DHT Holdings, Inc. announces sale of DHT Edelweiss

Hamilton, Bermuda - August 29, 2022

DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") announces that it has entered into agreement to sell the DHT Edelweiss, a 2008 built VLCC, for $37.0 million.

The vessel is not fitted with an Exhaust Gas Cleaning System and is due for its 3rd Special Survey and installation of a Ballast Water Treatment System in the first quarter of 2023.

The Company expects to deliver the vessel to its new owner during the third quarter. The sale will reduce the average age of the Company's fleet and improve its AER and EEOI metrics.

The vessel's outstanding bank debt of about $12.2 million will be repaid in connection with the sale and the Company expects to record a gain of about $6.8 million in the third quarter of 2022.

Following the abovementioned sale and the recently announced retrofit program, 100% of the Company's fleet will be fitted with Exhaust Gas Cleaning Systems by the first quarter of 2023.

About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment.

We operate through our integrated management companies in Monaco, Norway and Singapore. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our combination of market exposure and fixed income contracts for our fleet; our counter cyclical philosophy with respect to investments, employment of our fleet, and capital allocation; and our transparent corporate structure maintaining a high level of integrity and good governance.

For further information please visit www.dhtankers.com.

DHT Holdings, Inc. press release