Nordic American Tanker Shipping Limited (NYSE:NAT) Annual General Meeting of Shareholders

 

Hamilton, Bermuda, June 26, 2008.

 

Nordic American Tanker Shipping Ltd. (the "Company") today announced that the 2008 Annual General Meeting of the Company was held on June 23, 2008 at 10:00 a.m. in Hamilton, Bermuda.  The following resolutions were passed:

1. Election of a total of seven directors to serve until the next Annual General Meeting of Shareholders;
2. Approval of the appointment of Deloitte AS as the Company's independent auditors for the fiscal year ending December 31, 2008; 
3. The ratification and approval of the reduction of the Company's paid up share capital of the Company. The reduction will be credited to the Company's Contributed Surplus account. Going forward this transaction will facilitate payment of dividends under Bermuda law in accordance with the full dividend policy of the Company.

More than 95% of the shares voting on each item voted in favour of the above proposals.

 

 

 

 

Scandic American Shipping Ltd 

Manager for:

Nordic American Tanker Shipping Limited

P.O Box 56, 3201 Sandefjord, Norway

Tel: + 47 33 42 73 00 E-mail:  nat@scandicamerican.com

 

Rolf Amundsen, Investor Relations
Nordic American Tanker Shipping Limited
Tel: +1 800 601 9079 or + 47 908 26 906

 

Gary J. Wolfe

Seward & Kissel LLP, New York, USA

Tel: +1 212 574 1223

 

Turid M. Sørensen, CFO

Nordic American Tanker Shipping Limited

Tel:  + 47 33 42 73 00 or + 47 905 72 927

 

Herbjørn Hansson, Chairman and Chief Executive Officer

Nordic American Tanker Shipping Limited

Tel:  +1 866 805 9504 or + 47 901 46 291