exchange under the symbol "NAO."

The net proceeds from this offering will be approximately $86,970,574. If the
option granted to the underwriters to purchase additional common shares to
cover over-allotments is exercised in full this would increase the net
proceeds by approximately $13,270,574. The Company intends to use the net
proceeds to purchase two newbuilding platform supply vessels ("PSVs") and for
other acquisitions and general corporate purposes, including working capital.
The Company may use the balance of the net proceeds for the construction, in a
Norwegian yard, of up to three additional PSVs that are similar to the
Company's PSVs, under a letter of intent into which the Company has entered.
If the options to construct the three PSVs are exercised, the Company will
have a fleet of 11 vessels.

The offering is expected to close on June 17, 2014, subject to customary
conditions.

Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan
Securities LLC and DNB Markets, Inc. are acting as joint book-running managers
and Global Hunter Securities, LLC is acting as a co-manager for the initial
public offering.

The initial public offering is being made by means of a prospectus. A
preliminary prospectus related to the offering has been filed with the
Securities and Exchange Commission (the "SEC").Copies of the preliminary
prospectus may be obtained from: Morgan Stanley & Co. LLC at 180 Varick
Street, Second Floor, New York, New York 10014, Attention: Prospectus
Department, Credit Suisse Securities (USA) LLC, Attention: Credit Suisse
Prospectus Department, One Madison Avenue, New York, NY 10010, tel:
1-800-221-1037, Email: newyork.prospectus@credit-suisse.com, J.P. Morgan
Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 or by telephone at (866) 803-9204, or DNB Markets,
Inc. at 200 Park Avenue, 31st Floor, New York, New York 10166 or by telephone
at (212) 681-3800.

A registration statement relating to these securities has been filed with and
declared effective by the SEC. The registration statement is available on the
SEC's website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any securities issuable pursuant to the registration
statement, nor will there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state
or jurisdiction.

About the Company

Nordic American Offshore Ltd. is an international offshore supply vessel
company, which owns eight platform supply vessels, of which two are
newbuildings to be delivered in January 2015, at the earliest. The common
shares of the Company are currently listed on the Norwegian OTC list.

Forward-Looking Statements

This press release contains "forward-looking statements." Statements that are
predictive in nature, that depend upon or refer to future events or
conditions, or that include words such as "expects," "anticipates," "intends,"
"plans," "believes," "estimates," "projects," "forecasts," "may," "should" and
similar expressions are forward-looking statements. These statements are not
historical facts but instead represent only the Company's belief regarding
future results, many of which by their nature are inherently uncertain and
outside of the Company's control.Actual results may differ, possibly
materially, from those anticipated in these forward-looking statements.For a
discussion of some of the risks and important factors that could affect future
results, see the discussion in the Company's registration statement, as
amended, under the heading "Risk Factors." The Company does not assume any
obligation to update the information contained in this press release.

Contact Information:

Tor-Øyvind Bjørkli, Chief Executive Officer
Nordic American Offshore Ltd.
Tel: +47 90 62 70 14

Turid M. Sørensen, Chief Financial Officer
Nordic American Offshore Ltd.
Tel: +47 90 57 29 27

Jacob Ellefsen, Manager, IR and Research, Monaco
Nordic American Offshore Ltd.
Tel: + 377 93 25 89 07 or + 33 678 631 959

Gary J. Wolfe
Seward & Kissel LLP, New York, New York, USA
Tel: +1 212 574 1223

Herbjørn Hansson, Executive Chairman
Nordic American Offshore Ltd.
Tel:+1 866 805 9504 or + 47 901 46 291

Press release (PDF): http://hugin.info/201/R/1792304/616874.pdf

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