The Board of Pacific Basin Shipping Limited has proposed a final dividend for the year ended 31 December 2019 of HK 2.1 cents per share and if such dividend is approved by the shareholders at the 2020 Annual General Meeting of the Company, it is expected to be paid on or about 5 May 2020 to those shareholders whose names appear on the Company's register of members on 21 April 2020. The register of members will be closed on 21 April 2020 on which no transfer of shares in the Company will be effected. In order to qualify for the proposed final dividend, all transfer forms accompanied by the relevant share certificates must be lodged with the Company's Hong Kong branch registrar, Computershare Hong Kong Investor Services Limited, at Room 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, for registration not later than 4:30 p.m. on 20 April 2020. The ex-dividend date for the final dividend will be on 17 April 2020.