Torm PLC

Share Issue/Capital Change • Dec 16, 2025

TORM plc appoints Simon Mackenzie Smith as Chair of the Board

INS IDE INFORMATION

TORM plc (Nasdaq: TRMD or TRMD A) is pleased to announce that the Board of Directors has appointed Simon Mackenzie Smith as the new Chair of the Board, succeeding Chris Boehringer. The appointment follows a planned process and reflects the Board's strong f ocus on ensuring continuity and long -term value creation for TORM and our shareholders.

Chris Boehringer was appointed Chair of the Board in 2015 and will continue to serve as a member of the Board. During this period, TORM has strengthened our financial position and continued to develop the One TORM platform, which has been fundamental to ou r continued market -leading performance.

"It has been a pleasure and an honor to serve as Chair of TORM. During this period, TORM has achieved significant long -term value creation for our shareholders, and I am confident that the competencies Simon Mackenzie Smith brings will support the continued development of TORM," says Chris Boehringer.

Commenting on the appointment, Simon Mackenzie Smith adds, "I am honored to join TORM and look forward to further strengthening the position of the company. Together, we will focus on delivering long -term value for our customers and shareholders."

About Simon Mackenzie Smith

Simon Mackenzie Smith is currently Chair of Dowlais Group plc and a non -executive director at Interpath Limited. Prior to this he had a 35 -year career in corporate finance and investment banking. He has held senior leadership positions, most recently as Chair of Corporate and Investment Banking UK and Ireland at Bank of America Merrill Lynch. He brings extensive experience advising international companies in energy and related asset -intensive industries.

Contact

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

Joakim Nørholm Vasehus, Head of Communications

Tel.: +45 3037 9012

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,"

COMPANY ANNOUNCEMENT

"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 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 in the Red Sea; international sanctions against Russian oil and oil products; changes in economic and competitive conditions affecting our business, including market fluctuations in cha rter rates and charterers' abilities to perform under existing time charters; changes in the supply and demand for vessels compara ble 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 lab or costs; work stoppages or other labor disruptions by our employees or the employees of other companies in related industries; effects of new products and new technology in our industry; new environmental regulations and restrictions; the impact of an i nterruption 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 f ailure 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 indemnities from customers; changes in laws, treaties or regula tions; 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 ou r vessels during a period of war or emergency; the a rrest of our vessels by maritime claimants; any further changes in U.S. trade policy that could trigger retaliatory actions b y the affected countries; the impact of the U.S. presidential and congressional election results affecting the economy, future gove rnment 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 incidents, 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 litigation and potential costs due to environmental damage and vesse l 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.