Gener8 Maritime (GNRT) Prices 15M Common Stock IPO at $14/Share

Gener8 Maritime, Inc. (NYSE: GNRT), a leading U.S.-based provider of international seaborne crude oil transportation services, today announced the pricing of its initial public offering of 15,000,000 shares of common stock at a price to the public of $14.00 per share, on Wednesday, June 24, 2015. The underwriters have also been granted an option to purchase up to 2,250,000 additional shares from Gener8 Maritime at the public offering price less underwriting discount and commissions. The Company's stock is expected to begin trading on the New York Stock Exchange under the symbol "GNRT" on June 25, 2015. The offering is expected to close on June 30, 2015, subject to customary closing conditions.

Citigroup Global Markets Inc., UBS Securities LLC, Jefferies LLC and Evercore Group L.L.C. are acting as joint book-running managers for the proposed offering. DNB Markets Inc. and Skandinaviska Enskilda Banken AB (publ) are acting as senior co-managers. DVB Capital Markets LLC, ABN AMRO Securities (USA) LLC, Pareto Securities AS and Axia Capital Markets, LLC are acting as co-managers.

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