Reference is made to the stock exchange release by Okeanis Eco Tankers Corp. (OAX: OET) (the “Company”) dated 14 May 2019 regarding the private placement (the “Private Placement”) of 1,580,000 new shares in the Company, raising gross proceeds of NOK 131,140,000, corresponding to approximately USD 15 million (based on a currency exchange rate of USD/NOK 8.74).

Glafki Marine Corp. (“Glafki”), the Company’s majority shareholder, has underwritten the Private Placement in its entirety and was accordingly allocated 1,580,000 shares in the Private Placement at a subscription price of NOK 83 per share. Following completion of the Private Placement, Glafki will own 17,580,000 shares in the Company, equalling approximately 53.45% per cent of the Company’s common shares and votes.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act.