Scorpio Tankers Inc. Announces Repurchases of Its Common Shares

Monaco - April 3, 2023

Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has repurchased its common shares in the open market.

Recently, the Company purchased 1,269,864 of its common shares in the open market at an average price of $54.30 per share as part of the Company's securities repurchase program.

Since January 1, 2023, the Company has repurchased 3,161,167 common shares in the open market for $164.0 million and currently has 59,900,921 issued and outstanding.

Scorpio Tankers has $181.0 million available under its current Securities Repurchase Program.

About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns, lease finances or bareboat charters-in 113 product tankers (39 LR2 tankers, 60 MR tankers and 14 Handymax tankers) with an average age of 7.2 years.

Additional information about the Company is available at the Company's website, which is not a part of this press release.

Scorpio Tankers Inc. press release