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August 14, 2019 Team Tankers International Ltd. Announces 2 nd Quarter 2019 Results 2 nd Quarter 2019 results Team Tankers International Ltd. (OSE: TEAM) reported EBITDA for the 2 nd quarter of $11.8 million, compared with $14.0 million in the 1 st quarter of 2019 (Q2'18: $6.7 million). Net loss in the 2 nd quarter of 2019 was $17.4 million, compared with a net loss of $7.9 million in the 1 st quarter of 2019 (Q2'18 net income: $4.4 million). The average time charter equivalent rate for the...

Team Tankers International Ltd. will host a call to announce 2nd quarter 2019 earnings results on 14 August 2019 at 16:00 CEST (10:00am EDT). Connection details are as follows: Web Link: https://globalmeet.webcasts.com/starthere.jsp?ei=1252802&tp_key=1757259f45 Participant Passcode: 7082500 Dial-numbers: Location Purpose Phone Type Phone Number Denmark Dial-in Tollfree/Freephone 80 70 16 25 Denmark, Copenhagen Dial-in Local +45 35 15 80 49 Norway Dial-in Tollfree/Freephone 800 51084 Norway, Oslo...

As previously announced on 1 September 2015, Mr. Morten Arntzen, Executive Chairman of Team Tankers International Ltd. (the "Company"), has on certain conditions been granted equity awards in the Company as a part of his long term incentive program. Mr. Arntzen has today received 294,503 shares (the "Vested Shares"). Mr. Arntzen has not paid any cash consideration for the Vested Shares. Following the distribution of the Vested Shares, Mr. Arntzen is the owner of 824,609 shares. The Company has...

Team Tankers International Ltd. ("TEAM") announced today that Jens Gisle Schnelle has been promoted to Chief Financial Officer, effective immediately. Mr. Schnelle was appointed to acting Chief Financial Officer in April of this year, succeeding Kevin M. Kilcullen. Mr. Schnelle previously held the position as Head of Financial Planning and Analysis and was primarily responsible for strategic initiatives and managing financing relationships. Questions should be directed to: Hans Feringa:...

Reference is made to the 1st Quarter 2019 Results announcement made earlier today. On page 3, under the section "Balance sheet and Cash Flow as of 31 March 2019" there was a typographical error in the third paragraph, second line. The line should read "The Company has an additional $20.0 million undrawn under the revolving credit facility". The 1st quarter 2019 financial report, with the above typo corrected, is attached hereto. Questions should be directed to Hans Feringa, President and CEO T:...

May 14, 2019 Team Tankers International Ltd. Announces 1 st Quarter 2019 Results 1 st Quarter 2019 results Team Tankers International Ltd. (OSE: TEAM) reported EBITDA for the 1 st quarter of $14.0 million, compared with $2.8 million in the 4 th quarter of 2018 (Q1'18: $2.5 million). Net loss in the 1 st quarter of 2019 was $7.9 million, compared with a net loss of $36.4 million in the 4 th quarter of 2018 ($18.4 million excluding a $18.0 million vessel impairment charge recognized in the...

The Annual General Meeting of Team Tankers International Ltd. was held today, 13 May 2019, at the Hamilton Princess Hotel, 76 Pitts Bay Road, HM08, Bermuda. All resolutions were adopted in accordance with the proposals set out in the notice of the meeting distributed on 17 April 2019. The minutes of the Annual General Meeting are attached hereto. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Team Tankers AGM Minutes...

In connection with his appointment as Acting Chief Financial Officer of Team Tankers International Ltd., Mr. Jens Gisle Schnelle has been granted two hundred thousand (200,000) restricted shares in the Company. The awards shall vest in July 2020 subject to continued employment. After this grant, Mr. Schnelle holds (1) 1,075 shares in the Company and (2) the right to acquire 200,000 restricted shares in the Company. To date, Team Tankers International Ltd. has issued a total of 209,578,173 shares...

The 2019 Annual General Meeting for Team Tankers International Ltd. will be held on May 13, 2019 in Hamilton, Bermuda. A copy of the Notice is attached and available on our website. The Board of Directors Team Tankers International Ltd. Hamilton, Bermuda Questions should be directed to: Hans Feringa, President and CEO T: +1 203 341 3600 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. TEAM Notice of AGM 2019 This...

