GasLog Ltd. Completes Full Redemption of Remaining Outstanding Series A Preference Shares and NOK Bonds

29 May 2024 08:44 CEST

Hamilton, Bermuda, May 28, 2024 — GasLog Ltd. (“GasLog” or “Company”) (NYSE:
GLOG.PRA) announced today that the Company has completed the previously
announced redemption of all of its remaining 200,000 outstanding 8.75% Series A
Cumulative Redeemable Perpetual Preference Shares (the “Series A Preference
Shares”, and the redemption thereof, the “Redemption”). The redemption price of
the Series A Preference Shares was $25.00 per share plus accrued and unpaid
dividends in respect of the Series A Preference Shares up to, but not including,
the redemption date of May 28, 2024 (the “Redemption Date”, and such price, the
“Redemption Price”). The Company funded the Redemption with cash on hand.

None of the Series A Preference Shares remain outstanding, and all rights with
respect to such stock have ceased and terminated, other than the right of the
holders of the Series A Preference Shares to receive payment of the Redemption
Price.

The Company has also completed a redemption of all of its remaining outstanding
Norwegian Kroner-denominated senior unsecured bonds due November 2024.

In connection with the Redemption, the New York Stock Exchange ("NYSE") has
suspended trading of the Series A Preference Shares effective prior to the
opening of trading on the Redemption Date. NYSE has filed with the Securities
and Exchange Commission (the "SEC") a notification of removal from listing and
registration on Form 25 to effect the delisting of all of the Series A
Preference Shares from NYSE. In addition, the Company intends to file a
certification on Form 15 with the SEC requesting the termination of registration
of all of the Series A Preference Shares. As a result of filing the Form 15, the
Company’s obligation to file periodic reports under the Securities Exchange Act
of 1934, as amended, with the SEC, including Forms 20-F and 6-K, will be
suspended immediately and deregistration of the Series A Preference Shares is
expected to become effective 90 days after the Form 15 is filed.

Email:ir@gaslogltd.com

About GasLog

GasLog is an international owner, operator and manager of LNG carriers providing
support to international energy companies as part of their LNG logistics chain.
GasLog’s fleet consists of 37 LNG carriers (32 on the water, four under
construction and one vessel ready to be sold as a floating storage and
regasification unit, or “FSRU”).

Forward-Looking Statements

All statements in this press release that are not statements of historical fact
are “forward-looking statements” within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking statements include
statements that address activities, events or developments that GasLog expects,
projects, believes or anticipates will or may occur in the future, particularly
in relation to our operations, cash flows, financial position, liquidity and
cash available for dividends or distributions, plans, strategies, business
prospects and changes and trends in our business and the markets in which we
operate. We caution that these forward-looking statements represent our
estimates and assumptions only as of the date of this press release, about
factors that are beyond our ability to control or predict, and are not intended
to give any assurance as to future results. Any of these factors or a
combination of these factors could materially affect future results of
operations and the ultimate accuracy of the forward-looking statements. Other
factors that might cause future results and outcomes to differ include, but are
not limited to, the other risks and uncertainties described in GasLog's Annual
Report on Form 20-F filed with the SEC on March 7, 2024, available at
http://www.sec.gov. Accordingly, you should not unduly rely on any
forward-looking statements.

We undertake no obligation to update or revise any forward-looking statements
contained in this press release, whether as a result of new information, future
events, a change in our views or expectations or otherwise, except as required
by applicable law. New factors emerge from time to time, and it is not possible
for us to predict all of these factors. Further, we cannot assess the impact of
each such factor on our business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward-looking statement.

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619970_GLOG - Preferred Full Redemption Settlement - Press Release.pdf