Hafnia Limited Completes Acquisition of 13.97% of TORM plc A Shares

Hafnia Limited has announced the completion of its acquisition of approximately 14.1 million A shares in TORM plc, representing 13.97% of TORM's issued share capital. This acquisition follows the satisfaction of all conditions precedent in the Share Purchase Agreement with Oaktree Capital Management, L.P. and its affiliates. Hafnia has filed a Schedule 13D with the SEC detailing its current plans and intentions regarding this investment. The company, a leading tanker owner with a fleet of around 200 vessels, operates globally with offices in Singapore, Copenhagen, Houston, and Dubai. Hafnia is part of the BW Group. The announcement also includes forward-looking statements regarding potential future transactions with TORM, cautioning that actual results may differ due to various risks and uncertainties, including regulatory approvals and market conditions. No offer to sell or solicit an offer to buy securities is being made through this communication.