Nordic American Tankers Ltd (NYSE: NAT) – Recent contracts in a solid market

Friday, May 15, 2026

Dear Shareholders and Investors,

Below is information related to contracts that have been concluded recently.

Please note that the $ numbers and periods are approximations.

Our customers, leasing our ships, are large companies.

Operating costs of our vessels are below $ 10,000 per day.

The present market conditions result in strengthening of the cash position of Nordic American Tankers – impacting positively the ability to pay dividend.

March  -   $150,000 over 60 days

March  -   $75,000/day over 65 days

April     -   $198,000 over 68 days

May     -    $ 75,000 over 300 days

May     -    $ 95,000 over 70 days.

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd.                                                     

Contacts:     

Bjørn Giæver, CFO                                                             
Nordic American Tankers Ltd                                             
Tel: +1 888 755 8391                               

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171 

For further information please see our homepage www.nat.bm