Bruton Limited (BRUT) Exercise of options for additional two VLCC newbuildings

30 Jan 2026 07:50 CET

Hamilton, Bermuda, 30 January 2026

Bruton Limited (the "Company") refers to press release on the 20th October
2025, and today announces that it has exercised the options it holds at New
Times Shipyard ("NTS") for order of 2 VLCC newbuildings.

The vessels are a repeat order of the newbuilding orders the Company has
placed at NTS. The price and payment schedule are the same as the most
recently announced newbuilding orders. The vessels are scheduled for
deliveries in 2029. The order remains subject to certain customary conditions,
such as conclusion of newbuilding contracts and customary ancillary
documentation.

Bruton will, following the exercise, have 8 VLCC newbuildings on order at NTS,
the first vessel expected to be delivered in July 2026.

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 Alfi Lao, Contracted Chief Accounting Officer, on the
date and time as set out in the release.

About Bruton Limited: Bruton Limited has eight very large crude carriers
"VLCC" under construction at New Times Shipyard in China. The first vessel is
expected to be delivered in July 2026 and all vessels are expected to be
delivered by 2029.

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