Issue of Shares to Employee Share Ownership Plan

22 June 2021

BRAEMAR SHIPPING SERVICES PLC

("Braemar", the "Company" or the "Group")

Issue of Shares to Employee Share Ownership Plan

Braemar (LSE: BMS), a leading international provider of shipbroking, financial advisory, risk management and logistics services, announces that application has been made for 227,281 new ordinary shares of 10p each in the capital of Braemar ('Ordinary Shares') to be admitted to the Official List of the UK Listing Authority and to trading on London Stock Exchange's Main Market for listed securities ('Admission'). It is expected Admission will become effective and trading will commence at 8.00 a.m. on 28 June 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

The new Ordinary Shares have been allotted to the Company's Employee Share Ownership Plan to be used to satisfy share awards under the Company's employee incentive schemes (including the Braemar Shipping Services Plc Long-Term Incentive Plan; the Braemar Shipping Services Plc Restricted Share Plan and the Braemar Shipping Services Plc 2010 Company Share Option Plan).

Following Admission, the Company's issued share capital will comprise 31,974,899 Ordinary Shares, which figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. The Company does not hold any shares in treasury.

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Notes to Editors:

About Braemar Shipping Services Plc

Braemar is a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management. Braemar employs approximately 520 people in 30 offices worldwide across its Shipbroking, Financial and Logistics divisions.  

Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.

For more information, including our investor presentation, visit  www.braemar.com