Bruton Limited (BRUT) – Issue of Consideration Shares to the Shareholders of Andes Tankers II Ltd.

Bruton Limited (Euronext Growth Oslo: BRUT) (the “Company”) refers to the stock exchange release on 23 October 2025 relating to the unanimous acceptance of the tender offer for the shares of Andes Tankers II Ltd. (“Andes Tankers”).

All the shares of Andes Tankers have now been transferred to the Company. As such, the shareholders of Andes Tankers will receive 11,163,098 consideration shares, being new common shares of the Company in the same class of shares as the existing common shares. The Company has today arranged for the consideration shares to be legally and validly issued as fully paid-up.

An equal number of new Norwegian Depository Receipts (“NDRs”) representing the beneficial ownership rights to the consideration shares are expected to be issued in Euronext Securities Oslo (the “VPS”) by the Company’s account operator and NDR issuer, Equro Issuer Services AS, on 6 November 2025 and will subsequently be delivered to the shareholders of Andes Tankers without undue delay.

Following the issue of the consideration shares, the Company's issued share capital is increased by USD 1,116,309.80 to USD 5,239,999.80, divided into 52,399,998 shares, each with a nominal value of USD 0.10 per share. The beneficial ownership right to each common share is represented by an NDR in the VPS.

Hamilton, Bermuda, 5 November 2025
The Board of Directors

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.