Secured long-term loan facility agreement in the amount of USD 44 million

Tankerska Next Generation Shipping Joint Stock Company (hereinafter: the Company) has signed a long-term loan facility agreement in an aggregate amount of up to USD 44 million. The loan agreement was concluded with CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK and HAMBURG COMMERCIAL BANK AG for a loan tenor of 5 years. The Company will utilize the funds for the early repayment of existing loan facilities maturing in 2021, which partly financed the purchase of newbuildings M/T Vukovar, M/T Zoilo and M/T Dalmacija during 2015

By concluding this financial arrangement, the Company confirms its recognized position in the international banking market and expands cooperation with new international creditors who have placed their trust with the Company and recognized us as a reliable and long-term partner.

In accordance with its strategy of maintaining financial stability and liquidity, the Company is continuously committed to the implementation of the plan for refinancing its credit liabilities maturing in 2021 and 2022.