Okeanis Eco Tankers - contemplated equity offering to raise USD 100 million

By clicking the "SHOW DOCUMENTS" below, you confirm: I am/represent a Qualified Institutional Buyer (QIB) or I am not a resident of the United States. Also please refer to important "Selling and Transfer Restrictions" in the enclosed Application Agreement, including additional representations and warranties required for U.S. persons or for applicants acquiring offer shares/bonds in the United States.

SHOW DOCUMENTS

Fearnley Securities is engaged as sole lead managers for Okeanis Eco Tankers in connection with an equity offering to raise USD 100 million. Following the offering, the company will have an aggregate equity value of approximately USD 240 million. Arrangements are being made for trading of the company’s shares on Merkur Market.

Okeanis Eco Tankers is a newly formed tanker company to hold the tanker business formerly owned by Kyklades Maritime, a private company owned by the Alafouzos family which has been in shipping since the 1960s and in tankers since the 1980s. Okeanis Eco Tankers will have a fleet consisting of six sailing vessels built 2015 to 2018 (three Aframax LR2, three Suezmax) and nine newbuilding contracts for delivery 2018 to 2019 (one Suezmax, eight VLCC). All of the company’s vessels will be built to the highest environmental standards, which the company expects will be a strong distinguishing factor going forward, in particular under the new IMO 2020 sulphur cap regulations.

*** NOT FOR DISTRIBUTION IN THE UNITED STATES (EXCEPT IN CERTAIN CIRCUMSTANCES TO QUALIFIED INSTITUTIONAL BUYERS, AS DEFINED IN RULE 144A UNDER THE U.S. SECURITIES ACT OF 1933 AND "MAJOR U.S. INSTITUTIONAL INVESTORS " AS DEFINED IN RULE 15a-6 UNDER THE UNITED STATES EXCHANGE ACT OF 1934), CANADA (EXCEPT IN CERTAIN CIRCUMSTANCES TO "ACCREDITED INVESTORS" WITHIN THE MEANING OF NATIONAL INSTRUMENT 45-106 -- PROSPECTUS AND REGISTRATION EXEMPTIONS AND "PERMITTED CLIENTS" WITHIN THE MEANING OF NATIONAL INSTRUMENT 31-103 -- REGISTRATION REQUIREMENTS AND EXEMPTIONS), AUSTRALIA AND JAPAN ***

Persons receiving this e-mail (including custodians, nominees and trustees) must not further distribute or send this e-mail and/or its attachments or any related documents in or into the United States, Canada, Australia, and Japan.

No public solicitations relating to a possible transaction in connection with this e-mail or the attached documents are being made or will be made, directly or indirectly, in the United States, Canada, Australia and Japan. Any securities that may be delivered in connection with the attached documents will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This email with attachments is intended for the named recipients only, and may not be reproduced or redistributed, in whole or in part, to any other person. It contains confidential information and if you are not the intended recipient, you must not read or take any action in reliance on it and you are hereby notified that any printing, copying or distribution of it is strictly prohibited. If you have received this email in error, please notify the sender immediately by email and confirm that you have irrevocably deleted this email from your system.

Target Market: MiFID II professionals/ECPs/ Retail/No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients (all distribution channels) and retail clients domiciled in Norway. No PRIIPs key information document (KID) has been prepared