ATHENS, Greece, Aug. 24 /PRNewswire-FirstCall/ -- TOP Tankers Inc (Nasdaq: TOPT) announced plans to release its 2nd quarter 2004 results on August 31, 2004, at 7:30 a.m. EDT. At 11:00 a.m. EDT that same day, the Company's management will host a conference call, to review the results and to discuss other corporate news and its market outlook.

Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 888-802-8576 (from the US) or +1 973-935-8514 (international). The conference call will also be accessible via the Internet at www.toptankers.com, or by going to www.vcall.com. An online archive will be available immediately following the call and continue for seven days.

A replay of the conference call will be available for seven days on 877-519-4471 (from the US) or +1 973-341-3080 (international), entering account number: 1628 and conference ID number: 5100343.

About TOP Tankers Inc

TOP Tankers Inc is an international provider of worldwide seaborne crude oil and petroleum products transportation services. Upon delivery of all 10 vessels, the company will own and operate a fleet of 17 tankers, consisting of 4 Suezmax tankers, 10 ice-classed Handymax tankers and 3 Handysize tankers, with a total carrying capacity of approximately 1.14 million DWT.

Forward-Looking Statement

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.

For further information, please contact Michael Mason of Allen & Caron Inc, +1-212-691-8087, michaelm@allencaron.com, for TOP Tankers Inc; or Stamatis Tsantanis, CFO of TOP Tankers Inc, 011 30 210 699 4357, snt@toptankers.com.

SOURCE  TOP Tankers Inc
    
-0- 08/24/2004
/CONTACT: Michael Mason of Allen & Caron Inc, +1-212-691-8087,
michaelm@allencaron.com, for TOP Tankers Inc; or Stamatis Tsantanis, CFO of
TOP Tankers Inc, 011 30 210 699 4357, snt@toptankers.com/
/Web site: http://www.vcall.com /
/Web site: http://www.toptankers.com /
(TOPT)

CO: TOP Tankers Inc
ST:
IN: TRN MAR
SU: CCA MAV

AC-IL
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2813 08/24/2004 10:43 EDT http://www.prnewswire.com