NORDIC AMERICAN TANKERS LIMI

Ticker: NAT CUSIP: G65773106 Class: Common Stock

CAPITAL MANAGEMENT ASSOCIATES /NY/'s Holding History (CIK: 0000825293)

Note: Option positions (PUT/CALL) are excluded.

Q2 2015

Shares 22,700 Value ($000) $323 Avg Close $12.81 Range $11.11 - $14.88

Q1 2015

Shares 22,700 Value ($000) $270 Avg Close $10.57 Range $9.08 - $11.98

Q3 2013

Shares 14,600 Value ($000) $120 Avg Close $8.35 Range $7.23 - $10.24

Q2 2013

Shares 32,900 Value ($000) $249 Avg Close $8.57 Range $6.85 - $11.30

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	22,700	$323	$12.81	$11.11 - $14.88
Q1 2015	22,700	$270	$10.57	$9.08 - $11.98
Q3 2013	14,600	$120	$8.35	$7.23 - $10.24
Q2 2013	32,900	$249	$8.57	$6.85 - $11.30