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Disclosure of large shareholding

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Through his wholly owned group subsidiaries Spencer Trading Inc and Blystad Shipholding Inc ("the Blystad Group Companies"), Arne Blystad owns 26,279,009 shares in Saga Tankers ASA. This represents 30,28% of the total amount of shares outstanding in Saga Tankers ASA.

The Blystad Group Companies has today sold 26,279,009 shares in Saga Tankers ASA at a price of NOK 2.40 per share. Following this transaction, the Blystad Group Companies has sold all shares in Saga Tankers ASA. This information is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.

Oslo, 15/1-2013

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