TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program

TORM plc (NASDAQ: TRMD) (NASDAQ: TRMD A) has increased its share capital by 22,666 Class A shares, corresponding to a nominal increase of USD 226.66, as a result of the exercise of a corresponding number of Restricted Share Units ("RSUs"). Of the new shares issued, 6,933 Class A shares were subscribed for in cash at DKK 139.90 per share and 15,733 Class A shares were subscribed for in cash at DKK 195.50 per share.

Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others.

The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and other rights in relation to TORM as of the date of issuance and (iii) are expected to be admitted to trading and official listing on Nasdaq Copenhagen as soon as possible.

After the capital increase, TORM's share capital totals to USD 1,023,897.84 divided into 102,389,784 A-shares with a nominal value of USD 0.01 each. Each A-share carries one vote.