On May 30, 2013, Scorpio Tankers Inc. appointed Jos Tarruella and Cameron Mackey to its Board of Directors to serve as a Class II and Class III Director, respectively, in each case effective as of the same date. The Board of Directors has determined that Mr. Tarruella is an "independent director" as such term is defined under the Securities Exchange Act of 1934, as amended, and the New York Stock Exchange Listing Manual. Mr. Tarruella is the founder and Chairman of Camino de Esles s.l. since 2007.

Prior to forming Camino de Esles, Mr. Tarruella was a Director in Group Tragaluz. Mr. Tarruella also acts as a consultant for the Spanish interests of Rank Group plc. Mr. Mackey has served as the company's Chief Operating Officer since its initial public offering in April 2010 and joined the Scorpio Group in 2009.

Prior to joining the company, Mr. Mackey was an equity and commodity analyst at Ospraie Management LLC from 2007-2008.