Hong Kong, 19 Mar 2026 — Pacific Basin Shipping Limited (PACIFIC BASIN, 02343) has issued a circular convening its 2026 annual general meeting (AGM) for 22 April 2026 at 10:00 a.m., to be held exclusively online. Key resolutions encompass dividend distribution, board re-elections and renewals of capital mandates.

Dividend Proposal • The Board recommends a final dividend of HK 6.00 cents per share for the year ended 31 Dec 2025. • Ex-dividend date: 28 Apr 2026; book closure: 30 Apr 2026 (transfer deadline 29 Apr 2026, 4:30 p.m.). • Subject to approval, payment is scheduled for on or about 12 May 2026.

Board Composition • Six directors will retire and seek re-election: INEDs John M. M. Williamson and Stanley H. Ryan (the latter having served over nine years, hence a separate resolution), Executive Directors Martin Fruergaard (CEO) and Kristian Helt, and Non-executive Directors Dr Harindarpal Singh Banga and Angad Banga. • Post recent appointments, the Board comprises 11 directors, including two new NEDs named in February 2026.

Capital Authorities • Share Issue Mandate: authorisation to issue and sell/transfer treasury shares up to 10% of issued share capital (approx. 516.67 million shares) at a maximum 10% discount to the benchmarked price, valid until the next AGM. • Share Buy-Back Mandate: authority to repurchase up to 10% of issued shares. The company repurchased 82.64 million shares under the 2025 programme (6 Jun–31 Dec 2025) and 57.57 million shares between September and November 2025. A new buy-back programme covering 4 Mar–31 Dec 2026 has commenced with no repurchases to date. Full use of the renewed mandate would not trigger a mandatory general offer; the Banga Concert Group remains the largest shareholder with 20.06% of issued shares.

Operational Snapshot Pacific Basin is a leading owner-operator of handysize and supramax/ultramax dry-bulk vessels, managing roughly 250 ships—over 100 of which are owned—and serving more than 600 customers worldwide with a workforce of about 4,300 seafarers and 400 shore-based staff.

Shareholders are required to submit proxy forms at least 48 hours before the AGM. Voting will be conducted by poll, and the results will be published on the Stock Exchange and company websites the same evening.