Arlington Tankers Hires Jefferies To Explore Alternatives (ATB)

Arlington Tankers Ltd. (NYSE: ATB) has decided to review and evaluate the company's strategic alternatives, with the hope of enhancing shareholder value.  The company said its review will focus on the following:

• the purchase of another company;
• the sale of the company;
• a merger of the company;
• other strategic transactions;

....... or the continued execution of the company's current operating plan. 

Arlington has retained Jefferies & Company, Inc. as its financial advisor in connection with this process.  It is important to note that as of now Arlington has no commitments or agreements in place and there are no assurances that this review will lead to any transactions.

The company is trading up 7% at $25.25 on thin volume trading this morning.  Its 52-week trading range is $18.93 to $29.90.

Jon C. Ogg
June 20, 2008