October 12, 2010
HAMILTON, BERMUDA–(Marketwire – Oct. 12, 2010) – Teekay Tankers Ltd. (NYSE:TNK) (Teekay Tankers or the Company) announced today that it will present from 11:15 a.m. to 11:45 a.m. at the Teekay group of companies’ Investor Meeting to be held on Wednesday, October 20, 2010 in the Hilton Room at The Waldorf=Astoria, 301 Park Avenue, New York. The Hilton Room is located on the lobby level at the Park Avenue entrance. Any investors interested in scheduling a one-on-one meeting with management during the afternoon of Wednesday, October 20, should contact Emily Yee at 604-609-6437 or Emily.Yee@teekay.com.
Members of Teekay Tankers’ management team will present the Company’s strategy, market outlook and financial position. The Investor Meeting presentation schedule is as follows:
| Teekay Corporation | 8:30 a.m. – 10:00 a.m. |
| Teekay Offshore Partners L.P. | 10:15 a.m. – 10:45 a.m. |
| Teekay LNG Partners L.P. | 10:45 a.m. – 11:15 a.m. |
| Teekay Tankers Ltd. | 11:15 a.m. – 11:45 a.m. |
The presentation will be webcast live on Teekay Tankers’ Web site at www.teekaytankers.com. For those unable to listen to the live event, an audio archive will be available at the same Web site following the live presentation.
About Teekay Tankers Ltd.
Teekay Tankers Ltd. was formed in December 2007 by Teekay Corporation (NYSE:TK) as part of its strategy to expand its conventional oil tanker business. Teekay Tankers currently owns a fleet of eight double-hull Aframax tankers and five double-hull Suezmax tankers, which an affiliate of Teekay Corporation manages through a mix of short- or medium-term fixed-rate time-charter contracts and spot tanker market trading. Teekay Tankers intends to distribute on a quarterly basis all of its Cash Available for Distribution, subject to any reserves established by its board of directors.
Teekay Tankers’ common stock trades on the New York Stock Exchange under the symbol “TNK”.