Mandatory Notification of Trade – Yvonne Sandvold

Reference is made to the stock exchange notice from Saga Tankers ASA (the " Company ") dated 20 October 2020 regarding completion of a private placement of new shares in the Company (the " Private Placement ").YLS Næringseiendom AS, a company controlled by Yvonne Litsheim Sandvold, director and primary insider, has on 20 October 2020 acquired 1,538,000 shares in the Company in the Private Placement at a price of NOK 1.30 per share.After the transaction, Yvonne Litsheim Sandvold and...

Reference is made to the stock exchange notice from Saga Tankers ASA (the "Company") dated 20 October 2020 regarding completion of a private placement of new shares in the Company (the "Private Placement").

YLS Næringseiendom AS, a company controlled by Yvonne Litsheim Sandvold, director and primary insider, has on 20 October 2020 acquired 1,538,000 shares in the Company in the Private Placement at a price of NOK 1.30 per share.

After the transaction, Yvonne Litsheim Sandvold and associated companies have a holding of 1,538,000 shares in the Company.

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