Stainless Tankers - Updated key information relating to proposed cash dividend

26 February 2024

This notice updates the key information relating to the proposed cash dividend
published by Stainless Tankers ASA (the "Company") on 7 February 2024. The
Company's general meeting has resolved to pay a cash dividend, the key
information regarding this dividend is as follows: 

Dividend amount: USD 0.225 per share

Dividend distribution: in NOK at 2.3628375 per share

Last day including right: 21 February 2024

Ex-date: 22 February 2024 

Record date: 23 February 2024

Payment date: on or about 1 March 2024

Date of approval: 21 February 2024

Other information: The distribution will constitute a repayment of the Company's
paid-in capital.

For more information, please contact:

Alex Karakassis, CEO
E-mail: alex.karakassis@tufton.com 

Irene Michael, CFO
E-mail: irene.michael@tufton.com

About Stainless Tankers ASA | www.stainlesstankers.com

Stainless Tankers ASA is a shipping company specialized in providing seaborne
transportation of chemical cargoes worldwide. The Company provides investors
with pure-play stainless steel chemical tanker exposure in an investor friendly
structure through its fleet of nine stainless steel vessels, each with an
approximate total carrying capacity of 20,000dwt. The fleet is managed by Tufton
Management Limited, with a primary focus on maximizing earnings and distributing
excess operating cashflow to shareholders.

About Tufton

Tufton is a leading investment manager focused on the shipping industry, with
c.$1.0 bn of assets under management across a number of funds, including
London-listed Tufton Oceanic Assets Limited (SHIP.L) and Euronext Growth Oslo
listed Stainless Tankers ASA (STST).

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