Stainless Tankers ASA

Notice of Dividend Amount • Aug 9, 2023

Stainless Tankers - Key information relating to proposed cash dividend

Stainless Tankers - Key information relating to proposed cash dividend

Stainless Tankers - Key information relating to proposed cash dividend

9 August 2023

The board of directors of Stainless Tankers ASA (the "Company") has proposed the distribution of a cash dividend, to be resolved by an extraordinary general meeting of the Company to be held on 24 August 2023.

Dividend amount: USD 0.125 per share

Announced currency: USD. The distribution will be made in NOK

Last day including right: 24 August 2023

Ex-date: 25 August 2023

Record date: 28 August 2023

Payment date: on or about 31 August 2023

Date of approval: 24 August 2023

Other information: The distribution will constitute a repayment of the Company's paid-in capital.

For more information, please contact:

Alex Karakassis, CEO

E-mail: alex.karakassis@tufton.com

Erol Sarikaya, CFO

E-mail: erol.sarikaya@tufton.com

About Stainless Tankers ASA | www.stainlesstankers.com

Stainless Tankers ASA is a shipping company specialized in providing seaborne transportation of chemical cargoes worldwide. The Company provides investors with pure-play stainless steel chemical tanker exposure in an investor friendly structure through its fleet of seven stainless steel vessels, each with an approximate total carrying capacity of 20,000dwt. The fleet is managed by Tufton Management Limited, with a primary focus on maximizing earnings and distributing excess operating cashflow to shareholders.

About Tufton

Tufton is a leading investment manager focused on the shipping industry, with c.$1.0 bn of assets under management across a number of funds, including London-listed Tufton Oceanic Assets Limited (SHIP.L) and Euronext Growth Oslo listed Stainless Tankers ASA (STST).

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.