| Announcement Title | Asset Acquisitions and Disposals |
| Date & Time of Broadcast | Dec 6, 2018 20:40 |
| Status | New |
| Announcement Sub Title | Letter of intent for the construction of two LR2 Product Tankers |
| Announcement Reference | SG181206OTHRVZSF |
| Submitted By (Co./ Ind. Name) | Efstathios Topouzoglou |
| Designation | Non-Independent Non-Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Please see attached. |