Pacific Basin Shipping Limited — Proxy Solicitation & Information Statement 2025

Apr 2, 2025

B

Pacific Basin Shipping Limited

(incorporated in Bermuda with limited liability)

(Stock Code: 2343)

FORM OF PROXY FOR ANNUAL GENERAL MEETING

TO BE HELD ON FRIDAY, 25 APRIL 2025

No. of Shares to which this proxy form relates (Note 1)

I/We (Note 2)

of (Note 3)

with email address (Note 4)

Shareholder(s) of PACIFIC BASIN SHIPPING LIMITED (the "Company") hereby appoint (Note 5) the chairman of the annual general meeting of the Company (the "Meeting") or

of

as my/our proxy to attend, act and vote for me/us and on my/our behalf at the Meeting to be held on Friday, 25 April 2025 at 10:00 a.m. and at any adjournment thereof by means of an online virtual meeting as hereunder indicated in respect of the Resolutions set out in the Notice of the Meeting dated 2 April 2025 (the "AGM Notice"), and, if no such indication is given, as my/our proxy thinks fit.

ORDINARY RESOLUTIONS		For (Note 6)	Against (Note 6)
1	To receive and adopt the audited financial statements, the report of the directors of the Company (the “Directors”) and the report of the auditors of the Company for the year ended 31 December 2024
2	To declare final dividend for the year ended 31 December 2024
3	(a) To re-elect Mrs. Irene Waage Basili as an Independent Non-Executive Director
	(b) To re-elect Dr. Kirsi Kyllikki Tikka as an Independent Non-executive Director
	(c) To re-elect Mr. Alexander Howarth Yat Kay Cheung as a Non-executive Director
	(d) To re-elect Ms. Kalpana Desai as an Independent Non-executive Director
	(e) To re-elect Ms. Wang Xiaojun Heather as an Independent Non-executive Director
	(f) To authorise the board of Directors (the “Board”) to fix the remuneration of the Directors
4	To re-appoint Messrs. PricewaterhouseCoopers as the auditors of the Company for the year ending 31 December 2025 and to authorise the Board to fix their remuneration
5	To grant a general mandate to the Directors to issue Shares as set out in item 5 of the AGM Notice
6	To grant a general mandate to the Directors for the buy-back of Shares as set out in item 6 of the AGM Notice
7	To adopt a new share award scheme and to grant the scheme mandate to the Directors to issue Shares as set out in item 7 of the AGM Notice

Dated this __ day of __ 2025

Signature(s) (Note 7)

PLEASE TURN OVERLEAF FOR IMPORTANT NOTES

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Notes:

THIS FORM IS APPLICABLE ONLY IF YOU ARE A REGISTERED SHAREHOLDER. You are not a registered shareholder if your Shares are held via banks, brokers, custodians, or the Hong Kong Securities Clearing Company Limited. In such a case, you should consult your banks or brokers or custodians (as the case may be) directly to assist you in the appointment of proxy.

(1) Please insert the number of Shares registered in your name(s) to which the proxy form relates. If no number is inserted, this form of proxy will be deemed to relate to all the Shares in the capital of the Company registered in your name(s).

(2) Please insert the full name(s) in BLOCK CAPITALS.

(3) Please insert the address in BLOCK CAPITALS.

(4) If the proxy appointed is not the Chairman of the Meeting, you are required to provide a valid email address of your proxy for him or her to receive login details to access the online platform. If no email address is provided, your proxy cannot attend the online Meeting and participate in online voting.

(5) If a proxy other than the Chairman of the Meeting is preferred, delete the words "the Chairman of the Meeting or" and insert the name and address of the proxy desired in the space provided. A member may appoint one or more proxies to attend and vote in his stead. A proxy need not be a member of the Company.

(6) IMPORTANT: IF YOU WISH TO VOTE FOR ANY RESOLUTION, PLEASE TICK “✓” IN THE BOX MARKED “FOR”. IF YOU WISH TO VOTE AGAINST ANY RESOLUTION, TICK “✓” IN THE BOX MARKED “AGAINST”. If you do not indicate how you wish your proxy to vote, your proxy will be entitled to exercise his discretion. Your proxy will also be entitled to vote at his discretion on any resolutions properly put to the Meeting other than those referred to in the AGM Notice convening the Meeting.

(7) This form of proxy must be signed by you or your attorney duly authorised in writing or, in the case of a corporation, must either be executed under its common seal or under the hand of an officer, attorney or other person duly authorised to sign the same.

(8) Where there are joint registered holders of any Share, any one of such persons may attend the online platform personally or by proxy in respect of such Share as if he were solely entitled thereto, but if more than one of such joint holders votes at the Meeting by proxy, then one of the said persons so present whose name appears first on the register in respect of such Share shall alone be entitled to vote in respect thereof.

(9) To be valid, this form of proxy, together with the power of attorney or other authority (if any) under which it is signed or a certified copy of that power of attorney or authority, must be deposited at the Company's Hong Kong Share Registrar at Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, not less than 48 hours before the time appointed for the Meeting or at any adjournment thereof.

(10) ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE DULY INITIALLED BY THE PERSON WHO SIGNS IT.

(11) The full text of the above resolutions are set out in the AGM Notice.

PERSONAL INFORMATION COLLECTION STATEMENT

Your supply of your and your proxy's (or proxies') name(s) and address(es) is on a voluntary basis for the purpose of processing your request for the appointment of a proxy (or proxies) and your voting instructions for the AGM (the "Purpose"). Your and your proxy's (or proxies') name(s) and address(es) may be disclosed or transferred by the Company to its subsidiaries, the Share Registrar, and/or other companies, service providers or bodies for the Purpose and to such parties who are authorised by law to request the information or are otherwise relevant for the Purpose and need to receive the information. Your and your proxy's (or proxies') name(s) and address(es) will be retained for such period as may be necessary to fulfil the Purpose. Request for access to and/or correction of the relevant personal data can be made in accordance with the provisions of the Personal Data (Privacy) Ordinance, Chapter 486 of the Laws of Hong Kong. Any such request for access to and/or correction of the relevant personal data should be in writing, by mail to Privacy Officer of Computershare Hong Kong Investor Services Limited at the above address or by email to PrivacyOfficer@computershare.com.hk.