TORM plc announces closing of secondary public offering of its class A common shares

TORM plc (the "Company" or "TORM") (NASDAQ: TRMD ) (NASDAQ: TRMD A) today announces the closing of the previously announced secondary public offering of 9,000,000 of the Company's Class A common shares by OCM Njord Holdings S.à r.l. (the "Selling Shareholder"), a company indirectly owned by funds managed by Oaktree Capital Management, L.P. and its affiliates. Following the offering, the Selling Shareholder beneficially owns approximately 11.06% of the Company's Class A common shares. The Selling Shareholder also granted the underwriter a 30-day option to purchase up to an additional 1,350,000 Class A common shares offered in this offering.

The Company did not sell any Class A common shares and did not receive any proceeds from the offering. J.P. Morgan Securities LLC acted as sole underwriter for the offering.

TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety. environmental responsibility and customer service. TORM was founded in 1889 and conducts business worldwide. TORM's shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (NASDAQ: TRMD A) (NASDAQ: TRMD ) (ISIN: GB00BZ3CNK81).