Hamilton, Bermuda - In NAT/NAO’s message of September 1, 2017, NAT/NAO informed the investor market about the appointment of our new Chief Financial Officer (CFO), Mr. Bjorn Giaever. We are pleased to inform you that Mr. Giaever will join us October 16, 2017.

Mr. Giaever joins NAT/NAO from the well reputed firm of Fearnley Securities AS with main office in Oslo, Norway. This is an investment bank with special focus on the maritime sectors, where he served as a director and partner in the Corporate Finance division. Mr. Giaever has served as a corporate advisor in the John Fredriksen group in London, top rated Senior Shipping Analyst in DNB Markets and partner in Inge Steensland AS, specializing in gas related maritime matters.

The outgoing CFO, Turid M. Sorensen, will leave her administrative duties in NAT/NAO before the end of 2017, providing for a smooth transition. She will be suggested as board member of NAT later.