Company announcement No. 1/2012

Published via NASDAQ OMX on 27 March 2012



  -- Nordic Tankers has today entered into a conditional agreement to sell its
     chemical tanker activities including the organisation for USD 30 million to
     a company controlled by Triton, a European investment firm.



  -- The sale is a result of discussions between Nordic Tankers and its banks
     driven by the high debt position in Nordic Tankers and continuing low
     freight rates.



  -- Nordic Tankers will in the future be a tonnage provider with a fleet of six
     product tankers in the range 37,000-73,000 dwt.



  -- A moratorium on deferred and ordinary instalments payable until 31 March
     2013 has been agreed for the product tanker fleet subject to certain
     conditions.



  -- The listed company will change its name from “Nordic Tankers A/S” to
     “Nordic Shipholding A/S”.



For the full wording, kindly see the attachment.