HAFNIA LIMITED: Hafnia enters into a binding share purchase agreement to acquire 14.45% of TORM's shares from Oaktree

With reference to the stock exchange announcement of 3 September 2025, HafniaLimited ("Hafnia", the "Company", OSE ticker code: "HAFNI", NYSE ticker code:"HAFN") today announces that it has entered into a binding share purchaseagreement (the "Share Purchase Agreement") with Oaktree Capital Management,L.P.and its affiliates (together, "Oaktree"), to acquire approximately 14.1millionA shares in TORM plc ("TORM", CSE ticker code: "TRMD A", NASDAQ ticker code:"TRMD"), representing approximately 14.45% of TORM's issued share capital. TheAshares are priced at US$ 22 per share for a total purchase price of US$311,433,342.

Completion of Hafnia's acquisition of the shares from Oaktree is subject tothefulfilment of customary conditions precedent, including among others,obtainingany required regulatory clearances and approvals, satisfaction of certaincovenants and appointment of a new independent board chair of TORM.

Upon completion Hafnia will hold approximately 14.45% of issued share capitalinTORM.

Hafnia is pleased to be making this sizeable investment in TORM. Followingmarket reports referring to the possibility of a business combination on a netasset value basis (NAV-for-NAV), Hafnia agrees that it is to the benefit ofshareholders in both companies to explore such strategic opportunities.However,discussions have yet to take place and there can be no assurance that thiswilllead to any transaction.

Hafnia duly notes TORM's announcement of 9 September 2025 that the UK CityCodeon Takeovers and Mergers does not apply to TORM.

For further information, please contact:Sheena Williamson-HoltHead of Communications and Branding Direct: +45 33 699 190 Mobile: +45 24 78 85 88swh@hafnia.com

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About Hafnia Limited:

Hafnia is one of the world's leading tanker owners, transporting oil, oilproducts and chemicals for major national and international oil companies,chemical companies, as well as trading and utility companies.

As owners and operators of around 200 vessels, we offer a fully integratedshipping platform, including technical management, commercial and charteringservices, pool management, and a large-scale bunker procurement desk. Hafniahasoffices in Singapore, Copenhagen, Houston, and Dubai and currently employsover4000 employees onshore and at sea.

Hafnia is part of the BW Group, an international shipping group involved inoiland gas transportation, floating gas infrastructure, environmentaltechnologies,and deep-water production for over 80 years.

This information is subject to the disclosure requirements pursuant to section5-12 of the Norwegian Securities Trading Act.

Forward-Looking StatementsThis announcement includes forward-looking statements within the meaning ofSection 27A of the Securities Act of 1933, as amended (the "Securities Act"),and Section 21E of the Securities Exchange Act of 1934, as amended. Theseforward-looking statements include, but are not limited to, statementsregardingthe Share Purchase Agreement and the possibility of exploring a businesscombination transaction with TORM, and statements containing words such as"anticipate," "approximate," "believe," "plan," "estimate," "expect,""project,""could," "would," "should," "will," "intend," "may," "potential," "upside,"andother similar expressions. Statements in this announcement that are nothistorical facts are forward-looking statements that are estimates reflectingthe best judgment of Hafnia based upon currently available information. Suchforward-looking statements are inherently uncertain, and shareholders andotherpotential investors must recognise that actual results may differ materiallyfrom Hafnia's expectations as a result of a variety of factors, including,without limitation, those discussed below. The forward-looking statements inthis announcement are based upon various assumptions, many of which are based,in turn, upon further assumptions, including, without limitation, management'sexamination of historical operating trends, data contained in Hafnia's recordsand other data available from unrelated parties.

Risks and uncertainties related to any potential transaction with TORMinclude,but are not limited to, uncertainty as to whether Hafnia or TORM will pursue,enter into or consummate a potential transaction; potential adverse reactionsorchanges to business relationships resulting from the announcement, pursuit orcompletion of a potential transaction; uncertainties as to the timing of apotential transaction; adverse effects on Hafnia's share price resulting fromthe announcement, pursuit or consummation of a potential transaction or anyfailure to complete a potential transaction; competitive responses to theannouncement or consummation of a potential transaction; the risk thatregulatory or other approvals required for the consummation of a potentialtransaction are not obtained, or are obtained subject to terms and conditionsthat are not anticipated; and any changes in general economic and/orindustry-specific conditions. Many of these factors are beyond Hafnia'scontrol.Hafnia cautions investors that any forward-looking statements made by Hafniaarenot guarantees of future performance. Hafnia disclaims any obligation toupdateany such factors or to announce publicly the results of any revisions to anyofthe forward-looking statements to reflect future events or developments. Therecan be no assurance that any discussions will result in a proposal, agreementortransaction, nor as to the terms, timing or likelihood of any such transactionproceeding.

Additional InformationThis announcement is provided for informational purposes only and does notconstitute an offer to purchase or the solicitation of an offer to sell anysecurities.

The distribution of this announcement in certain jurisdictions may berestrictedor affected by the laws of such jurisdictions. Accordingly, copies of thisannouncement are not being, and must not be, mailed or otherwise forwarded,distributed or sent in, into or from any such jurisdiction. Therefore, personswho receive this announcement (including, without limitation, nominees,trusteesand custodians) and are subject to the laws of any such jurisdiction will needto inform themselves about, and observe, any applicable restrictions orrequirements. Any failure to do so may constitute a violation of thesecuritieslaws of any such jurisdiction. To the fullest extent permitted by applicablelaw, Hafnia disclaims any responsibility or liability for the violations ofanysuch restrictions by any person.

Important NoticeFor the avoidance of doubt, this announcement is not a public takeover offerandthis announcement does not represent a formal decision by Hafnia or any of itsaffiliates to make a public takeover offer within the meaning of section 4(1) ofthe Danish Takeover Order (Executive Order no. 614 dated 2 June 2025).

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