Nordic American Tanker (NAT) Reports on Tankers Rates in April

Nordic American Tanker (NYSE: NAT) reports:

Tuesday, May 3, 2022

Dear Shareholders and Investors,

We wish to update you on activities for our suezmax vessels being able to load one million barrels each.

In early April we fixed a ship over 12 days at USD 65,800 a day.

In mid April we fixed a ship at USD 60,000 for 38 days.

At the same time a contract was achieved for 22 days at USD 60,000.

When our ships are in good position, rates are currently about USD 50,000 per day.

Our main customers are appreciative of our efforts to deliver first class services.

All the best.

For contacts, please see at the end of this communication.

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