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VLCCF - Knightsbridge Tankers Limited Announces Pricing Of Public Offering

Stocks in this article: VLCCF

HAMILTON, Bermuda, Oct. 18, 2013 (GLOBE NEWSWIRE) --

October   18, 2013 -   Knightsbridge   Tankers   Limited   (the   "Company"   or
"Knightsbridge")  (NASDAQ: VLCCF) today announced  the pricing of its previously
announced  public  offering.   The  Company  agreed to sell the 6,000,000 common
shares  at a public offering price of $9.00 per share.  The Company also granted
the  book-running manager a 30-day  option to purchase 900,000 additional common
shares.  The common shares are being offered pursuant to the Company's effective
shelf registration statement.

The  Company intends to use the net  proceeds of this offering to partially fund
the acquisition of newbuilding vessels and for general corporate purposes.

Morgan Stanley is acting as the sole book-running manager for the offering.  The
Company  expects to close  the sale of  the common shares  on October 23, 2013,
subject to customary closing conditions.

This  press release does not constitute an  offer to sell or the solicitation of
an  offer to buy securities  and shall not constitute  an offer, solicitation or
sale  in any jurisdiction in which such offer, solicitation or sale is unlawful.
 The offering is being made only by means of a prospectus and related prospectus
supplement.   A prospectus supplement related to the offering will be filed with
the   Securities  and  Exchange  Commission.   When  available,  copies  of  the
prospectus  and prospectus supplement  relating to the  offering may be obtained
from the offices of Morgan Stanley & Co. LLC at 180 Varick Street, Second Floor,
New York, New York 10014, Attention: Prospectus Delivery Department.

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," "intends," "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,  examination  by  the  Company's  management  of
historical  operating  trends,  data  contained  in  its  records and other data
available   from  third  parties.  Although  the  Company  believes  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  the Company's control, the Company cannot
assure  you that  it will  achieve or  accomplish these expectations, beliefs or
projections.

In  addition to  these important  factors, other  important factors that, in the
Company's  view,  could  cause  actual  results  to differ materially from those
discussed  in  the  forward-looking  statements  include  the  strength of world
economies  and currencies, general market  conditions, including fluctuations in
charter  rates  and  vessel  values,  changes  in  demand  for dry bulk shipping
capacity,  changes in the Company's operating expenses, including bunker prices,
drydocking   and   insurance  costs,  the  market  for  the  Company's  vessels,
availability  of financing  and refinancing,  changes in  governmental rules and
regulations or actions taken by regulatory authorities, potential liability from
pending  or  future  litigation,  general  domestic  and international political
conditions,  potential  disruption  of  shipping  routes  due  to  accidents  or
political  events,  vessels  breakdowns  and  instances  of  off-hires and other
factors.  Please see our filings with the Securities and Exchange Commission for
a  more complete  discussion of  these and  other risks  and uncertainties.  The
information  set forth herein speaks only as of the date hereof, and the Company
disclaims  any intention or obligation  to update any forward-looking statements
as a result of developments occurring after the date of this communication.

Questions should be directed to:

Contact:
Ola Lorentzon:
Chairman and Chief Executive Officer, Knightsbridge Tankers Limited
+ 46 703 998886

Inger M. Klemp:
Chief Financial Officer, Knightsbridge Tankers Limited
+47 23 11 40 76


[HUG#1736712]

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