Oaktree Capital Management

Hellerup – October 10, 2026 -- Christopher Boehringer has resigned from the Board of Directors of TORM plc (NASDAQ: TRMD, TRMD A) with immediate effect, after Oaktree Capital Management and its affiliates ceased to hold any ownership interest in the product tanker owner.

Boehringer leaves the board after eleven years of service

Boehringer joined the TORM board in 2015. TORM said he supported the company through a period of significant transformation and growth.

Chair Simon Mackenzie Smith credited him with helping to develop and strengthen the One TORM platform and called him a trusted adviser through some of the most important milestones in the company's history.

Five directors remain on the TORM board

Following the change, the board comprises Simon Mackenzie Smith (Chair), Annette Malm Justad, Göran Trapp, Jann Brown and Jacob Meldgaard.

TORM did not announce a replacement for Boehringer's seat.

Hellerup – September 18, 2026 -- TORM plc has launched a secondary public offering of 9,000,000 Class A common shares on behalf of OCM Njord Holdings S.à r.l., a vehicle indirectly owned by funds managed by Oaktree Capital Management, L.P.

Oaktree-linked seller holds roughly 20% of TORM's Class A shares before the sale

OCM Njord Holdings currently owns approximately 20% of TORM's Class A common shares. The selling shareholder is expected to grant the underwriter a 30-day option to purchase up to an additional 1,350,000 shares, which could lift the total offering size to 10,350,000 shares.

TORM will not receive proceeds as the sale is entirely secondary

The Nasdaq-listed product tanker operator (TRMD, TRMD A) is not selling any shares itself and will not collect proceeds from the transaction. J.P. Morgan Securities LLC is acting as sole underwriter, offering the shares to the public at a fixed price that may be adjusted without notice.