Directorate Change

The Board of Taylor Maritime Investments Limited ("TMI" or the "Company"), the listed specialist dry bulk shipping investment company, is pleased to announce that Ms. Rebecca Brosnan and Mr. Gordon French have been appointed as non-executive Directors of the Company with immediate effect.

Ms. Brosnan has over 20 years of experience in investment banking, financial markets and commodities and currently is the IFC Nominated Director on the Board of the City Bank, a listed commercial bank in Bangladesh. Previously, Ms. Brosnan has served as CFO & Head of Strategy of Diginex, an ESG and sustainability technology business; the COO & CFO of Mother's Choice and Head of Asia Commodities and Head of Strategy and Business Development at the Hong Kong Stock Exchange. Ms. Brosnan served as a Director of the Company's wholly owned subsidiary, Grindrod Shipping Holdings Limited ("Grindrod", listed on the Johannesburg Stock Exchange and Nasdaq exchange until 30 August 2024) from 6 December 2022 and is due to retire on 30 September 2024.

• French was the Head of Global Banking and Markets for Asia-Pacific at HSBC based in Hong Kong responsible for all Global Banking and Market's businesses in the region. Having served 33 years, Mr. French retired from his role at HSBC at the end of 2020. He represented HSBC on various regulatory and exchange committees and he was also the inaugural Chairman of HSBC Bank (Singapore) Limited from April 2016 to June 2017. Mr. French served as a Director of Grindrod from 20 March 2023 and is due to retire on 30 September 2024.

As explained in the Company's 31 December 2023 annual report, the Board confirms that Chris Buttery and Frank Dunne, each having agreed not to stand for re-election by Shareholders at the 2024 AGM, have retired with immediate effect. An announcement will be released in due course confirming the Board's chosen successor to Mr. Dunne as Senior Independent Director.

Henry Strutt, Chairman, commented:

"On behalf of the Board, we thank both Chris and Frank for their commitment and contribution to the Board during their tenure. As one of the Company's founding directors, Chris has been instrumental in the successful launch and initial growth of the Company. Frank has provided outstanding support to the Board in his role as Senior Independent Director, and by assuming the role of Interim Chair during an incredibly active period for the Company.

We are delighted to welcome Rebecca and Gordon to the Board as part of our integration with the Grindrod business. Both bring a wealth of relevant experience and we are confident they will contribute to our continued effectiveness and as we realize further synergies across the combined Group."

No further disclosures are required for Rebecca Brosnan or Gordon French in respect of paragraphs 6.4.6 of the Financial Conduct Authority's UK Listing Rules.

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