$NAT May 20, 2020 Dear Shareholders and Investors, Dividend is a priority for NAT. On March 24, 2020, we declared the dividend for the first quarter of 2020 to 14 cents ($0.14) per share, with record date Monday May 26, 2020 and payment date June 5, 2020. In view of the solid position of the company and the prospects as explained in our first quarter report of 2020 two days ago (May 18), the Board has today decided to declare the dividend for the second quarter of 2020 to 20 cents ($0.20) to be paid on Friday September 4th 2020 to shareholders on record Friday August 28th. This is a 42% increase from the dividend that was declared for the first quarter of 20/20
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