Bruton Limited

Share Issue/Capital Change • Nov 5, 2025

Bruton Limited (BRUT) Issue of Consideration Shares to the Shareholders of Andes Tankers II Ltd.

Bruton Limited (BRUT) Issue of Consideration Shares to the Shareholders of Andes Tankers II Ltd.

Bruton Limited (Euronext Growth Oslo: BRUT) (the "Company") refers to the

stock exchange release on 23 October 2025 relating to the unanimous acceptance

of the tender offer for the shares of Andes Tankers II Ltd. ("Andes Tankers").

All the shares of Andes Tankers have now been transferred to the Company. As

such, the shareholders of Andes Tankers will receive 11,163,098 consideration

shares, being new common shares of the Company in the same class of shares as

the existing common shares. The Company has today arranged for the

consideration shares to be legally and validly issued as fully paid-up.

An equal number of new Norwegian Depository Receipts ("NDRs") representing the

beneficial ownership rights to the consideration shares are expected to be

issued in Euronext Securities Oslo (the "VPS") by the Company's account

operator and NDR issuer, Equro Issuer Services AS, on 6 November 2025 and will

subsequently be delivered to the shareholders of Andes Tankers without undue

delay.

Following the issue of the consideration shares, the Company's issued share

capital is increased by USD 1,116,309.80 to USD 5,239,999.80, divided into

52,399,998 shares, each with a nominal value of USD 0.10 per share. The

beneficial ownership right to each common share is represented by an NDR in

the VPS.

Hamilton, Bermuda, 5 November 2025

The Board of Directors

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.