Precious Shipping Public Company Limited notified that the company and certain wholly-owned Thai subsidiaries of the Company, namely Precious Rubies Limited and Precious Opals Limited as the Borrowers have executed a USD 25,500,000 term loan facility ("Loan Facility") with Export-Import Bank of Thailand. The purpose of the Loan Facility is to support the Borrowers' operations. Lender is Export-Import Bank of Thailand.

Purposes is to support the Borrowers' operations. Facility Amount is Up to USD 25,500,000. Interest Rate is USD SOFR plus margin.

Availability period is 24 months from the date of the Loan Agreement. Repayment is The Loan Facility shall be repaid in 28 quarterly installments beginning three calendar months after the drawdown. Security includes First priority mortgage on the 2 vessels owned by the Subsidiaries, i.e., M.V. Inthira Naree and M.V. Issara Naree ("Vessels"); First priority assignment of insurances and requisition compensation, earnings and any charter parties (for a period of 12 months or more) of the Vessels; Pledge of shares in the Subsidiaries.

The Company shall comply with the following to be measured on an annual basis, based on its year-end consolidated USD Financial Statements: Maximum Debt to Total Shareholders' Equity ratio of 2:1; Minimum Total Shareholders' Equity of USD 300,000,000. Maintain a minimum Free Cash Balance of USD 200,000 per vessel owned by the Company and its subsidiaries.