Tankerska Next Generation d.d.

Capital/Financing Update • Mar 15, 2021

TANKERSKA NEXT GENERATION d.d.

B. Petranovića 4 23 000 Zadar, Croatia www.tng.hr

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Tel. +385 23 202 135 e-mail: tng@tng.hr

CROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY

Ulica Franje Račkog 6, 10 000 Zagreb

THE ZAGREB STOCK EXCHANGE Ivana Lučića 2a, 10 000 Zagreb

CROATIAN NEWS AGENCY Marulićev trg 16, 10 000 Zagreb

WEBSITE OF THE ISSUER

Listing: Zagreb Stock Exchange, Official Market ISIN: HRTPNGRA0000 Ticker: TPNG-R-A LEI: 74780000Y04HB9CIA883 Member State: Republic of Croatia

March 15th, 2021

Subject: Secured long-term loan facility agreement in the amount of USD 35.3 million

Tankerska Next Generation Shipping Joint Stock Company (hereinafter: the Company) has signed a longterm loan facility agreement in an aggregate amount of USD 35.3 million. The loan agreement was concluded with the current creditor ABN AMRO Bank N.V. for a loan tenor of 5 years.

The Company will utilize the majority of funds for the early repayment of the existing loan facility of the same creditor maturing in January 2022, which partly financed M/T Velebit, M/T Vinjerac and the purchase of newbuilding M/T Pag during 2015. The remaining funds will be invested in the abovementioned vessels in order to maintain their high level of competitiveness.

The signing of this financial arrangement confirms the Company's recognized position in the international banking market and provides continuous cooperation with a prominent international creditor who has placed its trust with the Company and recognized it as a reliable and long-term partner. Following its strategy of maintaining financial stability and liquidity, the Company has now fully implemented the plan to refinance its credit liabilities maturing in 2021 and 2022.

By concluding this financial arrangement, in addition to the one previously finalized in late 2020, the Company has now secured competitive refinancing for the whole fleet for the upcoming five-year period.

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Tankerska Next Generation d.d.

Tankerska Next Generation Shipping Joint Stock Company Božidara Petranovića 4, 23 000 Zadar, Croatia Short name of the company: Tankerska Next Generation Inc. Incorporated 22 August 2014 Company's Bank Account: Privredna Banka Zagreb Inc., Zagreb IBAN HR86 2340 0091 1106 7758 7 Swift code: PBZGHR2X

MBS (registration number) 110046753 Commercial Court in Zadar Share capital: 436,667,250.00 HRK paid completely Issued shares: 8,733,345 ordinary shares with no par value The President of Supervisory Board: Ivica Pijaca The Management Board: John Karavanić OIB (personal identification number): 30312968003 VAT identification number: HR30312968003