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This presentation contains certain statements that are deemed to be “forward-looking statements” within the meaning of applicable U.S. federal securities laws. All statements, other than statements of historical facts, (including, without limitation, statements that address activities, events or developments that Ardmore Shipping Corporation (“Ardmore,” “ASC,” or the “Company”) “estimates”, “expects,” “projects,” “believes,” or “anticipates” will, or may occur in the future) are forward-looking statements, including, without limitation, statements about: future operating or financial results; global and regional economic conditions and trends; tanker market fundamentals, including the balance of supply and demand in the tanker market, the estimated growth in the world tanker fleet, the amount of tanker deliveries and scrapping, estimated growth in global oil and refined products demand and supply, tanker demand and future charter rates; improvements in the tanker market; the effect of the IMO 2020 regulations on tanker demand and rates, and refining throughput and maintenance levels; the location and timing of refining capacity growth; the Company’s business strategy, market outlook and fleet performance; future vessel acquisitions; the potential effect on the Company’s earnings per share of tanker rate increases; estimated revenue days and the timing of drydockings and ballast water treatment system installations; and the Company’s financial condition and liquidity. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: changes in the production of, or demand for, oil or refined products; changes in trading patterns significantly affecting overall vessel tonnage requirements; greater, or less than anticipated levels of tanker newbuilding orders and deliveries and greater, or less than anticipated rates of tanker scrapping; changes in global oil prices; changes in applicable industry laws and regulations and the timing of implementation of new laws and regulations, and the actual effect of the IMO 2020 regulations; the actual timing and location of any changes in refining capacity; changes in factors that would affect the Company’s earnings per share, including, among other things, the number of the Company’s outstanding common shares and fleet size; the availability on acceptable terms of second-hand vessels; increased costs; increased vessel off-hire; the amount of future cash flows and earnings of the Company; and other factors discussed in the Company’s filings from time to time with the United States Securities and Exchange Commission (“SEC”), including its Report on Form 20-F for the fiscal year ended December 31, 2018. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based. For more complete information about the Company, the information in this presentation should be read together with the Company’s filings with the SEC which may be accessed on the SEC website at www.sec.gov .