INDEPENDENT TANKERS
CORPORATION LIMITED

Independent Tankers Corporation Limited was
incorporated on Bermuda on January 18,
2008 and the shares have traded on the
Norwegian over-the-counter market,
since March 7, 2008.

The Company's business is mainly
concentrated around the ownership
and operation of crude tankers on
long term bareboat contracts to
major oil companies, including
certain cancellation options.

The Company owns or leases
six VLCC's and four Suezmax
tankers. All vessels are
financed through bonds in the
US market and some of the
vessels are also subject to
financial lease arrangements.

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