Ardmore Shipping Provides Update on Fleet Investment, Dividend Policy, and Vessel Sale – Ardmore Shipping

• Signed agreements for the building and construction of 2 alternative 2 40,500 dwt IMO2 product/chemical tankers
• Doubling dividend payment ratio to two-thirds of adjusted profits, reliable 1Q 2026
• Concurred sale of one 2014-built MR tanker for $35.5 million with June shipment
• MR Area TCEs of $33,700 each day for 1Q 2026 and repaired $50,000 each day in 2Q 2026 to-date

HAMILTON, Bermuda, April 29, 2026/ PRNewswire/– Ardmore Shipping Corporation (NYSE: ASC) (” Ardmore” or the “Business”) today supplied the following upgrade on capital allotment, vessel sale, and most current TCE assistance.

The Business signed agreements for the building and construction of 2 highly-efficient and flexible 40,500 dwt Handysize product/chemical tankers at Wuhu Shipyard, at a rate of $44.9 million per vessel, inclusive of roughly $3 million for complete IMO2 requirements and MarineLine tank finishes. In addition, the Business is commissioning different efficiency and security upgrades. The contract likewise consists of choices to obtain 2 extra vessels on the exact same terms. Shipments are set up from late 2028.

Offering boosted trading choices throughout a large range of liquid freights, from mainstream oil items to specialized high spec chemicals, these sophisticated IMO2 possessions are well matched to our method and tested organizational abilities. At the exact same time, we have actually upgraded our dividend policy, doubling the proportional return of capital to investors, a core component of our capital allotment structure.

We continue to act upon appealing industrial chances, as our abovementioned vessel sale shows, following multi-ship acquisitions we concluded less than a year back at considerable discount rates to today’s levels. On the other hand, as shown in robust very first quarter reservations and additional TCE velocity into the 2nd quarter, Ardmore’s worldwide trading platform stays well placed to catch market strength.”

Ardmore provides energy, movement, and necessary products, supporting worldwide trade through the transport of improved items, chemicals and other liquid items. Running as a totally incorporated shipping business, all core commercial, technical, functional, and business functions are performed within the Ardmore public business structure. Through its worldwide platform, Ardmore preserves direct control over possession management, operations, and industrial execution, promoting constant requirements, performance, and responsibility throughout the fleet.

Matters talked about in this news release might make up positive declarations. The Personal Securities Lawsuits Reform Act of 1995 supplies safe harbor securities for positive declarations in order to motivate business to offer potential info about their service. Positive declarations consist of declarations worrying strategies, goals, objectives, expectations, forecasts, techniques, beliefs about future occasions or efficiency, and underlying presumptions and other declarations, which are besides declarations of historic truths. The Business desires to benefit from the safe harbor arrangements of the Personal Securities Lawsuits Reform Act of 1995 and is including this cautionary declaration in connection with this safe harbor legislation. The words “think”, “prepare for”, “mean”, “price quote”, “projection”, “job”, “strategy”, “possible”, “must”, “might”, “will”, “anticipate” and comparable expressions are amongst those that recognize positive declarations.

Positive declarations in this news release consist of, to name a few, declarations concerning: future operating or monetary outcomes; the Business’s future tactical concerns; the expense and set up shipment dates of newbuilding tankers bought by the Business, together with any choices to purchase extra tankers; the awaited shipment date of the tanker the Business has actually accepted offer; and anticipated payment, quantities, and timing of future dividends on shares of the Business’s typical stock. The positive declarations in this news release are based upon different presumptions, consisting of, to name a few, the Business’s evaluation of historic operating patterns, information included in the Business’s records and other information readily available from 3rd parties. Although the Business thinks that these presumptions were affordable when made, since these presumptions are naturally based on considerable unpredictabilities and contingencies which are challenging or difficult to anticipate and are beyond the Business’s control, the Business can not ensure you that it will accomplish or achieve these expectations, beliefs or forecasts. The Business warns readers of this release not to put excessive dependence on these positive declarations, which speak just since their dates. The Business carries out no commitment to upgrade or modify any positive declarations. These positive declarations are not assurances of the Business’s future efficiency, and real outcomes and future advancements might differ materially from those predicted in the positive declarations.

In addition to these crucial aspects, other crucial aspects that, in the Business’s view, might trigger real outcomes to vary materially from those talked about in the positive declarations consist of: possible shipyard hold-ups in building newbuilding tankers on order; hold-ups in the anticipated shipment of the tanker to be offered by the Business; the Business’s capability to charter vessels for staying income days throughout the 2nd quarter of 2026 in the area market; the Business’s operating outcomes and capital requirements; the statement of any future dividends by the Business’s board of directors; the result on the Business’s efficiency and capability to pay dividends of the strength of world economies and currencies, basic market conditions (consisting of variations in area and charter rates and vessel worths), modifications in need for and the supply of tanker vessel capability, modifications in the forecasts of area and time charter of the Business’s vessels, geopolitical disputes and advancements, modifications in the Business’s business expenses, basic domestic and worldwide political and trade conditions, real and possible interruption of shipping paths due to mishaps, piracy or other occasions, variations in oil rates, the marketplace for the Business’s vessels, and competitors in the tanker market; vessel breakdowns and circumstances of off-hire; and other aspects. Please see the Business’s filings with the U.S. Securities and Exchange Commission, consisting of the Business’s Kind 20-F for the year ended December 31, 2025, for a more total conversation of these and other threats and unpredictabilities.