On April 2, 2013, Scorpio Tankers Inc. appointed Ms. Marianne Økland to its Board of Directors to serve as a Class III Director effective as of the same date.  The Board of Directors has determined that Ms. Økland 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. Ms. Økland is a Managing Director of Avista Partners In addition, she is a non-executive director at each of Islandsbanki (Iceland), IDFC (India) and NLB (Slovenia).