Precious Shipping Public Company Limited entered into between certain wholly-owned Singapore subsidiaries of the Company and Crédit Agricole Corporate and Investment Bank to finance 6 vessels. Precious Shipping Public Company Limited notify the Stock Exchange of Thailand that on 6 November 2023, certain wholly-owned Singapore subsidiaries of the Company, namely Precious Glories Pte. Ltd., Precious Wisdom Pte.

Ltd., Precious Bridges Pte. Ltd., and Precious Sparks Pte. Ltd. as the Borrowers have executed a USD 37,500,000 Senior Secured Amortizing Term Loan Agreement the Lender mainly to refinance the Existing Loan Agreement.

Interest Rate: USD SOFR plus Margin. Repayment: Each Tranche shall be repaid in 20 quarterly instalments, together with a balloon payment payable on final maturity of the Loan. Security: Guarantee from the Company and the Shareholder; First priority mortgage on the 4 Vessels, i.e., M.V. Vipha; Naree, M.V. Viyada Naree, M.V. Daranee Naree and M.V. Baranee Naree; Pledge of shares in the Subsidiaries; First priority assignment of insurances and requisition, compensation, earnings and any charterparties (for a period of 12 months or more) in respect of the Vessels; First priority charge over the Borrowers' Earnings Accounts and Retention Accounts; First priority charge over the Borrowers' rights under the hedging agreement.