The Board of Directors of Ardmore Shipping Corporation declared a cash dividend on May 9, 2023, of $0.35 per common share for the quarter ended March 31, 2023, based on the Company's current policy of paying out dividends on its shares of common stock equal to one-third of Adjusted Earnings, as calculated for dividends. The dividend will be paid on June 15, 2023, to all shareholders of record on May 31, 2023.