Summons to annual general meeting

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The annual general meeting in Saga Tankers ASA will take place on 3 May 2012 at 10.00hrs (CET) at the premises of the Company at Haakon VIIs gate 1, 8th floor in Oslo, Norway.

Shareholders may submit their votes electronically in advance. Please see the instructions in the notice.

Please find the enclosed Notice of Annual General Meeting. The Notice and the corresponding attachments will be available on the company's webpage www.sagatankers.no under "Investor Relations".

Oslo, 11 April 2012

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