Torm PLC

Director's Dealing • Oct 7, 2024

Report of transactions in TORM plc securities by directors and executive officers and their closely associated persons

Report of transactions in TORM plc securities by directors and executive officers and their closely associated persons

TORM plc has been notified of the following transactions in TORM plc securities:

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|Details of the reporting person /closely associated person |

+---------------------------------------+--------+------------------+

|Name |Göran Trapp |

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|Reason for the notification |

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|Position/status |Board Member |

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|Initial notification/Amendment |Initial notification |

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|Details of the issuer |

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|Name |TORM plc |

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|LEI code |213800VL1H1ABVM1ZF63 |

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|Details of the transaction(s) |

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|Description of the financial instrument|Shares (ISIN: GB00BZ3CNK81)|

| | |

|Identification code | |

+---------------------------------------+--------+------------------+

|Nature of the transaction |Sale |

+---------------------------------------+--------+------------------+

|Price(s) and volume(s) |Price(s)|Volume(s) |

+---------------------------------------+--------+------------------+

|DKK 223.83/share |6,410 |

+---------------------------------------+--------+------------------+

|Aggregated information |6,410 shares |

| | |

|- Volume |DKK 1,434,750 |

| | |

|- Price | |

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|Date of the transaction |02 October 2024 |

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|Place of the transaction |Outside a trading venue |

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|Details of the reporting person /closely associated person |

+---------------------------------------+--------+------------------+

|Name |Jacob Balslev Meldgaard |

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|Reason for the notification |

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|Position/status |CEO/Executive Director |

+---------------------------------------+--------+------------------+

|Initial notification/Amendment |Initial notification |

+---------------------------------------+--------+------------------+

|Details of the issuer |

+---------------------------------------+--------+------------------+

|Name |TORM plc |

+---------------------------------------+--------+------------------+

|LEI code |213800VL1H1ABVM1ZF63 |

+---------------------------------------+--------+------------------+

|Details of the transaction(s) |

+---------------------------------------+--------+------------------+

|Description of the financial instrument|Shares (ISIN: GB00BZ3CNK81)|

| | |

|Identification code | |

+---------------------------------------+--------+------------------+

|Nature of the transaction |Sale |

+---------------------------------------+--------+------------------+

|Price(s) and volume(s) |Price(s)|Volume(s) |

+---------------------------------------+--------+------------------+

|DKK 223.23/share |44,917 |

+---------------------------------------+--------+------------------+

|Aggregated information |44,917 shares |

| | |

|- Volume |DKK 10,006,851 |

| | |

|- Price | |

+---------------------------------------+--------+------------------+

|Date of the transaction |03 October 2024 |

+---------------------------------------+--------+------------------+

|Place of the transaction |Refer to attached appendix |

+---------------------------------------+--------+------------------+

+---------------------------------------+--------+------------------+

|Details of the reporting person /closely associated person |

+---------------------------------------+--------+------------------+

|Name |Jacob Balslev Meldgaard |

+---------------------------------------+--------+------------------+

|Reason for the notification |

+---------------------------------------+--------+------------------+

|Position/status |CEO/Executive Director |

+---------------------------------------+--------+------------------+

|Initial notification/Amendment |Initial notification |

+---------------------------------------+--------+------------------+

|Details of the issuer |

+---------------------------------------+--------+------------------+

|Name |TORM plc |

+---------------------------------------+--------+------------------+

|LEI code |213800VL1H1ABVM1ZF63 |

+---------------------------------------+--------+------------------+

|Details of the transaction(s) |

+---------------------------------------+--------+------------------+

|Description of the financial instrument|Shares (ISIN: GB00BZ3CNK81)|

| | |

|Identification code | |

+---------------------------------------+--------+------------------+

|Nature of the transaction |Sale |

+---------------------------------------+--------+------------------+

|Price(s) and volume(s) |Price(s)|Volume(s) |

+---------------------------------------+--------+------------------+

|DKK 223.16/share |215,846 |

+---------------------------------------+--------+------------------+

|Aggregated information |215,846 shares |

| | |

|- Volume |DKK 48,070,840 |

| | |

|- Price | |

+---------------------------------------+--------+------------------+

|Date of the transaction |04 October 2024 |

+---------------------------------------+--------+------------------+

|Place of the transaction |Refer to attached appendix |

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Contact

Mikael Bo Larsen, Head of Investor Relations

Tel.: +44 5143 8002

About TORM

TORM is one of the world's leading carriers of refined oil products. TORM

operates a fleet of approximately 90 product tanker vessels with a strong

commitment to safety. environmental responsibility and customer service. TORM

was founded in 1889 and conducts business worldwide. TORM's shares are listed on

Nasdaq in Copenhagen and on Nasdaq in New York (ticker: TRMD A and TRMD. ISIN:

GB00BZ3CNK81). For further information. please visit www.torm.com.

