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Teekay Tankers Ltd. Declares Dividend

HAMILTON, BERMUDA -- (Marketwired) -- 07/03/14 -- Teekay Tankers Ltd. (Teekay Tankers) (NYSE: TNK) today announced that its Board of Directors has declared a cash dividend of $0.03 per share for the quarter ended June 30, 2014. The cash dividend is payable on July 31, 2014 to all shareholders of record on July 18, 2014.

About Teekay Tankers Ltd.

Teekay Tankers currently owns a fleet of 27 double-hull vessels, including 11 Aframax tankers, 10 Suezmax tankers, three Long Range 2 (LR2) product tankers, three Medium-Range (MR) product tankers and has one time-chartered in Aframax tanker. An affiliate of Teekay Corporation (NYSE: TK) manages these vessels through a mix of fixed-rate time-charter contracts and spot tanker market trading. The Company also owns a very large crude carrier (VLCC) through a 50 percent-owned joint venture. In addition, Teekay Tankers owns a minority interest in Tanker Investments Ltd. (Oslo Bors: TIL). Teekay Tankers was formed in December 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business.

Teekay Tankers' common stock trades on the New York Stock Exchange under the symbol "TNK".

Contacts:
Investor Relations Enquiries
Ryan Hamilton
Tel: +1 (604) 844-6654
www.teekaytankers.com

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