Braemar PlcLSE: BMS

Change of Joint Corporate Broker

· Issued by Braemar Plc

7 December 2023

BRAEMAR PLC

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

Change of Joint Corporate Broker

Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets, announces that, following the completion of the all share merger between Cavendish Securities plc (previously named Cenkos Securities plc) and Cavendish Financial plc (previously named finnCap Group plc), as a consequence of internal reorganisation within the Cavendish Group, the Company has changed its Joint Corporate Broker from Cavendish Securities plc to Cavendish Capital Markets Limited.

For further information, contact:

Braemar Plc

James Gundy, Group Chief Executive Officer

Tel +44 (0) 20 3142 4100

Grant Foley, Group Chief Financial Officer

Investec Bank plc

Gary Clarence / Harry Hargreaves / Alice King

Tel +44 (0) 20 7597 5970

Cavendish Capital Markets Limited

Ben Jeynes (Corporate Finance)

Leif Powis / Dale Bellis / Charlie Combe (Sales and ECM)

Tel +44 (0) 207 220 0500

Buchanan

Charles Ryland / Stephanie Whitmore /Jamie Hooper / Jack Devoy

Tel +44 (0) 20 7466 5000

Notes to Editors:

About Braemar Plc

Braemar provides expert investment, chartering, and risk management advice that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.

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 presentation, visit www.Braemar.com and follow Braemar on LinkedIn.