SAGA TANKERS ASA: DETAILED STOCK EXCHANGE ANNOUNCEMENT REGARDING DEMERGER OF CERTAIN ASSETS OWNED BY FERNCLIFF TIH 1 AS
Reference is made to the stock exchange notice dated 23 July 2014 regarding the signing of a demerger plan between Saga Tankers ASA ("Saga" or the "Company") and Ferncliff TIH 1 AS ("Ferncliff"). Reference is furthermore made to the notice of the extraordinary general meeting of the Company and the documentation accompanying the notice (published on the Company's website www.sagatankers.no). A detailed stock exchange notice is hereby released in compliance with the requirements pursuant to section 3.4 of the continuing obligations for companies listed on the Oslo Axess. An information