Taylor Maritim Regulatory News (TMI)

Taylor Maritime Investments Limited (the "Company")

2 November 2021

Issue of Consideration Shares

Taylor Maritime Investments Limited, the specialist dry bulk shipping company, today announces that it has allotted 1,145,000 ordinary shares of no par value (the "Consideration Shares") at US$1 per share in connection with the completion of the acquisition of a Handysize vessel which was agreed at the time of the Company's IPO (Seed Asset 23 as described the IPO prospectus). The vessel was delivered during October 2021, as referred to in the Company's recent trading update.

The Consideration Shares are to be issued to Fort Taylor (MI) Limited1, one of the selling shareholders of Seed Asset 23, which has agreed as part of the Company's IPO to reinvest its sale proceeds in ordinary shares at the IPO issue price. The Consideration Shares are subject to a lock up until 27 May 2022 being 12 months after the IPO followed by a 6 month orderly market period.

The allotment of the Consideration Shares is conditional on, inter alia, admission of the Consideration Shares to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Application has been made for Admission. The Consideration Shares will rank pari passu with the Company's existing ordinary shares and Admission is expected to occur at 8.00am on 4 November 2021.

Following the allotment of the Consideration Shares, the total number of shares in issue will be 329,040,878 and, accordingly, the total number of voting rights of the Company will be 329,040,878. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

1Fort Taylor (MI) Limited is a company in which certain Directors and PDMRs of the Company (Edward Buttery, Christopher Buttery, Camilla Pierrepont and Alexander Slee) or persons closely associated with them hold respective non-controlling interests.

For further information, please contact:

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About the Company

Taylor Maritime Investments Limited is a recently established, internally managed investment company listed on the Premium Listing Category of the Official List and traded on the Main Market of the London Stock Exchange. The Company invests in a diversified portfolio of vessels which are primarily second-hand and which, historically, have demonstrated average yields in excess of the Company's target dividend yield of 7% p.a. and were acquired at valuations that are expected to be below long-term average prices.

The Company's initial investments comprise Geared Bulk Carriers (Handysize and Supramax types) employed utilising a variety of employment/Charter strategies.

The Company intends to pay dividends on a quarterly basis with dividends declared in January, April, July and October. Once the Company is fully invested, the Company will target a Total NAV Return of 10 to 12% p.a. (net of expenses and fees but excluding any tax payable by Shareholders) over the medium to long term.

The Company has the benefit of an experienced Executive Team led by Edward Buttery. The Executive Team previously worked closely together for the Commercial Manager, Taylor Maritime. Established in 2014, Taylor Maritime is a privately owned ship-owning and management business with a seasoned team that includes the founders of dry bulk shipping company Pacific Basin Shipping (listed in Hong Kong 2343.HK) and gas shipping company BW Epic Kosan (formerly Epic Shipping) (listed in Oslo BWEK:NO). Taylor Maritime's team of experienced industry professionals are based in Hong Kong and London.

For more information, please visit www.taylormaritimeinvestments.com.

About Geared vessels

The Company specializes in the acquisition and chartering of vessels in the Handysize and Supramax bulk carrier segments of the global shipping sector. These "Geared" vessels, which have their own loading equipment, are mostly acquired second-hand, leveraging valuations that are below long-term average prices. The Handysize market segment is particularly attractive, given the flexibility, versatility and port accessibility of these vessels which carry necessity goods - principally food and products related to infrastructure building - ensuring broad diversification of fleet activity.

IMPORTANT NOTICE

The information in this announcement may include forward-looking statements, which are based on the current expectations and projections about future events and in certain cases can be identified by the use of terms such as "may", "will", "should", "expect", "anticipate", "project", "estimate", "intend", "continue", "target", "believe" (or the negatives thereon) or other variations thereon or comparable terminology. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company, including, among other things, the development of its business, trends in its operating industry, and future capital expenditures and acquisitions. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur.

References to target dividend yields and returns are targets only and not profit forecasts and there can be no assurance that these will be achieved.