Press Releases

HAMILTON, BERMUDA -- (MARKET WIRE) -- 02/12/12 -- In connection with the 4Q2011 dividend and earnings release that will be announced Monday February 13 before opening of the New York Stock Exchange, it is expected that there will be an interview with the NAT Chairman & Chief Executive Officer on CNBC Wednesday February 15, 2012. The interview is expected to be televised at about 6:00 pm and 11:00 pm US Eastern time on that day.

The interview will be posted on our web-site www.nat.bm

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 records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.

Contacts:
Rolf Amundsen
Head of Investor Relations, Norway
Nordic American Tankers Limited
Tel: +1 800 601 9079
+ 47 908 26 906

Source: Nordic American Tankers Limited

ZUG, Switzerland--(BUSINESS WIRE)-- Foster Wheeler AG (Nasdaq: FWLT) announced today that the Iraq Crude Oil Export Expansion Project (ICOEE) has achieved its “first oil ready for start-up” milestone. This is a significant step towards Iraq’s planned increase in crude exports. This first phase of the expansion is intended to increase the country’s crude oil export capacity by 1.8 million barrels per day (MMBPD) of additional production. A further increase of another 1.8 MMBPD in Iraq’s export capacity is intended to be delivered on completion of phase 2 of the expansion. Achievement of this milestone represents the start of the final commissioning activities leading to readiness of the facilities to load first oil cargo onto a tanker for export.

Foster Wheeler executed the front-end engineering design for the two-phase capacity increase and is currently the project management consultant (PMC) for the engineering, procurement and construction (EPC) of both phases of the project. South Oil Company, a company under the Ministry of Oil of the Republic of Iraq, with Foster Wheeler's assistance, purchased long-lead items and free-issued these to the EPC contractors in order to assure the schedule.

“We are proud to play a key role in realizing Iraq’s development vision,” said Umberto della Sala, chief operating officer of Foster Wheeler AG. “We have established an excellent working relationship with South Oil Company and Iraq’s Ministry of Oil, and this teamwork has been a key success factor in achieving this “first oil ready for start-up” milestone. We have been executing projects in Iraq since the 1930s and we believe that this latest success demonstrates that we are committed to working, together with our clients in Iraq, to deliver project execution excellence.”

The Director General of SOC, Mr Dheyaa Jaafar Hyjam said: “This is a truly wonderful achievement by all the parties involved, and forms the first of many steps that would see Iraq’s export capacity rising to restore Iraq to its rightful place as a world-class oil producer. We are proud of the close relationship between ourselves and Foster Wheeler, and the commitment that Foster Wheeler has demonstrated in making this project a success. We look forward to continuing this success in the second phase of the ICOEE project.”

Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

Safe Harbor Statement

Foster Wheeler AG news releases may contain forward-looking statements that are based on management’s assumptions, expectations and projections about the Company and the various industries within which the Company operates. These include statements regarding the Company’s expectations about revenues (including as expressed by its backlog), its liquidity, the outcome of litigation and legal proceedings and recoveries from customers for claims and the costs of current and future asbestos claims and the amount and timing of related insurance recoveries. Such forward-looking statements by their nature involve a degree of risk and uncertainty. The Company cautions that a variety of factors, including but not limited to the factors described in the Company’s most recent Annual Report on Form 10-K, which was filed with the U.S. Securities and Exchange Commission and the following, could cause the Company’s business conditions and results to differ materially from what is contained in forward-looking statements: benefits, effects or results of the Company’s redomestication or the relocation of our principal executive offices to Geneva, Switzerland; the benefits, effects or results of our strategic renewal initiative; further deterioration in global economic conditions, changes in investment by the oil and gas, oil refining, chemical/petrochemical and power generation industries, changes in the financial condition of its customers, changes in regulatory environments, changes in project design or schedules, contract cancellations, changes in estimates made by the Company of costs to complete projects, changes in trade, monetary and fiscal policies worldwide, compliance with laws and regulations relating to its global operations, currency fluctuations, war, terrorist attacks and/or natural disasters affecting facilities either owned by the Company or where equipment or services are or may be provided by the Company, interruptions to shipping lanes or other methods of transit, outcomes of pending and future litigation, including litigation regarding the Company’s liability for damages and insurance coverage for asbestos exposure, protection and validity of its patents and other intellectual property rights, increasing global competition, compliance with its debt covenants, recoverability of claims against its customers and others by the Company and claims by third parties against the Company, and changes in estimates used in its critical accounting policies. Other factors and assumptions not identified above were also involved in the formation of these forward-looking statements and the failure of such other assumptions to be realized, as well as other factors, may also cause actual results to differ materially from those projected. Most of these factors are difficult to predict accurately and are generally beyond the Company’s control. You should consider the areas of risk described above in connection with any forward-looking statements that may be made by the Company. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any additional disclosures the Company makes in proxy statements, quarterly reports on Form 10-Q, annual reports on Form 10-K and current reports on Form 8-K filed with the Securities and Exchange Commission.

