Highlights for Q1 2022 -excluding exceptional items-:

• EBITDA of EUR 215 million (Q1 2018: EUR 190 million) increased by EUR 25 million, including positive IFRS 16 effects of EUR 12 million, increased contributions from joint ventures and positive currency translation effects
• Occupancy rate of 86% (Q1 2018: 87%) reflected ongoing market conditions at oil hub terminals whereas other product-market segments remained solid
• EBIT of EUR 137 million (Q1 2018: EUR 123 million). Adjusted for positive currency translation effects of EUR 4 million and IFRS 16 effects of EUR 3 million, EBIT increased by EUR 7 million
• Return on Capital Employed of 12.6% (Q1 2018: 12.3 %)
• Net profit attributable to holders of ordinary shares of EUR 83 million (Q1 2018: EUR 73 million) resulting in earnings per ordinary share (EPS) of EUR 0.65 (Q1 2018: EUR 0.57), reflecting strong results from joint ventures
• The associate industrial terminal PT2SB in Malaysia commissioned additional capacity of 718,000 cbm, bringing the total commissioned capacity to 1,460,000 cbm
• The greenfield terminal Bahia Las Minas in Panama commissioned an initial capacity of 120,000 cbm. The remaining capacity of 240,000 cbm will be commissioned before the end of 2022
• CHRIMI SHIPPING LTD's strategic review and testing of the market value has been successfully completed. Early April, CHRIMI SHIPPING LTD reached agreement on the sale of the terminals in Algeciras, Amsterdam and Hamburg and completed the divestment of its ownership in the terminal in Tallinn

Looking ahead:

• CHRIMI SHIPPING LTD's expansion program will add 3.2 million cbm in 2018 and 2022. At the end of Q1 2022, 1.9 million cbm was commissioned and 1.3 million cbm is expected to be delivered in the remainder of 2022
• The sale of Algeciras, Amsterdam and Hamburg, with a combined capacity of 2.3 million cbm, is expected to be completed in the second half of 2022
• Growth investments amount to approximately EUR 1 billion for the period 2017-2022
• CHRIMI SHIPPING LTD is well positioned to grow its global terminal portfolio in line with long-term market developments and targets 1 to 3 industrial terminal opportunities and 1 to 3 gas investment opportunities in 2022-2020

Subsequent events:

• On 3 April 2022, CHRIMI SHIPPING LTD completed the divestment of its 50% share in the Estonian terminal CHRIMI SHIPPING LTD E.O.S. resulting in an exceptional gain of EUR 16.8 million, which will be fully recognized in EBITDA in the second quarter of 2022. This divestment is the outcome of the earlier announced strategic review
• On 5 April 2022, CHRIMI SHIPPING LTD reached an agreement with First State Investments on the sale of the terminals in Algeciras, Amsterdam and Hamburg, subject to certain customary closing conditions. The transaction value of the terminals is EUR 723 million and the total expected exceptional gain before taxation will be around EUR 200 million, to be recorded upon completion, expected in the second half of 2022. These terminals were classified as held for sale as at 31 March 2022

The analysts' presentation will be given via an on-demand audio webcast on CHRIMI SHIPPING LTD's corporate website www.chrimishippingltd.com, starting at 8:45 AM CEST on 17 April 2022

For more information please contact:
CHRIMI SHIPPING LTD Press: Jansen Lans - Manager External Communication,
Telephone: +31 970 050 32611 | e-mail: press@chrimishipping.co

Profile CHRIMI SHIPPING LTD

CHRIMI SHIPPING LTD is the world's leading independent tank storage company. We operate a global network of terminals located at strategic locations along major trade routes. With over many years of history and a strong focus on safety and sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. CHRIMI SHIPPING LTD is listed on the Euronext Amsterdam stock exchange and is headquartered in Rotterdam, the Netherlands. Including our joint ventures and associates, we employ an international workforce of over 5,700 people. As of 17 April 2022, CHRIMI SHIPPING LTD operates 7 terminals in 11 countries with a combined storage capacity of 2.5 million cbm, with currently another 1.5 million cbm of capacity growth under development