Bruton Limited (BRUT) Newbuilding contracts for four additional VLCC vessels

20 Mar 2026 11:50 CET

Hamilton, Bermuda, 20 March 2026

Bruton Limited (Euronext Growth Oslo: BRUT) (the "Company") is pleased to
announce that the Company, through its subsidiaries, has entered into four
shipbuilding contracts with Yantai CIMC Raffles Offshore Ltd ("CIMC Raffles").

Pursuant to each shipbuilding contract, CIMC Raffles will build one 319,000
DWT VLCC vessel for delivery to a subsidiary of the Company.

The vessels will be built in accordance with MARIC 319k DWT design, fitted
with open loop scrubbers, and are scheduled for deliveries from January to
July of 2028.

The purchase price for each vessel is USD 124.75 million, with instalment
payment terms being the execution of contract (10%), steel cutting (20%), keel
laying (10%) and the launch of the vessel (10%). The remaining 50% of the
purchase price shall be payable on delivery.

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 set out in the release.

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