Mandatory Notification of Trade – Espen Lundaas

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 ").EL Investment AS, a company controlled by CEO and primary insider of the Company, Espen Lundaas, has on 20 October 2020 acquired 850,000 shares in the Company in the Private Placement at a price of NOK 1.30 per share.After the transaction, Espen Lundaas and associated companies have...

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").

EL Investment AS, a company controlled by CEO and primary insider of the Company, Espen Lundaas, has on 20 October 2020 acquired 850,000 shares in the Company in the Private Placement at a price of NOK 1.30 per share.

After the transaction, Espen Lundaas and associated companies have a holding of 1,850,000 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