Bruton Limited

Regulatory Filings • Oct 20, 2025

Bruton Limited (BRUT) Order of additional firm and optional VLCC newbuildings

Bruton Limited (BRUT) Order of additional firm and optional VLCC newbuildings

Hamilton, Bermuda, 20 October 2025

Bruton Limited (Euronext Growth Oslo: BRUT) (the "Company") hereby announces

that a letter of intent has been agreed between New Times Shipbuilding Co.

Ltd. ("NTS") and Andes Tankers III Ltd. ("Andes Tankers III" which is to

become a subsidiary of the Company), pursuant to which Andes Tankers III

orders two new scrubber fitted VLCC vessels.

In addition, the Company has options for two additional VLCC vessels at the

same price subject to Andes Tankers III declaring the option before 31

December 2025.

The vessels are a repeat order of the newbuilding orders the Company has

placed at NTS, and carry the option to be converted to LNG dual fuel ready

ships.

The payment schedule is similar to the existing newbuilding orders placed by

the Company.

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.

The LOI remains subject to certain customary conditions, such as conclusion of

newbuilding contracts and customary ancillary documentation.

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.

Forward looking statements: This announcement includes forward-looking

statements within the meaning of Section 21E of the Securities Exchange Act of

1934, including the execution of newbuilding contracts, potential declaration

of options, incorporation of companies and other statements relating to the

transactions contemplated herein and other non-historical statements. These

forward-looking statements are subject to numerous risks, uncertainties, and

assumptions. Forward-looking statements reflect knowledge and information

available at, and speak only as of, the date they are made. Except as required

by law, the Company undertakes no obligation to update or revise publicly any

forward-looking statements, whether because of new information, future events

or otherwise, after the date hereof or to reflect the occurrence of

unanticipated events. Readers are cautioned not to place undue reliance on

such forward-looking statements.