Hafnia Tankers : PRESS RELEASE - 2019.01.10

MINUTES OF MEETING OF

THE SHAREHOLDERS

OF

HAFNIA TANKERS LTD.

HELD AT BEST WESTERN MALMÖ ARENA HOTEL, HYLLIE BOULEVARD 12, 215 32, MALMÖ, SWEDEN AT 10 AM (LOCAL TIME)] ON

JANUARY 10, 2019

The meeting (the "Meeting") of the Shareholders (the "Shareholders") of Hafnia Tankers Ltd., a corporation incorporated and existing under the laws of the Republic of the Marshall Islands, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the "Corporation") was convened and held on January 10, 2019 at 10 am (local time). The shareholders listed in the attachment to these minutes, and constituting a majority of each class of shares of the Corporation and a quorum for transacting business, were in attendance:

It was determined that all of the shareholders of the Corporation had been given notice of the Meeting. Andreas Sohmen-Pao acted as Chairman and Secretary of the Meeting.

A quorum of each class of shareholders being present, the Chairman convened the Meeting.

WHEREAS, it was reported that the Corporation had agreed to enter into a merger withBW Tankers Ltd., a Bermuda company ("BW Tankers") by way of a triangular merger,whereby the Corporation and BW Tankers Corp., a Marshall Islands subsidiary of BW Tankers("NewSub") shall merge under the laws of the Marshall Islands (the "Merger") with NewSubbeing the surviving and continuing entity of such Merger and continuing to be a wholly-owned subsidiary of BW Tankers, and BW Tankers shall issue common shares of par value US$0.01 each of BW Tankers to the shareholders of the Corporation immediately prior to the Merger as consideration for their shares in the Corporation being cancelled in the Merger. In connection with the Merger, the Corporation has entered into a plan of merger (the "Plan of Merger"), as well as a merger agreement between BW Tankers, NewSub and the Corporation (the"Merger Agreement")which is attached to and forms part of the Plan of Merger, both of which have been approved by the Board of Directors of the Corporation and by the boards of directors of NewSub and BW Tankers, and copies of which had been given to each shareholder along with the Notice convening the Meeting.

Following discussion it was:

RESOLVED, that the Merger on the terms and conditions set forth in the Plan of Merger and Merger Agreement be and hereby are confirmed and approved in all respects;

RESOLVED, that the Plan of Merger and the Merger Agreement be and are hereby approved, ratified and confirmed in all respects, and the Company be and is hereby authorised to perform all obligations, acts and things in connection with the Merger, Plan of Merger and Merger Agreement;

RESOLVED, that any Director is authorised to do all such acts and things and agree and execute on behalf of the Corporation all such documents to which the Corporation is a party and all other documents as may be required in connection with the Merger and generally to sign all such certificates, notices and other documents as may be necessary or desirable in connection with the Merger, including filing of the Articles of Merger with the Registrar of Corporations of the Marshall Islands as provided in Section 95(5) of the Marshall Island Corporations Act, subject in each case to such amendments as those executing the same on behalf of the Corporation consider fit; and

RESOLVED, that the Secretary of the Corporation may certify a copy of all or any of the resolutions adopted hereby and that any such certified copy shall be full and complete evidence of the powers and authorities given by the said resolutions.

There being no further business, the Meeting was concluded.

_______________________

Andreas Sohmen-Pao

Chairman and Secretary of the Meeting