Press release from Nordic American Tankers Limited (NYSE

NAT). - Seite 3

I would like to close by saying that even if rates remain low well into next year, we still expect to be able to pay a dividend. NAO is in this business for the long haul and I am hopeful that by this time next year, the global issues raised in this letter may have been resolved, setting the stage for a strong performance by NAO. It is clear that oil will remain the main energy form for many decades to come.

I wish you all the best for the Holiday Season, and as always can be reached at [e-mail].   Please also visit our web-site:  www.nao.bm

Herbjorn Hansson
Nordic American Offshore Ltd.
Executive Chairman

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Matters discussed in this press release may constitute forward-looking statements.  The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties.  Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.  We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.