Completed sale of Saga Julie

Saga Tankers ASA has today completed the sale of Saga Julie and delivered the vessel to its new owners. The net sales proceeds including the value of bunkers and lubes, a total of USD 32.3 million, will be used to deleverage the Company.

Oslo, 3 November 2011

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