Braemar Shipping Services : Strategy Update Presentation March 2021

A new strategy centred on Shipbroking

March 2021

Profit Upgrade

Net debt down by 40%

Integration of Naves into Shipbroking

Joint venture planned between Cory and Vertom

Shipbroking the focal point of new strategic direction

Disclaimer

This presentation (this "presentation") is for general information only and is the property of Braemar Shipping Services Plc ("Braemar"). Making this presentation available in no circumstances whatsoever implies the existence of a commitment or contract by or with Braemar, or any of its affiliated entities, or any of its or their respective subsidiaries, directors, officers, representatives, employees, advisers or agents ("Affiliates") for any purpose. This presentation as well as any other related documents or information do not purport to be all inclusive or to contain all the information that you may need. There is no obligation of any kind on Braemar or its Affiliates to update this presentation. No representation or warranty, express or implied, is or will be made in relation to, and no responsibility or liability is or will be accepted by Braemar or its Affiliates as to, or in relation to, the accuracy, reliability, or completeness of any information contained in this presentation and Braemar (for itself and on behalf of its Affiliates) hereby expressly disclaims any and all responsibility or liability (other than in respect of a fraudulent misrepresentation) for the accuracy, reliability and completeness of such information. This document contains forward-looking statements, including, without limitation, statements containing the words "targets", "believes", "expects" ,"estimates", "intends", "may", "plan", "will", "anticipates"" and similar expressions (including the negative of those expressions). Braemar believes that the expectations reflected in these statements are reasonable, but forward-looking statements involve unknown risks, uncertainties and other factors which may cause the actual results, financial condition, performance or achievements of Braemar, or industry results, to be materially different from any future results, performance or achievements expressed or implied by those forward-looking statements. Factors that might cause a difference include, but are not limited to, the risk factors set out in Braemar's latest Annual Report, which is available from its website. The forward-looking statements contained in this document are made on the date of this document, and Braemar is not under any obligation to update those forward-looking statements in this presentation to reflect actual future events or developments.

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Presentation team

James Gundy Group CEO

Nick Stone

COO & Finance Director

Tris Simmonds

MD - Braemar Atlantic Securities

Henry Curra

Global Head of Research

Axel Siepmann

MD - Braemar Naves

Braemar Refocused