NAT) – Delivery today from


May 13, 2022

Dear Shareholders and Investors,

Early this morning we took delivery of a new suezmax tanker from Samsung Heavy Industries in South Korea. The ship weighs around 150,000 tons and is named Nordic Harrier, which was the first NAT ship when it was listed on the New York Stock Exchange on September 15, 1995.

Our new suezmax will start a six-year contract with ASYAD Shipping Company of the Sultanate of Oman. The contract generates revenue and cash flow from the delivery of the site, creating financial stability and further anchoring in this important area.

Another new build from Samsung is coming in late June. This vessel also has a six-year contract with the Sultanate of Oman.

Our experience over many years is that everything is on schedule when the Samsung shipyard is involved.

For contacts, see at the end of this communication.

www.nat.bm

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements to encourage companies to provide forward-looking information about their businesses. Forward-looking statements include statements regarding future plans, objectives, goals, strategies, events or performance, as well as underlying assumptions and other statements, that are other than statements of historical fact.

The Company wishes to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and includes this disclaimer as part of such safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “plan”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements.

The forward-looking statements contained in this press release are based on various assumptions, many of which are based, in turn, on other assumptions, including, without limitation, our management’s review of operating trends history, data in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because they are inherently subject to important uncertainties and contingencies which are difficult or impossible to predict and which are beyond our control, we cannot guarantee that we will meet or realize those expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Important factors that we believe could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of global economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, due to changes in OPEC oil production levels and global oil consumption and storage, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, the availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability arising from pending or future litigation, national and international political conditions es general, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and non-lease events and other material factors described from time to time in reports filed by the company C with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our annual report on Form 20-F and our reports on Form 6-K.

NAT is a Bermuda-based company.

contacts:

Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391

Herbjørn Hansson, Founder, CEO
Nordic American Tankers Ltd
Tel: +1 866 805 9504

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