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Thursday, 11/10/2022 7:58:39 AM

Thursday, November 10, 2022 7:58:39 AM

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Nordic American Tankers Ltd (NYSE: NAT) – 3Q 2022 dividend announcement
Thursday, November 10, 2022

Dear Shareholders and Investors,

Our 3Q 2022 earnings will be released November 30, 2022 before NYSE opening. A guidance for the NAT performance for 4Q 2022 will also be provided in the release.

For 3Q 2022 the Board of NAT is declaring a 5 cent dividend ($0.05) per share. This reflects both favorable markets for our ships and the company's bedrock belief in dividends.

This dividend marks our 101st consecutive quarterly dividend. It will be paid Tuesday, December 20, 2022, to shareholders on record Tuesday, December 6, 2022.

As previously announced, the NAT Annual General Meeting is being held November 17, 2022 and will follow the standard procedures of previous AGMs.

The prospects are good for increased dividends going forward.

For contacts, please see at the end of this communication.

Best regards,

Herbjorn Hansson
Founder, Chairman & CEO
Nordic American Tankers Ltd.
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