Teekay Group Announces Availability of Annual Reports on Form 20-F for Year Ended December 31, 2019; and Publishes 2019 Sustainability Report - Seite 3

Teekay Tankers’ Class A common stock trades on the New York Stock Exchange under the symbol “TNK.”

For Investor Relations
enquiries contact:

Ryan Hamilton
Tel: [phone]
Website: www.teekay.com

Forward Looking Statement

This release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management’s current views with respect to certain future events and performance, including statements, among other things, regarding: the demand for the Teekay Group’s services in light of the COVID-19 and the resulting market volatility; the impact of the COVID-19 pandemic on the operations of the Teekay Group and on the global economy; the anticipated impact of Teekay LNG’s energy-efficient newbuildings on CO2 emissions; shipping industry goals and timelines for achieving carbon neutrality; the expected impact of new industry partnerships; and the timing of the Teekay Group’s assessment of its existing reporting framework. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: market or counterparty reaction to changes in exploration, production and storage of offshore oil and gas; changes in the demand for oil, refined products, LNG or LPG; changes in global oil prices or tanker rates; issues with vessel operations; increased operating expenses; changes in applicable industry laws and regulations and the timing of implementation of new laws and regulations; the impact of geopolitical tensions and changes in global economic conditions; the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and market or regulatory responses to the pandemic on Teekay Group’s operations, personnel, commercial activity and on global supply chains; technological changes in the shipbuilding industry related to energy efficiency and sustainability measures; and other factors discussed in the Teekay Group’s filings from time to time with the SEC, including in each of its Annual Reports on Form 20-F for the fiscal year ended December 31, 2019. Teekay, Teekay LNG and Teekay Tankers expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.