An Extraordinary General Meeting in Saga Tankers ASA will take place on 21 October 2010 at 09:00 hrs (CET) at the premises of the Company at Haakon VII gt. 1, 8^th floor in Oslo.

 

The Board has proposed the following agenda:

 

1.            Opening of the general meeting by Einar J. Greve
2.            Election of Einar J. Greve to lead the general meeting
3.            Election of a person to co-sign the minutes from the General Meeting together with the   chairman of the meeting
4.            Approval of the summons and agenda
5.            Proposal for a reduction of the share premium fund. The reduced amount will be transferred to Other Equity.

 

 

Voting guidance

 

Shareholders may submit their votes electronically in advance by logging on to www.sagatankers.no under the Investors Relations section. Please follow the instructions.

 

If you are not already pre-registered with "Investortjenester" as described in the proxy form, you will be sent the PIN CODE and REFERENCE number by postal mail so that you can submit your votes electronically by logging into www.sagatankers.no. Please note electronic voting requires the investor to use his/hers PIN CODE and REFERENCE number.

 

Shareholders who are unable to attend the General Meeting, or unable to use electronic voting, may submit a proxy to a person of their own choice or to the Chairman of the meeting. Shareholders or persons acting under a proxy who wants to participate in the General Meeting must notify the company beforehand. The notification regarding participation or proxy must be received at the latest by 20 October 2010 at 12:00 CET.

 

Additional information regarding item 5.)  together with a notice of attendance/proxy are attached.

 

Oslo, 28.  September 2010

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)