Torm PLC

Major Shareholding Notification • Dec 23, 2025

{0}------------------------------------------------

Major Shareholder Announcement

With reference to TORM plc's (Nasdaq: TRMD or TRMD A) company announcements dated 03 and 09 September 2025 regarding Hafnia Limited's ("Hafnia") potential acquisition of shares in TORM plc from Oaktree Capital Management, L.P. and its affiliates ("Oaktree"), TORM plc has been informed by Oaktree that this acquisition was completed on 22 December 2025.

Following completion of the acquisition, TORM plc understands that Oaktree holds 26,425,059 A shares, and Hafnia holds 14,156,061 A shares, out of a total of 101,332,707 A shares of USD 0.01 each.

Accordingly, following receipt of Oaktree's threshold notice, the board of directors will now undertake the processes required under article 5 of TORM plc's articles of association ("Articles") to determine whether the "threshold date" defined in the Articles (being the first time at which Oaktree and its affiliates have ceased to beneficially own at least one third of the issued shares, excluding any shares held in treasury) has occurred.

Once the threshold date has been determined, each of the office of the B director, the C share voting rights and the limitations on TORM plc's actions set out in Article 137 will cease to have effect on the threshold date in accordance with the Articles and the B and C share will be redeemed and cancelled.

Further announcements will be made as appropriate once these processes are concluded.

Contact

Mikael Bo Larsen , Head of Investor Relations Tel.: +45 5143 8002

About TORM

TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a s trong 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 Statement 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 informa tion about their business. Forward -looking statements reflect our current views with respect to future events and financial performance and may include statements conce rning 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 Re form 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," "inte nds," "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 assumpt ions, including without limitation, management's examination of historical operating trends, data contained in our reco rds and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inhere ntly subject to significant uncertainties and contingencies that are difficult or impossibl e 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 regula tions or actions taken by regulatory authorities; inflationary pressure and central bank policies intended to combat overall inflation and rising interest rates and foreign ex change rates; general

{1}------------------------------------------------

COMPANY ANNOUNCEMENT

domestic and international political conditions or events, including "trade wars" and the war between Russia and Ukraine, the developments in the Middle East, including the war in Israel and the Gaza Strip, and the conflict regarding the Houthis' attacks i n the Red Sea; international sanctions against Russian oil and oil products; changes in economic and competitive conditions affecting our business, including market fluctuations in charter rates and charterers' abilities to perform under existing time char ters; 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; chang es 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 employ ees of other companies in related industries; effects of new products and new technology in our industry; new env ironmental regulations and restrictions; the impact of an interruption in or failure of our information technology and communications systems, including the impact of cyb er-attacks, upon our ability to operate; potential conflicts of interest involving mem bers 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; adequacy of in surance coverage; our ability to obtain inde mnities from customers; changes in laws, treaties or regulations; our incorporation under the laws of England and Wales and t he different rights to relief that may be available compared to other countries, including the United States; government requisitio n 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 trigge r retaliatory actions by the affected countries; the impact of the U.S. presidential and congre ssional election results affecting the economy, future government laws and regulations and trade policy matters, such as the imposition of tariffs and other import restrictions; potential disruption o f shipping routes due to accidents, climate -related inci dents, adverse weather and natural disasters, environmental factors, political events, public health threats, acts by terrorists or acts of piracy on ocean -going vessels; damage to storage and receiving facilities; potential liability from future litigatio n 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 r evisions or updates to these forward -looking statements to reflect events or circumstances after the date of this release or to refl ect 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.