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Great Eastern Shipping Co. Ltd. Capital/Financing Update 2021

Mar 18, 2021

59079_rns_2021-03-18_d3efa067-efb9-4685-81c5-6d4ce1530f63.pdf

Capital/Financing Update

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Our Ref.: S/2021/JMT

March 18, 2021

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 delivered its 2006 built Supramax Bulk Carrier “Jag Roopa” to the buyers. The vessel was contracted for sale in December 2020.

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.

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

www.greatship.com

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PRESS RELEASE

G E Shipping delivers its Supramax Bulk Carrier “Jag Roopa” to the buyers

The Great Eastern Shipping Company Limited (G E Shipping) delivered its 2006 built Supramax Bulk Carrier “Jag Roopa” to the buyers. The vessel was contracted for sale in December 2020.

Excluding this vessel, the Company’s current fleet stands at 45 vessels, comprising 32 tankers (9 crude carriers, 18 product tankers, 5 LPG carrier) and 13 dry bulk carriers with an average age of 11.86 years aggregating 3.64 mn dwt. The company has contracted to buy a 2013 built Japanese Supramax Bulk Carrier which is expected to be delivered in Q1 FY 2021-22.

Place: MUMBAI Date: March 18, 2021

-----------------------------------------visit us at www.greatship.com--------------------------------------For further details, please email us at: [email protected]

www.greatship.com