HAMILTON, Bermuda, June 30, 2014 (GLOBE NEWSWIRE) -- Knightsbridge Tankers Limited (the "Company") advises that a Special General Meeting of the Shareholders of the Company was held on June 25, 2014 at 9:00 a.m. at the Company's Registered Office, 4th Floor, Par-la-Ville Place, 14, Par-la-Ville Road, Hamilton HM08, Bermuda. The following resolution was passed:

"That the Company's authorized share capital be increased from US$500,000.00 divided into 50,000,000 common shares of US$0.01 par value each (of which 49,121,550 are in issue) to US$2,000,000.00 divided into 200,000,000 common shares of US$0.01 par value each by the creation of 150,000,000 common shares of US$0.01 par value each."

Hamilton, Bermuda June 27, 2014

Questions should be directed to:

Contact:         Ola Lorentzon: Chairman, Knightsbridge Tankers Limited + 46 703 998886 Inger M. Klemp: Chief Financial Officer, Knightsbridge Tankers Limited +47 23 11 40 76

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