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Solidifying the Balance Sheet

Last week, Nordic Tankers A/S (“Nordic”) announced a 2:1 rights issue of up to 25,176,592 new shares of DKK 10 nominal value at an offering price of DKK 10 per share. The offer has been underwritten to provide minimum proceeds to the company of DKK 167.7 million. If the offering is fully subscribed, Nordic will receive net proceeds of approximately DKK 228.3 million. The new shares will rank parri passu with the existing shares.

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