Hamilton, Bermuda, 24 October 2025
Reference is made to the stock exchange announcement dated 20 October 2025 by
Bruton Limited (Euronext Growth Oslo: BRUT) (the "Company"), announcing that a
letter of intent had been agreed between New Times Shipbuilding Co. Ltd.
("NTS") and the Company's wholly owned subsidiary Andes Tankers III Ltd.
("Andes Tankers III") pursuant to which Andes Tankers III orders two new
scrubber fitted VLCC vessels (the "Firm Vessels") and has options for two
additional VLCC vessels at the same price (the "Optional Vessels") subject to
Andes Tankers III declaring the option before 31 December 2025.
Andes Tankers III, its subsidiaries and NTS have now entered into final
newbuilding contracts with respect to the Firm Vessels and option agreements
with respect to the Optional Vessels.
The Firm Vessels are scheduled for deliveries between Q4 2028 and Q2 2029,
whilst the Optional Vessels, if declared, are scheduled for deliveries between
Q3 and Q4 2029. All vessels carry the option to be converted to LNG dual fuel
ready ships.
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 is an industrial player incorporated in
Bermuda and seeking to make strategic investments in the shipping, offshore
and energy sectors, currently focusing on its VLCC newbuilding program.