Nordic American Tankers

Hamilton, Bermuda, June 29, 2009.

 

Nordic American Tanker Shipping Ltd. (the “Company”) today announced the official results of its 2009 Annual General Meeting, held on June 19, 2009 at 10:00 a.m. in Hamilton, Bermuda.  The following resolutions were approved:

 

1.   All of the nominees of the Board of Directors were approved to serve until the next Annual General Meeting of Shareholders;

2.   The Company’s Board of Directors was expanded by an additional two seats, which at this time are not filled but which may be used by the board at a later time;

3.   The reduction of the paid up share capital of the Company was approved. 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; and

4.   Deloitte AS was approved as the Company’s independent auditors for the fiscal year ending December 31, 2009.

 

More than 90% of the shares voting on each item voted in favor 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