Scorpio Tankers Inc. Announces Pricing of Public Offering of 30,000,000 Common Shares

Monaco - Nov. 29, 2017

Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has priced its previously announced underwritten public offering (the “Offering”) of 30,000,000 shares of common stock, par value $0.01 per share (“Common Shares”), at $3.00 per share. Scorpio Services Holding Limited has agreed to purchase an aggregate of 6,666,700 Common Shares at the public offering price. The Offering is expected to close on December 1, 2017, subject to customary closing conditions.

The net proceeds of the Offering are expected to be used to strengthen the Company’s balance sheet and for general corporate purposes.

The Company has granted the underwriters a 30-day option to purchase up to an additional 4,500,000 Common Shares.

Clarksons Platou Securities, Inc. is acting as lead underwriter and bookrunner in the Offering. BTIG, LLC and Pareto Securities AS are acting as joint lead managers and bookrunners in the Offering. Seaport Global Securities, Fearnley Securities Inc., ABN AMRO Securities (USA) LLC, Skandinaviska Enskilda Banken AB (publ), BNP Paribas Securities Corp. and ING Financial Markets LLC are acting as co-managers in the Offering.

The Company’s Common Shares trade on the New York Stock Exchange under the symbol “STNG.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The Offering is being made only by means of a prospectus supplement and accompanying base prospectus. A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (the “SEC”) and is effective. A final prospectus supplement related to the Offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. When available, copies of the prospectus supplement and the accompanying base prospectus relating to the Offering may be obtained from Clarksons Platou Securities, Inc., 280 Park Avenue, 21st Floor, New York, NY 10017, (or by phone at (212) 317-7080, or by e-mail at prospectuses@clarksons.com).


Scorpio Tankers Inc. Announces Public Offering of Common Shares

Monaco - Nov. 28, 2017

Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it intends to offer, issue and sell to the public 30 million shares of its common stock, par value $0.01 per share (“Common Shares”), through an underwritten public offering (the “Offering”). The net proceeds of the Offering are expected to be used to strengthen the Company’s balance sheet and for general corporate purposes. As part of the Offering, Scorpio Services Holding Limited has expressed an interest to purchase at least $20 million of Common Shares at the public offering price.

The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 4.5 million Common Shares.

Clarksons Platou Securities, Inc. is acting as lead underwriter and bookrunner in the Offering. BTIG, LLC and Pareto Securities AS are acting as joint lead managers and bookrunners in the Offering. Seaport Global Securities LLC and Fearnley Securities AS are acting as co-managers in the Offering.

The Company’s Common Shares trade on the New York Stock Exchange under the symbol “STNG.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The Offering is being made only by means of a prospectus supplement and accompanying base prospectus. A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (the “SEC”) and is effective. A prospectus supplement related to the Offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. When available, copies of the prospectus supplement and the accompanying base prospectus relating to the Offering may be obtained from Clarksons Platou Securities, Inc., 280 Park Avenue, 21st Floor, New York, NY 10017, (or by phone at (212) 317-7080, or by e-mail at prospectuses@clarksons.com).

About Scorpio Tankers Inc.
Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The Company currently owns or finance leases 107 product tankers (38 LR2 tankers, 12 LR1 tankers, 43 MR tankers and 14 Handymax tankers) with an average age of 2.3 years and time or bareboat charters-in 19 product tankers (one LR2 tanker, nine MR tankers and nine Handymax tankers). The Company also has contracted for two newbuilding MR product tankers, one of which is expected to be delivered before the end of 2017 and the other in the first quarter of 2018. Additional information about the Company is available at the Company’s website www.scorpiotankers.com, which is not a part of this press release.

Scorpio Tankers Inc. press release