Danielle Leone, a member of the Board of Directors of-Team Tankers International Ltd. has resigned as Director of the Company with effect from Feb. 19, 2016. Mr. Bryce Fraser has, in accordance with the Company's bye-laws, been appointed as a Director of the Company with effect from Feb.

19, 2016, as Danielle Leone's successor. Mr.- Bryce Fraser is a Managing Director within the distressed debt group at Angelo, Gordon & Co. Mr. Fraser joined Angelo Gordon in 2016.- Previously, he worked at Watershed Asset Management, Fortress Investment Group, Merrill Lynch and Credit Suisse.