Solus Alternative Asset Management LP ("Solus") is acting in the capacity as
discretionary investment manager to certain investment funds and/or accounts
advised by Solus, including, without limitation, Sola Ltd, Ultra Master Ltd,
Solus Opportunities Fund 5 LP, Ultra NB LLC and Solus Long-Term Opportunities
Fund Master LP (the "Solus Funds"). As part of structuring related to the Solus
Funds, Sola Ltd will have 1,747,653 less beneficial shareholdings in Team
Tankers International Ltd. ("Team Tankers" or the "Company") and Solus Long-Term
Opportunities Fund Master LP will have, directly or indirectly either itself or
through a wholly owned subsidiary, 1,747,653 beneficial shareholdings in Team
Tankers. The aggregate holding of the Solus Funds remains unchanged at
62,576,052 shares in the Company, equaling 29.86% of the shares and votes in the
Company, allocated with 39,834,460 shares to Sola Ltd, 6,118,377 shares to Solus
Opportunities Fund 5 LP, 1,449,290 to Ultra Master Ltd, 2,383,930 shares to
Ultra NB LLC and, directly or indirectly either itself or through a wholly owned
subsidiary, 12,789,995 shares to Solus Long-Term Opportunities Fund Master LP.
The Solus Funds do not hold any other rights to equity shares in the Company.

Solus is represented on the Board of Directors of the Company by Scott Martin,
Director.

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