Pelagic Credit Plc – Investment in Pre- and Post-Delivery Financing for Two Chemical Tankers

Limassol 21 July 2026

Pelagic Credit Plc (the "Company") is pleased to announce that it has entered into definitive agreements for a pre- and post-delivery financing investment in two 10,000 dwt chemical tankers (the "Vessels"), with an aggregate transaction value of US$24.7 million during the predelivery phase. The transaction marks the Company's first investment in the chemical tanker sector.

The financing is structured across two phases. During construction, a US$24.7 million predelivery loan will fund yard progress payments through to delivery, expected to generate approximately US$4.2 million in distributable earnings from fees and interest. The loan is secured by a refund guarantee from an internationally recognized financial institution. Upon delivery of each Vessel, the Company will enter into a sale-and-bareboat-charter-back transaction financing for the Vessels at terms in line with its investment criteria, subject to customary conditions.

The Vessels have been fixed on a long-term time charter to a leading energy infrastructure and fuel distribution company, and are owned by a globally recognized shipowner and operator with a diverse fleet.

The investment further diversifies the Company's portfolio and expands its exposure to long-term contracted cash flows supported by high-quality counterparties. It is expected to deliver attractive risk-adjusted returns consistent with the Company's investment criteria, supporting its ability to generate stable distributable cash flows in line with its quarterly dividend policy. The transaction is a new third-party origination that did not form part of the Company's stated pipeline in the IPO Memorandum.

Management believes that this new transaction is the best use of funds at this time. The Company remains committed to executing the pipeline with affiliated entities outlined in the IPO Memorandum and will continue to actively advance these opportunities alongside additional third-party transactions.

C. Tobias Backer, Chief Executive Officer of Pelagic Credit Plc, commented:

"This transaction is a natural extension of our disciplined, returns-led approach to deploying capital. It marks our entry into the chemical tanker segment, pairs attractive predelivery financing economics with an sale-and-bareboat-charter-back investment on delivery, and is underpinned by a long-term charter to a highly rated counterparty and a globally respected owner. It supports our objective of building a portfolio of long-term, contracted cash flows and delivering stable, growing distributions in line with our quarterly dividend policy."

The transaction is expected to close during July 2026, subject to customary closing conditions.

For further information, please contact:

C. Tobias Backer Chief Executive Officer tobias@pelagic-credit.com +357 97 771 170 / +44 7799 815 020 / +1 917 207-8680

This information is considered to constitute inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.