Reference is made to the press release dated 4 September 2012 and Mr. Øystein Stray Spetalen's mandatory offer to acquire the shares in Saga Tankers ASA at NOK 2.40 per share.
Pursuant to the Norwegian Securities Trading Act §6-16 (4), please see the enclosed fairness opinion written by Pareto Securities AS concerning the offer price.
Oslo, 25 September 2012
Investor relations:
Fredrik Platou, CEO
+47 23 11 82 74
management@sagatankers.no
This information is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.
