Saga Tankers ASA- Mandatory notification of trade by primary insiders

Hanekamb Invest AS, a company controlled by Martin Nes, chairman of Saga Tankers ASA, has on 27 August 2019 purchased 500 000 shares in Saga Tankers ASA at NOK 0.95 per share. After the transaction, Martin Nes and associated companies have a total holding of 1 000 000 shares in Saga Tankers ASA, corresponding to 0,38 % of the total outstanding shares.

EL Investment AS, a company controlled by Espen Lundaas, CEO of Saga Tankers ASA, has on 27 August 2019 purchased
1 000 000 shares in Saga Tankers ASA at NOK 0.95 per share. After the transaction, Espen Lundaas and associated companies have a total holding of 1 000 000 shares in Saga Tankers ASA, corresponding to 0.38 % of the total outstanding shares.

Tore Jakob Berg, CFO of Saga Tankers ASA, has on 27 August 2019 purchased 500 000 shares in Saga Tankers ASA at NOK 0.95 per share. After the transaction, Tore Jakob Berg have a total holding of 500 000 shares in Saga Tankers ASA, corresponding to 0.19 % of the total outstanding shares.

This information is subject to the disclosure requirements set out in section 5-12 of the Norwegian Securities Trading Act.