FSA finds no reason to require that a mandatory bid be made

Stock Exchange Release no. 28
Made public via OMX on 16 October 2008

FSA finds no reason to require that a mandatory bid be made 

The company has just received, from Chairman of the Board Steen Bryde, the
Danish Financial Supervisory Authority's draft decision on whether Steen Bryde
is obliged to make a takeover bid to the remaining shareholders of the company
under section 31 (1), para. 5, of the Danish Securities Trading Act. 

The Danish Financial Supervisory Authority finds that neither Brydegruppen ApS
nor Steen Bryde should be required to make such a bid. 

The Danish Financial Supervisory Authority finds that Steen Bryde, Brydegruppen
ApS, acted in concert with Stratos Gruppen ApS and that they collectively held
32.28% of the voting rights in Nordic Tankers A/S at the annual general meeting
on 23 April 2008. These voting rights comprise both votes in the form of
directly owned shares and any shares controlled via option agreements with
other investors. 

Moreover, the Danish Financial Supervisory Authority finds that due to the
composition of the shareholder base Steen Bryde obtained a controlling
influence at the general meeting with acceptance from 41.1% of the total number
of votes.  However, the Danish Financial Supervisory Authority finds no reason
to believe that this influence was obtained through the acquisition of more
than 1/3 of the company's voting rights by Steen Bryde or persons acting in
concert with him. 

 Following a consultation period ending on 5 November 2008, the Danish
Financial Supervisory Authority will present its decision to the Danish
Securities Council for final decision. 

The management of Nordic Tankers A/S welcomes the Danish Financial Supervisory
Authority's decision and looks forward to producing a calmer atmosphere about
the ownership structure of the company and increasing focus on the future
development. 


For further information:
Chairman of the Board Steen Bryde, tel.: +45 38 32 10 00



Forward-looking statements
This announcement contains forward-looking statements reflecting management's
current perception of future trends and financial performance. Statements
relating to 2008 are inherently subject to uncertainty and Nordic Tankers'
actual results may thus differ from expectations. Factors that may cause actual
results to differ from expectations include, but are not limited to, changes in
macroeconomic and political conditions - especially on the company's main
markets, changes in Nordic Tankers' freight rate assumptions and operating
expenses, volatility of rates and vessel prices, regulatory changes, possible
disruptions of traffic and operations resulting from outside events, etc.  This
announcement does not constitute an invitation to buy or sell shares in Nordic
Tankers A/S.