Board Change

15 May 2018

BRAEMAR SHIPPING SERVICES PLC

("Braemar", the "Company" or the "Group")

Board Change

Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries, today announces that Louise Evans, Group Finance Director, will not be standing for re-election at the Company's 2018 annual general meeting (the "AGM"). Following a mutual decision, it is expected that Louise will be leaving the Company shortly after the AGM, to pursue other interests.

Braemar will be appointing an interim Finance Director shortly, to overlap with Louise and ensure a handover. Meanwhile a search for a permanent successor will be initiated and further announcements will be made in due course. 

David Moorhouse, Chairman of Braemar, commented:

"On behalf of the Board I would like to thank Louise for her significant contribution to Braemar over the last three years. During that time, she has been an integral part of the team behind the acquisitions of Braemar-NAVES and Braemar Atlantic in addition to her traditional role as Group Finance Director and she leaves us well positioned to continue to execute our growth strategy. We wish her well for the future."

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Notes to Editors:

 About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 800 people in more than 70 locations worldwide across its Shipbroking, Technical, Logistics and Financial divisions.

Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.

For more information, including our investor presentations, visit www.braemar.com.