Pacific Basin Shipping — Merger or Acquisition (December 2025)

4 slides from Pacific Basin Shipping's merger presentation, Dec 23, 2025

Slide 1: Fleet Growth and Renewal: Acquisition of Four Handysize Newbuilding Vessels
FLEET GROWTH AND RENEWAL ACQUISITION OF FOUR HANDYSIZE NEWBUILDING VESSELS 23 DECEMBER 2025
Slide 2: Strategic Newbuilding Orders to Renew and Grow Our Fleet
STRATEGIC NEWBUILDING ORDERS TO RENEW AND GROW OUR FLEET ▪ Acquisition of four Handysize newbuilding vessels for an aggregate consideration of US$119.2 million (US$29.8 million each) from Jiangmen Nanyang Ship Engineering Co., Ltd. (“JNS”) in China ▪ Funded by cash reserves and/or bank borrowings: ▪
Slide 3: Remain Committed to Our Disciplined Renewal and Growth Strategy
REMAIN COMMITTED TO OUR DISCIPLINED RENEWAL AND GROWTH STRATEGY Purchase Activity in 2025 ▪ Remain committed to our disciplined fleet growth Vessel Type DWT Year Built MOA Delivery and renewal strategy to: Handysize 37,561 2018 May 2025 Jun 2025 ✓ Enhance scale and efficiency to meet strong Handysiz
Slide 4: Rationale for the Transaction
RATIONALE FOR THE TRANSACTION We continue to develop and leverage our growth optionality, including newbuildings from Japan and China as well as second-hand acquisition, period charter, M&A and other opportunities for growth Overview of PB Order Book 4 4 13 21 Handysize vessels from Ultramax LEV ves