Media Contacts:United StatesJulie Stanisz, 908-730-4047julie_stanisz@fwc.comorUnited KingdomAnne Chong, +44 (0) 118 913 2106anne_chong@fwuk.fwc.comorInvestor RelationsScott Lamb, 908-730-4155scott_lamb@fwc.comorOther Inquiries908-730-4000fw@fwc.com

Source: Foster Wheeler AG

Toy Delights Industry, Retailers and Parents with Fun Characters and Unpredictable Ball Play

PAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro Inc.’s (NASDAQ: HAS) PLAYSKOOL POPPIN’ PARK ELEFUN BUSY BALL POPPER toy was named the Infant/Toddler Toy of the Year at the Toy Industry Association’s Annual TOTY (Toy of the Year) Awards. The ELEFUN BUSY BALL POPPER toy combines the favorite ELEFUN character with the popular BUSY BALL POPPER toy to engage babies as they explore the world through ball play.

“We are thrilled that the Toy Industry Association has recognized the ELEFUN BUSY BALL POPPER toy as an outstanding toy for infants and toddlers,” said Jerry Perez, Senior Vice President and Global Brand Leader for Hasbro Playskool. “The PLAYSKOOL POPPIN PARK line launched in 2011 with a great response, and the ELEFUN BUSY BALL POPPER toy had an outstanding performance as one of the year’s best-selling infant/toddler items.”

Also selected as one of the Fabulous 15 on the 2011 Toys“R”Us Holiday Hot Toy List, the ELEFUN BUSY BALL POPPER toy offers babies unpredictable ball popping fun. Drop five colorful balls into the ELEFUN character’s ears to pop out of the trunk or roll into the character’s belly. Parents can help control the ball popping action as babies grow by moving the elephant’s trunk, which rotates 360 degrees. Requires four "D" batteries, not included. Available at most major toy retailers nationwide and on HasbroToyShop.com for approximately $32.99.

Hasbro will add new animal characters and ball play fun to the POPPIN PARK collection for 2012. Key items include the LEARN ‘N POP LION toy, which helps teach little ones to count to ten in four different languages, available this Fall for babies nine months and up for the suggested retail price of $19.99. Also new for Fall 2012 is the GIRAFFE TUMBLE TOP toy, which engages babies six months and up in cause and effect play for the suggested retail price of $12.99.

Parents can join the conversation about the POPPIN PARK collection and other PLAYSKOOL products at www.facebook.com/playskool and www.twitter.com/playskool as well as view videos at www.youtube.com/playskool.

About Hasbro, Inc.

Hasbro (NASDAQ: HAS) is a branded play company providing children and families around the world with a wide-range of immersive entertainment offerings based on the Company’s world class brand portfolio. From toys and games, to television programming, motion pictures, video games and a comprehensive licensing program, Hasbro strives to delight its customers through the strategic leveraging of well-known and beloved brands such as TRANSFORMERS, LITTLEST PET SHOP, NERF, PLAYSKOOL, MY LITTLE PONY, G.I. JOE, MAGIC: THE GATHERING and MONOPOLY. The Hub, Hasbro’s multi-platform joint venture with Discovery Communications (NASDAQ: DISCA, DISCB, DISCK) launched on October 10, 2010. The online home of The Hub is www.hubworld.com. The Hub logo and name are trademarks of Hub Television Networks, LLC. All rights reserved. Come see how we inspire play through our brands at http://www.hasbro.com. SCRABBLE is a trademark of Hasbro in the US and Canada Only. © 2012 Hasbro, Inc. All Rights Reserved.

HAS-P

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50165781&lang=en

Litzky Public RelationsJosslynne Welch, 201-222-9118jwelch@litzkypr.comorHasbro Brand PublicityNicole Agnello, 401-727-5947nagnello@hasbro.com

Source: Hasbro, Inc.