d'Amico International Shipping S.A.

Société Anonyme Registered office: 25 C, Boulevard Royal, L-2449 Luxembourg RCS Luxembourg: B 124.790 (the « Company »)

MINUTES

of the annual general meeting of shareholders held in Luxembourg on 19 April 2022

at Linklaters LLP premises at 35, Avenue John F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg

(the "Meeting")

The Meeting was called to order at 11 a.m. (CEST) and chaired by Me Rémy Bonneau, residing professionally in Luxembourg (the "Chairman").

The Chairman appointed as secretary of the Meeting Me Eugenie Syx residing professionally in Luxembourg (the "Secretary").

The Meeting elected as scrutineer of the Meeting Ms Anne-Victoire Husser residing professionally in Luxembourg (the "Scrutineer").

The board of the Meeting having thus been duly constituted according to the law and the Articles of Association, the Chairman declared and requested the Secretary to record that:

The Meeting was duly convened on this date, time and location by means of a convening notice to the shareholders, the directors and the independent auditor ("réviseur d'entreprises agrée") of the Company which was published on the 19th day of March 2022 on the Italian daily newspaper "La Repubblica", on the "Tageblatt" a Luxembourg daily newspaper and in the Recueil Electronique des Sociétés et Associations.
The agenda of the Meeting was the following:
- 1) Consideration of the reports of the Company's Board of Directors and of the Company's auditor ("réviseur d'entreprises agréé") on the consolidated and statutory annual accounts of the Company as at 31 December 2021;
- 2) Consideration and approval of the consolidated annual accounts of the Company as at 31 December 2021 and of the Company's statutory annual accounts as at 31 December 2021;
- 3) Approval of the allocation of results of the 2021 financial year;
- 4) Discharge of the members of the Board of Directors for the year ended on 31 December 2021;
- 5) Approval of 2022 Directors fees;
6) Non-binding consideration and evaluation of the 2022 General Remuneration Policy and the 2021 Report on Remunerations;
According to the attendance list, 827,375,737 shares of the Company, with ISIN Code LU 0290697514, out of 1,241,055,569 shares of the Company were represented at this Meeting, which shares represent 65.65% of the entire issued share capital of the Company.
The attendance list signed by the representatives of the shareholders and the proxies of the shareholders represented were all signed by the Chairman, the Secretary and the Scrutineer to remain attached to the minutes.
The 18,326,911 shares held by the Company itself ("Own Shares") are not entitled to vote at the present Meeting.
The Meeting was consequently regularly constituted and could validly decide on all the items on the agenda.

The Chairman then submitted to the Meeting the reports of the Board of Directors, including proposals of resolutions relating to the items on the agenda of the Meeting as well as the reports of each of the Board of Directors and the independent auditor ("réviseur d'entreprises agreé") on the statutory and consolidated annual accounts of the Company as at 31 December 2021, as well as the statutory and consolidated annual accounts of the Company at 31 December 2021, which have been deposited and made available to the public at least 30 days before the Meeting at the Company's registered office and website as well as filed with CONSOB and CSSF and disclosed to the public through the e-Market SDIR mechanism and stored both at Borsa Italiana S.p.A. through the e-market STORAGE mechanism and at the Officially Appointed Mechanism (OAM) of the Luxembourg Stock Exchange.

Thereupon the Meeting approved the above statements and confirmed that it is duly constituted.

The Shareholders then thoroughly considered the items on the agenda and adopted, each share entitling the holder thereof to one vote, the following resolutions:

First resolution

The Meeting RESOLVED to acknowledge the reports of each of the Board of Directors and the independent auditor ("réviseur d'entreprises agrée") on the consolidated and statutory annual accounts of the Company as at December 31st, 2021.