SHIP Tufton Assets Limited

1 November 2024

Tufton Oceanic Assets Limited

("SHIP" or the "Company")

Change of Name to Tufton Assets Limited

Further to the Company's Result of AGM announcement issued on Thursday 24 October 2024, SHIP's change of name will be effective once the Guernsey Registry has issued a certificate of incorporation on change of name (the "Certificate"). It is expected the Certificate will be issued later today. The Company's shares will trade under the new name, Tufton Assets Limited, on the London Stock Exchange from 8:00 a.m. London Time on 4 November 2024.

The Company's TIDM, ISIN, Legal Entity Identifier (LEI) and SEDOL will remain unchanged.

In conjunction, the Company's website will also change to www.tuftonassets.com and its email address to SHIP@tuftonassets.com.

Shareholders should note that their shareholdings will be unaffected by the change of name. Existing share certificates should be retained as they will remain valid for all purposes and no new share certificates will be issued.

For further information, please contact:

About the Company

Tufton Assets Limited invests in a diversified portfolio of secondhand commercial sea-going vessels with the objective of delivering strong cash flow and capital gains to investors. The Company's investment manager is Tufton Investment Management Ltd. The Company has raised a total of approximately $316.5m (gross) through its Initial Public Offering on the Specialist Fund Segment of the London Stock Exchange on 20 December 2017 and subsequent capital raises.