Safe harbor statements as to the future

Matters discussed in this release may constitute forward-looking statements. The

Private Securities Litigation Reform Act of 1995 provides safe harbor

protections for forward-looking statements in order to encourage companies to

provide prospective information about their business. Forward-looking statements

reflect our current views with respect to future events and financial

performance and may include statements concerning plans, objectives, goals,

strategies, future events or performance, and underlying assumptions and other

statements, which are statements other than statements of historical facts. The

Company desires to take advantage of the safe harbor provisions of the Private

Securities Litigation Reform Act of 1995 and is including this cautionary

statement in connection with this safe harbor legislation. Words such as, but

not limited to, "expects," "anticipates," "intends," "plans," "believes,"

"estimates," "targets," "projects," "forecasts," "potential," "continue,"

"possible," "likely," "may," "could," "should" and similar expressions or

phrases may identify forward-looking statements.

The forward-looking statements in this release are based upon various

assumptions, many of which are, in turn, based upon further assumptions,

including without limitation, management's examination of historical operating

trends, data contained in our records and other data available from third

parties. Although the Company believes that these assumptions were reasonable

when made, because these assumptions are inherently subject to significant

uncertainties and contingencies that are difficult or impossible to predict and

are beyond our control, the Company cannot guarantee that it will achieve or

accomplish these expectations, beliefs, or projections. Important factors that,

in our view, could cause actual results to differ materially from those

discussed in the forward-looking statements include, but are not limited to, our

future operating or financial results; changes in governmental rules and

regulations or actions taken by regulatory authorities; the central bank

policies intended to combat overall inflation and rising interest rates and

foreign exchange rates; inflationary pressure; increased cost of capital or

limited access to funding due to EU Taxonomy or relevant territorial taxonomy

regulations; the length and severity of epidemics and pandemics and their impact

on the demand for seaborne transportation of petroleum products; general

domestic and international political conditions or events, including "trade

wars", and the conflict between Russia and Ukraine, the developments in the

Middle East, including the conflicts in Israel and the Gaza Strip, and the

conflict regarding the Houthi attacks in the Red Sea; changes in economic and

competitive conditions affecting our business, including market fluctuations in

charter rates and charterers' abilities to perform under existing time charters;

changes in the supply and demand for vessels comparable to ours and the number

of newbuildings under construction; the highly cyclical nature of the industry

that we operate in; the loss of a large customer or significant business

relationship; changes in worldwide oil production and consumption and storage;

risks associated with any future vessel construction; our expectations regarding

the availability of vessel acquisitions and our ability to complete acquisition

transactions planned; availability of skilled crew members other employees and

the related labor costs; work stoppages or other labor disruptions by our

employees or the employees of other companies in related industries; the impact

of increasing scrutiny and changing expectations from investors, lenders and

other market participants with respect to our ESG policies; Foreign Corrupt

Practices Act of 1977 or other applicable regulations relating to bribery;

effects of new products and new technology in our industry, including the

potential for technological innovation to reduce the value of our vessels and

charter income derived therefrom; new environmental regulations and

restrictions, whether at a global level stipulated by the International Maritime

Organization, and/or imposed by regional or national authorities such as the

European Union or individual countries; the impact of an interruption in or

failure of our information technology and communications systems, including the

impact of cyber-attacks, upon our ability to operate; potential conflicts of

interest involving members of our board of directors and senior management; the

failure of counterparties to fully perform their contracts with us; changes in

credit risk with respect to our counterparties on contracts; our dependence on

key personnel and our ability to attract, retain and motivate key employees;

adequacy of insurance coverage; our ability to obtain indemnities from

customers; changes in laws, treaties or regulations; our incorporation under the

laws of England and Wales and the different rights to relief that may be

available compared to other countries, including the United States; government

requisition of our vessels during a period of war or emergency; the arrest of

our vessels by maritime claimants; any further changes in U.S. trade policy that

could trigger retaliatory actions by the affected countries; potential

disruption of shipping routes due to accidents, climate-related incidents,

environmental factors, political events, public health threats, acts by

terrorists or acts of piracy on ocean-going vessels; the impact of adverse

weather and natural disasters; damage to storage and receiving facilities;

potential liability from future litigation and potential costs due to

environmental damage and vessel collisions; and the length and number of off

-hire periods and dependence on third-party managers.

In the light of these risks and uncertainties, undue reliance should not be

placed on forward-looking statements contained in this release because they are

statements about events that are not certain to occur as described or at all.

These forward-looking statements are not guarantees of our future performance,

and actual results and future developments may vary materially from those

projected in the forward-looking statements.

Except to the extent required by applicable law or regulation, the Company

undertakes no obligation to release publicly any revisions or updates to these

forward-looking statements to reflect events or circumstances after the date of

this release or to reflect the occurrence of unanticipated events. Please see

TORM's filings with the U.S. Securities and Exchange Commission for a more

complete discussion of certain of these and other risks and uncertainties. The

information set forth herein speaks only as of the date hereof, and the Company

disclaims any intention or obligation to update any forward-looking statements

as a result of developments occurring after the date of this communication.