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Athens, Greece - February 29, 2024 Okeanis Eco Tankers Corp. ("OET" or "Company") (NYSE:ECO / OSE:OET) today reported unaudited condensed financial statements for the fourth quarter and twelve month period of 2023, which are attached to this press release. Selected Q4 2023 and Recent Highlights: • Time charter equivalent ("TCE", a non-IFRS measure*) revenue and Adjusted EBITDA (a non-IFRS measure*) of $58.4 million and $44.2 million, respectively. Adjusted profit and Adjusted earnings per share (non-IFRS measures*) for the period of $20.4 million or $0.63 per basic & diluted share. • Fleetwide daily TCE rate of $45,400 per operating day; VLCC and Suezmax TCE rates of $45,200 and $45,600 per operating day, respectively. • Daily vessel operating expenses ("opex", a non-IFRS measure*) of $9,105 per calendar day, including management fees. • In Q1 2024 to date, 76% of the available VLCC spot days have been booked at an average TCE rate of $73,900 per day and 88% of the available Suezmax spot days have been booked at an average TCE rate of $58,800 per day. • The Company paid an amount of approximately $19.3 million or $0.60 per share in November 2023 as a dividend classified for accounting purposes as a return of paid-in capital. • On January 26, 2024, we entered into amendments to the existing sale and leaseback agreements for the VLCC vessels Nissos Kea and Nissos Nikouria (the "Existing Leases Amendments") with CMB Financial Leasing. The Existing Leases Amendments, effective from the first quarter of 2024, provide for a reduction of the pricing of the variable amount of charterhire payable thereunder to 200 basis points over the applicable Term SOFR on both vessels, extend maturities to December 2030 for the Nissos Kea and March 2031 for the Nissos Nikouria, and eliminate the previously stipulated early prepayment fees in the case of exercise of the purchase options by the Company after the first year. • On January 29, 2024, we entered into a new sale and leaseback agreement of approximately $73.5 million for the VLCC vessel Nissos Anafi (the "Anafi Lease") with CMB Financial Leasing. The agreement provides for a bareboat charter with the charterhire being paid on a quarterly basis, is priced at 190 basis points over the applicable Term SOFR and matures in seven years. The Anafi Lease includes purchase options for the Company after the first year and throughout the tenor of the lease and is guaranteed by the Company. • On January 31, 2024, we entered into a new $34.7 million senior secured credit facility with a syndicate led by Kexim Asia Limited to finance the option to purchase back, in February 2024, the Suezmax vessel Milos from its current sale and lease back financier. The facility is repaid quarterly, matures in six years, is priced at 175 basis points over the applicable Term SOFR, is secured by the Milos, and is guaranteed by the Company. *The Company uses certain financial information calculated on a basis other than in accordance with generally accepted accounting principles, including TCE, Adjusted EBITA, Adjusted profit, Adjusted earnings per share, and opex. For a reconciliation of these non-IFRS measures please refer to the end of the attached report. Declaration of Q4 2023 capital return: The Board of Directors declared a dividend of $0.66 per share to shareholders. Dividends payable to shares registered in the Euronext VPS will be distributed in NOK. The cash payment will be recorded for accounting purposes as a return of paid-in-capital and will be paid on March 22, 2024 to shareholders of record as of March 11, 2024. The shares will be traded ex-capital distribution as from and including March 8, 2024. Due to the implementation of Central Securities Depository Regulation (CSDR) in Norway, dividends payable on shares registered with Euronext VPS are expected to be distributed to Euronext VPS shareholders on or about March 27, 2024. Full report About OET OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Børs under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. Okeanis Eco Tankers Corp. press release 
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