SOURCE: Nordic American Tanker Shipping Ltd.

June 26, 2008 04:22 ET

Nordic American Tanker Shipping Limited (NYSE: NAT) Annual General Meeting of Shareholders

HAMILTON, BERMUDA--(Marketwire - June 26, 2008) -


Nordic American Tanker Shipping Ltd. (the "Company") today announced that the 2008 Annual General Meeting of the Company was held on June 23, 2008 at 10:00 a.m. in Hamilton, Bermuda. The following resolutions were passed:

1. Election of a total of seven directors to serve until the next Annual General Meeting of Shareholders;

2. Approval of the appointment of Deloitte AS as the Company's independent auditors for the fiscal year ending December 31, 2008;

3. The ratification and approval of the reduction of the Company's paid up share capital of the Company. The reduction will be credited to the Company's Contributed Surplus account. Going forward this transaction will facilitate payment of dividends under Bermuda law in accordance with the full dividend policy if the Company.

More than 95% of the shares voting on each item voted in favour of the above proposals.

Contacts:
Scandic American Shipping Ltd
Manager for:
Nordic American Tanker Shipping Limited
P.O Box 56, 3201 Sandefjord, Norway
Tel: + 47 33 42 73 00 E-mail:  nat@scandicamerican.com

Rolf Amundsen, Investor Relations
Nordic American Tanker Shipping Limited
Tel: +1 800 601 9079 or + 47 908 26 906

Gary J. Wolfe
Seward & Kissel LLP, New York, USA
Tel: +1 212 574 1223

Turid M. Sørensen, CFO
Nordic American Tanker Shipping Limited
Tel:  + 47 33 42 73 00 or + 47 905 72 927

Herbjørn Hansson, Chairman and Chief Executive Officer
Nordic American Tanker Shipping Limited
Tel:  +1 866 805 9504 or + 47 901 46 291

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