Saga Tankers ASA : APPROVAL OF INFORMATION MEMORANDUM

Reference is made to the stock exchange notice dated 26 February 2015 regarding a merger between Saga Invest Holding AS and Strata Marine & Offshore AS, with settlement in shares in Saga Tankers ASA (the "Transaction" and the "Company") and the detailed stock exchange announcement regarding the Transaction dated 4 March 2015.

An information document relating to the Transaction has been prepared by the Company and approved by Oslo Børs on 13 April 2015.

The information document is enclosed hereto and will also be available at the Company's website, www.sagatankers.no.

For further information, please contact:

CEO Espen Lundaas
+47 92 43 14 17