SAGA TANKERS - CONTEMPLATED EQUITY OFFERING OF UP TO NOK 70 MILLION
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, SELL OR SUBSCRIBE FOR ANY SECURITIES DESCRIBED HEREIN. Oslo, 20 October 2020 Saga Tankers ASA ("SAGA" or the "Company") (OSE: "SAGA") is contemplating an equity offering to raise up to NOK 70 million through issuance of new shares (the "Offer Shares"), each share at a fixed