Torm PLC

Share Issue/Capital Change • Nov 21, 2025

TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program

TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program

TORM plc (Nasdaq: TRMD or TRMD A) has increased its share capital by 14,206 A

-shares (corresponding to a nominal value of USD 142.06) as a result of the

exercise of a corresponding number of Restricted Share Units ("RSUs"). All new

shares are subscribed for in cash at DKK 0.07 per A-share.

Transfer restrictions may apply in certain jurisdictions outside Denmark,

including applicable US securities laws. The capital increase is carried out

without any pre-emption rights for existing shareholders or others.

The new shares (i) are ordinary shares without any special rights and are

negotiable instruments, (ii) give the right to dividends and other rights in

relation to TORM as of the date of issuance and (iii) are expected to be

admitted to trading and official listing on Nasdaq Copenhagen as soon as

possible.

After the capital increase, TORM's share capital amounts to USD 1,013,327.09

divided into 101,332,707 A-shares of USD 0.01 each, one B-share of USD 0.01 and

one C-share of USD 0.01. A total of 101,332,707 votes is attached to the A

-shares. The B-share and the C-share have specific voting rights.

Contact

Mikael Bo Larsen, Head of Investor Relations

Tel.: +45 5143 8002

About TORM

TORM is one of the world's leading carriers of refined oil products. TORM

operates a fleet of product tanker vessels with a strong commitment to safety.

environmental responsibility and customer service. TORM was founded in 1889 and

conducts business worldwide. TORM's shares are listed on Nasdaq in Copenhagen

and on Nasdaq in New York (ticker: TRMD A and TRMD. ISIN: GB00BZ3CNK81). For

further information, please visit www.torm.com.

Safe Harbor Statement as to the Future

Matters discussed in this release may constitute forward-looking statements. The

Private Securities Litigation Reform Act of 1995 provides safe harbor

protections for forward-looking statements in order to encourage companies to

provide prospective information about their business. Forward-looking statements

reflect our current views with respect to future events and financial

performance and may include statements concerning plans, objectives, goals,

strategies, future events or performance, and underlying assumptions and other

statements, which are statements other than statements of historical facts. The

Company desires to take advantage of the safe harbor provisions of the Private

Securities Litigation Reform Act of 1995 and is including this cautionary

statement in connection with this safe harbor legislation. Words such as, but

not limited to, "expects," "anticipates," "intends," "plans," "believes,"

"estimates," "targets," "projects," "forecasts," "potential," "continue,"

"possible," "likely," "may," "could," "should" and similar expressions or

phrases may identify forward-looking statements.

The forward-looking statements in this release are based upon various

assumptions, many of which are, in turn, based upon further assumptions,

including without limitation, management's examination of historical operating

trends, data contained in our records and other data available from third

parties. Although the Company believes that these assumptions were reasonable

when made, because these assumptions are inherently subject to significant

uncertainties and contingencies that are difficult or impossible to predict and

are beyond our control, the Company cannot guarantee that it will achieve or

accomplish these expectations, beliefs, or projections.

Important factors that, in our view, could cause actual results to differ

materially from those discussed in the forward-looking statements include, but

are not limited to, our future operating or financial results; changes in

governmental rules and regulations or actions taken by regulatory authorities;

inflationary pressure and central bank policies intended to combat overall

inflation and rising interest rates and foreign exchange rates; general domestic

and international political conditions or events, including "trade wars" and the

war between Russia and Ukraine, the developments in the Middle East, including

the war in Israel and the Gaza Strip, and the conflict regarding the Houthis'

attacks in the Red Sea; international sanctions against Russian oil and oil

products; changes in economic and competitive conditions affecting our business,

including market fluctuations in charter rates and charterers' abilities to

perform under existing time charters; changes in the supply and demand for

vessels comparable to ours and the number of newbuildings under construction;

the highly cyclical nature of the industry that we operate in; the loss of a

large customer or significant business relationship; changes in worldwide oil

production and consumption and storage; risks associated with any future vessel

construction; our expectations regarding the availability of vessel acquisitions

and our ability to complete acquisition transactions planned; availability of

skilled crew members other employees and the related labor costs; work stoppages

or other labor disruptions by our employees or the employees of other companies

in related industries;  effects of new products and new technology in our

industry;  new environmental regulations and restrictions; the impact of an

interruption in or failure of our information technology and communications

systems, including the impact of cyber-attacks, upon our ability to operate;

potential conflicts of interest involving members of our Board of Directors and

Senior Management; the failure of counterparties to fully perform their

contracts with us; changes in credit risk with respect to our counterparties on

contracts; adequacy of insurance coverage; our ability to obtain indemnities

from customers; changes in laws, treaties or regulations; our incorporation

under the laws of England and Wales and the different rights to relief that may

be available compared to other countries, including the United States;

government requisition of our vessels during a period of war or emergency; the

arrest of our vessels by maritime claimants; any further changes in U.S. trade

policy that could trigger retaliatory actions by the affected countries; the

impact of the U.S. presidential and congressional election results affecting the

economy, future government laws and regulations and trade policy matters, such

as the imposition of tariffs and other import restrictions; potential disruption

of shipping routes due to accidents, climate-related incidents, adverse weather

and natural disasters, environmental factors, political events, public health

threats, acts by terrorists or acts of piracy on ocean-going vessels; damage to

storage and receiving facilities; potential liability from future litigation and

potential costs due to environmental damage and vessel collisions; and the

length and number of off-hire periods and dependence on third-party managers.

In the light of these risks and uncertainties, undue reliance should not be

placed on forward-looking statements contained in this release because they are

statements about events that are not certain to occur as described or at all.

These forward-looking statements are not guarantees of our future performance,

and actual results and future developments may vary materially from those

projected in the forward-looking statements.

Except to the extent required by applicable law or regulation, the Company

undertakes no obligation to release publicly any revisions or updates to these

forward-looking statements to reflect events or circumstances after the date of

this release or to reflect the occurrence of unanticipated events. Please see

TORM's filings with the U.S. Securities and Exchange Commission for a more

complete discussion of certain of these and other risks and uncertainties. The

information set forth herein speaks only as of the date hereof, and the Company

disclaims any intention or obligation to update any forward-looking statements

as a result of developments occurring after the date of this communication.