Disclaimer and Forward-looking Statements Matters discussed in this Presentation may constitute
forward-looking statements under U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the current views of the Company with respect to future events and financial
performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. All statements, other
than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, the outlook for tanker rates,
general industry conditions including bidding activity, future operating results of the Company’s vessels, capital expenditures, expansion and growth opportunities, bank borrowings, financing activities and other such matters, are
forward-looking statements. Although the Company believes that its expectations stated in this Presentation are based on reasonable assumptions, actual results may differ from those projected in the forward-looking statements. Important factors
that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of the world economies and currencies, general market conditions, including changes in vessel charter
hire rates and vessel values, changes in demand for tankers, changes in our vessel operating expenses, including dry-docking, crewing and insurance costs, or actions taken by regulatory authorities, ability of customers to perform their
obligations under charter contracts on a timely basis, potential liability from future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by
terrorists, uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic. We undertake no obligation to publicly update or revise any forward-looking statement contained in this Presentation, whether as a result of new
information, future events or otherwise, except as required by law. In light of the risks, uncertainties and assumptions, the forward looking events discussed in this Presentation might not occur, and our actual results could differ materially
from those anticipated in these forward-looking statements. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction and no part of it shall form the basis of or be relied
upon in connection with any contract or commitment whatsoever.