The Board of Directors of Team Tankers International Ltd. has today approved the Company's Annual Report for 2018. The report is attached to this email and can also be downloaded from the Company's website: www.teamtankers.com. The Board of Directors Team Tankers International Ltd. Hamilton, Bermuda Questions should be directed to: Hans Feringa, President and CEO T: +1 203 341 3600 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities...

Mr. Kevin Kilcullen today tendered his resignation as Chief Financial Officer of Team Tankers International Ltd. (the "Company") to pursue another professional opportunity. The resignation will take effect on April 17, 2019 and he will continue with the Company until that date to ensure an orderly transition. Mr. Jens Gisle Schnelle, currently Head of Financial Planning and Analysis, will be promoted to acting Chief Financial Officer of the Company as of April 18, 2019, succeeding Mr. Kevin...

As previously announced in February 2016 and amended in July 2018, Mr. Kevin Kilcullen, Chief Financial Officer of Team Tankers International Ltd. (the "Company"), has on certain conditions been granted equity awards in the Company as a part of his long-term incentive program. Mr. Kilcullen has today received 135,000 shares (net of taxes paid) (the "Vested Shares"). Mr. Kilcullen has not paid any cash consideration for the Vested Shares. Following the distribution of the Vested Shares, Mr....

Please find attached the Team Tankers International Ltd. 3rd quarter 2018 earnings presentation. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Team Tankers 3Q 2018 Earnings Presentation This announcement is distributed by West Corporation on behalf of West Corporation clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information...

November 14, 2018 Team Tankers International Ltd. Announces 3 rd Quarter 2018 Results 3 rd Quarter 2018 results Team Tankers International Ltd. (OSE: TEAM) reported EBITDA for the 3 rd quarter of $0.7 million, compared with $6.7 million in the 2 nd quarter of 2018 (Q3'17: $4.6 million). Net loss in the 3 rd quarter of 2018 was $14.5 million compared with a net income of $4.4 million in the 2 nd quarter of 2018 (Q3'17 net loss: $36.3 million). The average time charter equivalent rate for the...

As previously announced on 1 September 2015, Mr. Hans Feringa, President and CEO of Team Tankers International Ltd. (the "Company"), has on certain conditions been granted equity awards in the Company as a part of his long term incentive program. Mr. Feringa has today received 282,723 shares (net post tax) (the "Vested Shares"). Mr. Feringa has not paid any cash consideration for the Vested Shares. Following the distribution of the Vested Shares, Mr. Feringa holds (1) 1,319,374 shares in the...

Team Tankers International Ltd. (the " Company ") has today reappointed Mr. Hans Feringa as the President and CEO of the Company for a four-year period ending on August 31, 2022. As part of his long-term incentive program, Mr. Feringa has today been granted (1) an award of options to purchase 4,500,000 shares in the Company (" Options ") and (2) 2,000,000 restricted shares (" Restricted Shares "). The Options have the following exercise prices and vesting schedules: 1,500,000 options with...

Please find attached the Team Tankers International Ltd. 2nd quarter 2018 earnings presentation. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Team Tankers 2Q 2018 Earnings Presentation This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the...

August 16, 2018 Team Tankers International Ltd. Announces 2 nd Quarter 2018 Results 2 nd Quarter 2018 results Team Tankers International Ltd. (OSE: TEAM) reported EBITDA for the 2 nd quarter of $6.7 million, compared with $2.5 million in the 1 st quarter of 2018 (Q2'17: $3.1 million). Net income in the 2 nd quarter of 2018 was $4.4 million compared with a net loss of $7.3 million in the 1 st quarter of 2018 (Q2'17 net loss: $7.1 million). The average time charter equivalent rate for the fleet...

Reference is made to the stock exchange announcement made by Team Tankers International Ltd ("Team Tankers" or the "Company) on 4 April 2018 regarding the closing of the Company's acquisitions of all of the outstanding shares in each of Laurin Shipping AB and Anglo-Atlantic Steamship Company Ltd. The final purchase prices payable for the shares in Laurin Shipping AB and Anglo-Atlantic Steamship Company Ltd. have been set to USD $10.4 million and USD $54.4 million respectively, and the final...

As previously announced on 1 September 2015, Mr. Morten Arntzen, Executive Chairman of Team Tankers International Ltd. (the "Company"), has on certain conditions been granted equity awards in the Company as a part of his long-term incentive program. Mr. Arntzen has today received 176,702 shares (net after estimated tax) (the "Vested Shares"). Mr. Arntzen has not paid any cash consideration for the Vested Shares. Following the distribution of the Vested Shares, Mr. Arntzen is the owner of 530,106...