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

Hamilton, Bermuda, May 11, 2017

A company owned by the NAO Executive Chairman, Herbjorn Hansson and his son, Alexander, today bought 500,000 shares in NAO at an average price of $1.12 per share. Over the last three days, the Hansson family has acquired 1.5 million shares in aggregate at an average price of $1.13 per share. Following today's transaction the Hansson family holds shares equivalent to 6.2% of NAO. Relevant filing will be undertaken.

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/69203723-c24c-49ad-8940-ca782da5000f