Bruton Limited (BRUT) - Resolved distribution in kind of shares/NDRs in OMC Tankers Ltd.

Hamilton, Bermuda, 20 August 2026

Reference is made to the stock exchange announcement made by Bruton Limited (the "Company") on 7 July 2026 regarding the demerger of eight newbuildings from the Company into a separate entity named OMC Tankers Ltd ("OMC Tankers"). OMC Tankers has applied for admission to trading on Euronext Growth Oslo and is expected to be admitted to trading on 28 August 2026.

In preparation for the demerger, the Company has contributed the following assets to OMC Tankers Ltd. in consideration for the issuance to the Company of 61,923,808 shares in OMC Tankers:

* The last four of the group's newbuilding contracts with New Times Shipyard with deliveries targeted in January, March, June and August 2029 and with aggregate commitments of USD 472 million whereof USD 47.2 million has been paid. * The group's four newbuilding contracts with Yantai CIMC Raffles, with deliveries targeted in January, March, May and July 2028 and with aggregate commitments of USD 499 million whereof USD 49.9 million has been paid. * USD 50 million in cash.

Except for approximately USD 82 thousand of trade payables and the remaining shipyard obligations, no indebtedness has been transferred to OMC Tankers Ltd.

The board of directors of the Company has now resolved to distribute the shares of OMC Tankers (the "OMC Shares") to the shareholders of the Company. The distribution will be made in the form of Norwegian Depository Receipts (each an "NDR") in OMC Tankers' registered in Euronext Securities Oslo and delivered to each holder of NDRs in the Company registered in Euronext Securities Oslo on 27 August 2026.

Each NDR in the Company will entitle the holder to receive one NDR in OMC Tankers representing one underlying OMC Share.

The distribution will be made from the Company's Contributed Surplus account.

The Company will publish further information in a key dates announcement to be published separately.

For further information, please contact:

Lars-Christian Svensen, Contracted interim CEO Telephone +47 476 38 756

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