ITCL - 2015 Annual General Meeting

Press release from Independent Tankers Corporation Limited 21.09.2015

Independent Tankers Corporation Limited (the "Company") advises that the 2015 Annual General Meeting of the Shareholders of the Company was held on September 18, 2015 at 10:50 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda.  The audited consolidated financial statements for the Company for the year ended December 31, 2014 were presented to the Meeting.

In addition, the following resolutions were passed:

1)         To re-elect Kate Blankenship as a Director of the Company;

2)         To re-elect Inger M. Klemp as a Director of the Company.

3)         To elect Georgina E. Sousa as a Director of the Company in place of Harald Thorstein who did        not stand for re-election.

4)         That the Company's Common Shares be delisted from the NOTC List.

5)         To re-appoint PricewaterhouseCoopers AS of Oslo, Norway 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$50,000 be approved for the year ended December 31, 2015.

Hamilton, Bermuda
September 18, 2015