Ridgebury Crude Tankers Announces Intent to Redeem $10 million in Bonds

Westport, Connecticut — Ridgebury Crude Tankers (“Ridgebury” or the “Company”) announced today that it intends to redeem $10,000,000 principal amount of its 7.625% Senior Secured Bond Issue 2014/2017 (ISIN: NO 001 070583.3). The Bonds will be redeemed on March 20, 2015 using Excess Cash as defined in the Bond Agreement.