Nordic American Offshore Ltd. (NYSE:NAO) - the Executive Chairman and his family increase its holding in NAO.

Hamilton, Bermuda, May 10, 2017

A company owned by the NAO Executive Chairman, Herbjorn Hansson and his son, Alexander, bought today 500,000 shares in NAO at an average price of $1.18 per share. Also yesterday they bought 500,000 NAO shares. The appropriate filing will be undertaken as the Hansson family now holds shares equivalent to 5.4% of NAO.  

Contacts:

Herbjørn Hansson, Executive Chairman
Nordic American Offshore Ltd.
Tel: +1 866 805 9504 or + 47 90 14 62 91

Web-site:   www.nao.bm

Attachments:

http://www.globenewswire.com/NewsRoom/AttachmentNg/7c00b7b7-8b94-4fa4-9835-4eb5348197ce