Issue of Shares

Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering and risk management advice to the shipping and energy markets, today announces that an application has been made to the Financial Conduct Authority ("FCA") and to the London Stock Exchange plc ("LSE") for the admission of 409,705 new ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") to be admitted to listing on the equity shares category of the Official List of the FCA and to trading on the LSE's Main Market for listed securities ("Admission").

It is expected that Admission will become effective and trading will commence at 8.00 a.m. on 19 December 2025.

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

The new Ordinary Shares have been allotted as part of the contractual consideration for the acquisition of US shipbroker, Southport Maritime Inc., as announced by the Company on 19 December 2022 (RNS number: 0788K). A further allotment of 606,416 shares will be made in January 2026, as part of the same contractual consideration, and an announcement regarding the allotment of these shares will be made at the appropriate time.

Following Admission and allotment of the 409,705 shares, the Company's issued share capital will comprise 32,461,187 Ordinary Shares, which figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company does not hold any shares in treasury.