Summons to Extraordinary General Meeting

An Extraordinary General Meeting in Saga Tankers ASA (the "Company") will be held on 17 December 2012 at 10:00 hours (CET) at the premises of the Company at Haakon VII's gt. 1, 8th floor in Oslo, Norway.

Please see attached summons (both Norwegian and English), agenda and voting information.

Oslo, 23 November 2012

For further information, please contact:

Fredrik Platou, CEO
+47 23 11 82 74
management@sagatankers.no

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