Bruton Limited (BRUT) Issue of Consideration Shares to the Shareholders of Andes Tankers II Ltd.

05 Nov 2025 23:00 CET

Bruton Limited (Euronext Growth Oslo: BRUT) (the "Company") refers to the
stock exchange release on 23 October 2025 relating to the unanimous acceptance
of the tender offer for the shares of Andes Tankers II Ltd. ("Andes Tankers").

All the shares of Andes Tankers have now been transferred to the Company. As
such, the shareholders of Andes Tankers will receive 11,163,098 consideration
shares, being new common shares of the Company in the same class of shares as
the existing common shares. The Company has today arranged for the
consideration shares to be legally and validly issued as fully paid-up.

An equal number of new Norwegian Depository Receipts ("NDRs") representing the
beneficial ownership rights to the consideration shares are expected to be
issued in Euronext Securities Oslo (the "VPS") by the Company's account
operator and NDR issuer, Equro Issuer Services AS, on 6 November 2025 and will
subsequently be delivered to the shareholders of Andes Tankers without undue
delay.

Following the issue of the consideration shares, the Company's issued share
capital is increased by USD 1,116,309.80 to USD 5,239,999.80, divided into
52,399,998 shares, each with a nominal value of USD 0.10 per share. The
beneficial ownership right to each common share is represented by an NDR in
the VPS.

Hamilton, Bermuda, 5 November 2025
The Board of Directors

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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