Blocklisting Six Monthly Return

Name of applicant:

Braemar Shipping Services plc

Name of scheme:

1997 Executive Option Scheme

Period of return:

From:

1 January 2010

To:

14 January 2011

Balance of unallotted securities under scheme(s) from previous return:

39,200

Plus:  The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

Nil

Less:  Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

30,200

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

9,000

Name of contact:

James Kidwell

Telephone number of contact:

020 7535 2881