Knightsbridge Tankers Limited (the “Company”) advises that the 2008 Annual General Meeting of the Company was held on September 19, 2008 at 9:30 a.m. at the Fairmont Hamilton Princess, 76 Pitts Bay Road, Hamilton, Bermuda. The following resolutions were passed:
1) To re-elect Ola Lorentzon as a Director of the Company.
2) To re-elect Douglas C. Wolcott as a Director of the Company.
3) To re-elect David M. White as a Director of the Company.
4) To elect Hans Petter Aas as a Director of the Company.
5) To appoint Moore Stephens P.C., as auditors and to authorise the Directors to determine their remuneration.
6) That the remuneration payable to the Company’s Board of Directors of a total amount of fees not to exceed US$350,000.00 be approved for the year ended December 31, 2008.
In addition, the audited consolidated financial statements for Knightsbridge Tankers Limited for the year ended December 31, 2007 were presented to the Meeting.
September 19, 2008