Tufton Oceanic Assets Ltd. Tufton Principals Increase Shareholdings

RNS Number : 4033C

Tufton Oceanic Assets Ltd.

08 February 2024

Tufton Oceanic Assets Limited

("Tufton Oceanic Assets" or the "Company")

Tufton Principals Increase Shareholdings

The Company notes that principals and staff of its Investment Manager, Tufton Investment Management Ltd ("Tufton"), acquired 225,000 ordinary shares in the capital of the Company on 7 February 2024. Tufton Shareholders* now hold directly or beneficially 12,169,702 shares compared with 11,210,831 shares as at 30 June 2023. Tufton Shareholders now hold 4.2% of the issued share capital in the Company compared with 3.7% as at 30 June 2023.

* Principal shareholders, employees, non-executive directors and former shareholders

For further information, please contact:

Tufton Investment Management Ltd (Investment Manager) Andrew Hampson Nicolas Tirogalas	+44 (0) 20 7518 6700

Singer Capital Markets James Maxwell, Alex Bond, Angus Campbell (Corporate Finance) Alan Geeves, James Waterlow, Sam Greatrex (Sales)	+44 (0) 20 7496 3000

Hudnall Capital LLP Andrew Cade	+44 (0) 20 7520 9085

About the Company

Tufton Oceanic 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.

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