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Monaco - Nov 11, 2025 Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has signed letters of intent to construct two Very Large Crude Carriers ("VLCCs") at Hanwha Ocean Co. Ltd., South Korea. The purchase price is $128 million per vessel with deliveries expected in the third and fourth quarters of 2028. Update on DHT Investment Since October 28, 2025, the Company has sold 2,382,226 common shares of DHT Holdings Inc. ("DHT") at an average price of $13.25 per share. The Company owns 1,169,568 common shares of DHT as of the date of this press release. Emanuele Lauro, Chairman and Chief Executive Officer, commented "We have a strong and long-term view of the fundamentals of the crude tanker market, and our investment in DHT reflected that outlook. These VLCC newbuilding agreements, with capital expenditures weighted toward the end of 2027 and beyond, represent a logical and efficient extension of that conviction and position the Company to benefit directly from a constructive crude tanker market." About Scorpio Tankers Inc. Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or lease finances 98 product tankers (38 LR2 tankers, 46 MR tankers and 14 Handymax tankers) with an average age of 9.6 years. The Company has entered into agreements to sell four MR and two LR2 product tankers, which are expected to close in the fourth quarter of 2025 and first quarter of 2026. The Company has also reached agreements for four MR newbuildings that are currently under construction with deliveries expected in 2026 and 2027 and two VLCC newbuildings with expected deliveries in the second half of 2028. 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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