HAMILTON, BERMUDA -- (MARKET WIRE) -- 06/13/12 -- Teekay Corporation (Teekay or the Company) (NYSE:TK) announced today that it will host its 2012 Investor Day from 1:00 p.m. to 4:30 p.m. (all times Eastern) on Monday, June 18, 2012 in the Vanderbilt Room at The Waldorf=Astoria, 301 Park Avenue, New York. The Vanderbilt Room is located on the lobby level at the Park Avenue entrance. Any investors interested in scheduling a one-on-one meeting with management should contact Emily Yee at 604-609-6437 or Emily.Yee@teekay.com.

Those attending in person are invited to arrive for lunch between 1:00 p.m. and 1:30 p.m., after which members of Teekay's senior management team will present the Company's strategy, market outlook and financial position. The approximate schedule for management presentations during the Teekay 2012 Investor Day event is as follows:

Teekay Corporation                 1:30 p.m. - 2:45 p.m.              
Teekay Offshore Partners L.P.      3:00 p.m. - 3:30 p.m.              
Teekay LNG Partners L.P.           3:30 p.m. - 4:00 p.m.              
Teekay Tankers Ltd.                4:00 p.m. - 4:30 p.m.              

The presentation will be webcast live on Teekay's website at www.teekay.com. For those unable to attend in person or listen to the live event, an audio archive will be available at the same website following the live presentations.

About Teekay

Teekay Corporation is an operational leader and project developer in the marine midstream space. Through its general partnership interests in two master limited partnerships (MLPs), Teekay LNG Partners L.P. (NYSE:TGP) and Teekay Offshore Partners L.P. (NYSE:TOO), its controlling ownership of Teekay Tankers Ltd. (NYSE:TNK), and its fleet of directly-owned vessels, Teekay is responsible for managing and operating consolidated assets of over $11 billion, comprised of approximately 150 liquefied gas, offshore, and conventional tanker assets. With offices in 16 countries and approximately 6,400 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world's leading oil and gas companies, and its reputation for safety, quality and innovation has earned it a position with its customers as The Marine Midstream Company.

Teekay's common stock is listed on the New York Stock Exchange where it trades under the symbol "TK".

Contacts:
Teekay Corporation
Kent Alekson
Investor Relations Enquiries
+1 (604) 844-6654
Teekay Corporation
Priscilla Sharun
Media Enquiries
+1 (604) 844-6631
www.teekay.com

Source: Teekay Corporation