ATHENS, GREECE, February 1, 2024: Okeanis Eco Tankers Corp. ("we", the
"Company", "OET" or "Okeanis") (NYSE:ECO / OSE:OET) is pleased to announce the
following financings update relating to its fleet. 

On January 31, 2024, we executed an agreement for a new $34.7 million senior
secured credit facility to finance the option to purchase back the Suezmax
vessel Milos from its current sale and lease back financier (the "Milos
Facility"). The Milos Facility is provided by a syndicate led by Kexim Asia
Limited and the transaction is expected to close in February. It is priced at
175 bps over the applicable Term SOFR, matures in six years, will be repaid in
quarterly instalments of $0.725 million each, together with a balloon instalment
of $17.3 million payable at maturity, will be secured by, among other things,
security over the Milos and is guaranteed by the Company.

On January 26 and 29, 2024, we executed amendments to the existing sale and
leaseback agreements on the VLCC vessels Nissos Kea and Nissos Nikouria (the
"Existing Leases Amendments") and a new sale and leaseback agreement on the VLCC
vessel Nissos Anafi (the "Anafi Lease"), respectively, both with CMB Financial
Leasing.

o	The Anafi Lease, in the amount of approximately $73.5 million, will be used to
refinance the existing indebtedness of the Nissos Anafi and other general
corporate purposes, and is expected to close in February. The agreement provides
for a bareboat charter with charterhire being paid quarterly, and which matures
in seven years. Charterhire will be paid in quarterly installments each
consisting of a fixed amount of approximately $1.180 million and a variable
amount priced at 190 bps over the applicable Term SOFR. The Anafi Lease includes
purchase options for the Company after the first year and throughout the tenor
of the lease, and is guaranteed by the Company.
o	The Existing Leases Amendments, which are expected to become effective within
the first  quarter of 2024, provide for a reduction of the pricing of the
variable amount of charterhire payable thereunder to 200 bps over the applicable
Term SOFR on both vessels, extend maturities to December 2030 for the Nissos Kea
and March 2031 for the Nissos Nikouria, and eliminate the previously stipulated
early prepayment fees in the case of exercise of the purchase options by the
Company after the first year. 

Iraklis Sbarounis, CFO of the Company, commented:
"We are pleased to announce our most recent financings, in line with our effort
to continuously optimize our capital structure. We take advantage of our strong
relationships with both existing and potential new financiers, stemming from
Okeanis' established position as well as their decades-long successful
cooperation with the Alafouzos family, to source deals with accretive value for
our shareholders. Executing the purchase option of the Milos is a milestone
transaction for us as it significantly improves our interest expense.
Furthermore, we have added the Nissos Anafi to our portfolio of sale and
leaseback transactions with CMB Financial Leasing, improving overall pricing
across all three vessels, extending maturities, and adding flexibility for the
future. We look forward to utilizing the momentum from our most recent
transactions to seek favorable terms for financing the purchase-back of our
other legacy leased Suezmax vessel Poliegos in June 2024, the second in a series
of four transactions which we expect may further improve our position."


Contacts

Company
Iraklis Sbarounis, CFO 
Tel: +30 210 480 4200 
ir@okeanisecotankers.com 

Investor Relations / Media Contact
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, N.Y. 10169
Tel: +1 (212) 661-7566
okeanisecotankers@capitallink.com


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


About OET 

OET is a leading international tanker company providing seaborne transportation
of crude oil and refined products. The Company was incorporated on April 30,
2018 under the laws of the Republic of the Marshall Islands and is listed on
Oslo Børs under the symbol OET and the New York Stock Exchange under the symbol
ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers
and eight modern scrubber-fitted VLCC tankers. 


Forward-Looking Statements 

This communication contains "forward-looking statements", including as defined
under U.S. federal securities laws. Forward-looking statements provide the
Company's current expectations or forecasts of future events. Forward-looking
statements include statements about the Company's expectations, beliefs, plans,
objectives, intentions, assumptions and other statements that are not historical
facts or that are not present facts or conditions. Words or phrases such as
"anticipate," "believe," "continue," "estimate," "expect," "hope," "intend,"
"may," "ongoing," "plan," "potential," "predict," "project," "should," "will" or
similar words or phrases, or the negatives of those words or phrases, may
identify forward-looking statements, but the absence of these words does not
necessarily mean that a statement is not forward-looking. Forward-looking
statements are subject to known and unknown risks and uncertainties and are
based on potentially inaccurate assumptions that could cause actual results to
differ materially from those expected or implied by the forward-looking
statements. The Company's actual results could differ materially from those
anticipated in forward-looking statements for many reasons, including as
described in the Company's filings with the U.S. Securities and Exchange
Commission. Accordingly, you should not unduly rely on these forward-looking
statements, which speak only as of the date of this communication. Factors that
could cause actual results to differ materially include, but are not limited to,
the Company's operating or financial results