Nordic American Tankers Chairman & CEO, Son Buy 100K Shares

A company owned by the NAT

chairman & CEO, Herbjorn Hansson and his son, Alexander, yesterday bought $1.4 million worth of stock in NAT (100,000 shares), adding to the position as one of the largest shareholders of NAT. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matters discussed in this press release may constitute forward-looking… A company owned by the NAT chairman & CEO, Herbjorn Hansson and his son, Alexander, yesterday bought $1.4 million worth of stock in NAT (100,000 shares), adding to the position as one of the largest shareholders of NAT. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our