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Monaco - March 28, 2022 Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announces that the Company has entered into agreements to sell three vessels (two LR2s and one MR). The sale price of the two LR2s (2015 built STI Savile Row and STI Carnaby) is $86.0 million in aggregate, and the sale price of the MR (2014 built STI Benicia) is $26.5 million. Scorpio Services Holding Limited, a related party, owns a non-controlling 7.50% interest in the buyer of STI Benicia. The Company is expected to raise additional liquidity of approximately $55.0 million from these transactions, which are expected to close in the second and third quarters of 2022. About Scorpio Tankers Inc. Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns, finance leases or bareboat charters-in 124 product tankers (42 LR2 tankers, 6 LR1 tankers, 62 MR tankers and 14 Handymax tankers) with an average age of 6.2 years. The Company has recently entered into agreements to sell 10 of these vessels (six LR1s, two MRs, and two LR2s), which are expected to close before the end of the third quarter of 2022. Additional information about the Company is available at the Company’s website www.scorpiotankers.com, which is not a part of this press release. Scorpio Tankers Inc. press release 
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