February 29, 2008 08:03 ET

Knightsbridge Tankers Limited (VLCCF) - Tax Treatment 2007

HAMILTON, BERMUDA--(Marketwire - February 29, 2008) -

Knightsbridge has posted a memo related to each cash dividend done in 2007. To access use the following link:

http://www.knightsbridgetankers.com/IR/tax_treatment.shtml

Contact:

Ola Lorentzon : Chairman, Knightsbridge Tankers Limited
+46 703 998886

Bjørn Sjaastad: Chief Executive Officer, Knightsbridge Tankers Limited
+47 23 11 40 99

Inger M. Klemp: Chief Financial Officer, Knightsbridge Tankers Limited
+47 23 11 40 76

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