Bruton Ltd. (BRUT) Received financing proposal and Letter of Intent for charter

20 Jan 2026 08:00 CET

Hamilton, Bermuda, 20 January 2026

Bruton Ltd. is pleased to announce that it has received a financing proposal
covering 90% of the construction cost for its first two dual-fuel LNG Very
Large Crude Carriers (VLCCs), Mount Vision and Mount Horizon, scheduled for
delivery in July 2026 and January 2027, respectively. To date, Bruton has
paid 20% of total instalments on each vessel.

The proposed financing carries a 15-year tenor and offers an attractive cost
structure, which is expected to provide the Company with a highly competitive
cash break-even level.

In parallel, Bruton has entered into a non-binding Letter of Intent (LOI) for
a charter party with a leading global trading house for the employment of
these vessels. The proposed charter arrangement is designed to provide
exposure to the spot market while securing a premium for the vessels' superior
fuel efficiency and environmental performance enabled by their dual-fuel LNG
capability.

Additionally, Bruton holds options for two further VLCC newbuildings at NTS,
with scheduled deliveries in 2029. This development underscores Bruton's
strategy to build a modern, environmentally advanced VLCC fleet, positioning
the Company to benefit from strong tanker market fundamentals and increasing
demand for sustainable tonnage.

For further enquiries, please contact:
Gunnar Eliassen, Contracted CEO,
gunnar@magnipartners.com

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