Tufton Oceanic Assets Limited

Notice of Dividend Amount • Oct 21, 2021

National Storage Mechanism | Additional information

RNS Number : 6718P

Tufton Oceanic Assets Ltd.

21 October 2021

21 October 2021

TUFTON OCEANIC ASSETS LIMITED

("Tufton Oceanic Assets" or the "Company")

Net Asset Value, Dividend Declaration and Q3 2021 Update

Tufton Oceanic Assets announces that as at 30 September 2021 the unaudited net asset value ("NAV") was $383.71 million and the unaudited NAV per ordinary share was $1.368. The NAV total return for the quarter was 19.7%.

The Company is pleased to announce a dividend of $0.02 per ordinary share for the quarter ending 30 September 2021. The target annual dividend was increased to $0.08 per share in July 2021. The dividend will be paid on 12 November 2021 to holders of ordinary shares recorded on the register as at close of business on 29 October 2021 with an ex-dividend date of 28 October 2021.

The Company's quarterly factsheet as at 30 September 2021 will shortly be available on the Company's website in the Investor Relations section under Company Documents at www.tuftonoceanicassets.com/quarterly-reports.

For further information, please contact:

Tufton Investment Management Ltd Andrew Hampson Paulo Almeida	+44 (0) 20 7518 6700
Singer Capital Markets James Maxwell, Alex Bond (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales)	+44 (0) 20 7496 3000
Hudnall Capital LLP Andrew Cade	+44 (0) 20 7520 9085

About the Company

Tufton Oceanic Assets Limited invests in a diversified portfolio of secondhand commercial sea-going vessels with the objective of delivering strong cash flow and capital gains to investors. The Company's investment manager is Tufton Investment Management Ltd. The Company has raised a total of approximately $277.5m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange, on 20 December 2017, a subsequent placing and offer in October 2018, a placing in March 2019, a placing in September 2019 and tap issues in March and August 2021.

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