On July 17, 2017, Scorpio Tankers Inc. increased the size of its Board of Directors from eight to nine members and appointed Mr. Merrick Rayner to serve as a Class I Director, effective upon the closing of the Company's previously announced merger with Navig8 Product Tankers Inc. The Board of Directors has determined that Mr. Rayner is an "independent director" as such term is defined under the Securities Exchange Act of 1934, as amended, and the New York Stock Exchange Listing Manual. Mr. Rayner has over 40 years of experience in the tanker business.