Bruton Limited Acceptance of the Offer to the Andes Tankers II Shareholders

23 Oct 2025 12:35 CEST

Hamilton, Bermuda, 23 October 2025

Bruton Limited (Euronext Growth Oslo: BRUT) (the "Company") hereby refers to
its press release on 13 October 2025 regarding its conditional offer to the
shareholders in Andes Tankers II Ltd. ("Andes Tankers II"), in which the
Company offered to exchange the shares of Andes Tankers II with consideration
shares in the Company at an exchange ratio of 0.806 share in the Company for
each share in Andes Tankers II. The consideration shares will be recorded in
Euronext Securities Oslo (the "VPS") as Norwegian Depository Receipts
("NDRs").

The Company is pleased to announce that all the beneficial shareholders of
Andes Tankers II have accepted the offer.

The completion of the share exchange with each shareholder of Andes Tankers II
is subject to the delivery of the Andes Tankers II shares to the Company, the
subsequent issuance of the consideration shares by the Company and delivery of
NDRs representing the beneficial ownership rights to the consideration shares
in the VPS.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act. This stock exchange
notice was published by Vidar Hasund, Contracted Chief Financial Officer, on
the date and time as set out in the release.

About Bruton Limited:
Bruton Limited is an industrial player incorporated in Bermuda and seeking to
make strategic investments in the shipping, offshore and energy sectors,
currently focusing on its VLCC newbuilding program.

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