ITCL - Termination of Charter British Progress

Independent Tankers Corporation Limited ("ITCL") announces that BP Shipping Ltd. ("BP") has given twelve months irrevocable notice of termination of the bareboat charter for the VLCC British Progress.  The vessel will be redelivered from BP to ITCL in February 2014. Independent Tankers Corporation Limited Hamilton, Bermuda February 4, 2013 Questions should be directed to: Magnus Vaaler, Frontline Management AS +47 23 11 40 00 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Independent Tankers Corporation Limited via Thomson Reuters ONE [HUG#1675256]