Great Eastern Shipping Co. Ltd. — Capital/Financing Update 2020

Nov 27, 2020

==> picture [425 x 89] intentionally omitted <==

Our Ref.: S/2020/JMT

November 27, 2020

BSE Limited 1[st] Floor, Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI – 400 001

National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C/1, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051

Dear Sir,

We wish to inform you that the Company has contracted to sell its 2000 built Suezmax Crude Carriers, Jag Lateef and Jag Laadki of about 147,080 dwt and about 150,284 dwt respectively. The vessels will be delivered to the new buyers in H2 FY 2020-21.

A Press Release to be issued in this connection is enclosed.

You are requested to kindly take note of the above.

Thanking You, Yours faithfully, For The Great Eastern Shipping Co. Ltd.

==> picture [72 x 62] intentionally omitted <==

Jayesh M. Trivedi President (Secl. & Legal) & Company Secretary

www.greatship.com

==> picture [468 x 98] intentionally omitted <==

PRESS RELEASE

G E Shipping contracts to sell its two oldest Suezmax Crude Carriers “Jag Lateef” & “Jag Laadki”

The Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2000 built Suezmax Crude Carriers, Jag Lateef and Jag Laadki of about 147,080 dwt and about 150,284 dwt respectively. The vessels will be delivered to the new buyers in H2 FY 2020-21.

The Company’s current fleet stands at 47 vessels, comprising 34 tankers (11 crude carriers, 18 product tankers, 5 LPG carrier) and 13 dry bulk carriers with an average age of 12.48 years aggregating 3.80 mn dwt. The company has also contracted to buy a Secondhand Capesize Bulk Carrier which is expected to be delivered in H2 FY 2020-21.

Place: MUMBAI

Date: November 27, 2020

-----------------------------------------visit us at www.greatship.com--------------------------------------For further details, please email us at: corp_comm@greatship.com

www.greatship.com