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

Mar 20, 2021

59079_rns_2021-03-20_14eee33f-5b35-453d-8455-33435cd51ce2.pdf

Capital/Financing Update

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March 20, 2021

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Our Ref.: S/2021/JMT

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 signed a contract to buy a secondhand Midsize Gas Carrier of about 35,188 cbm. The 2006 Korean built vessel is expected to join the Company’s fleet in Q1 FY 2021-22.

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 contracts to buy a Secondhand Midsize Gas Carrier

The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a secondhand Midsize Gas Carrier of about 35,188 cbm. The 2006 Korean built vessel is expected to join the Company’s fleet in Q1 FY 2021-22.

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 previously 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 20, 2021

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

www.greatship.com