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• NOK 4.7 billion raised • Market capitalisation of NOK 11.9 billion • 68th listing on Euronext in 2026 and the 17th international listing YTD • Volare's listing reflects Euronext's role in supporting the financing needs of the shipping industry Oslo - 5 October 2026
Volare Shipping is a Singapore-incorporated shipping company established and majority-owned by Trafigura, one of the world's largest commodity trading and shipping groups. The company owns a modern fleet of Very Large Crude Carriers (VLCCs), comprising six vessels currently in operation and eight newbuild vessels on order for delivery progressively through to 2028. The fleet is commercially managed by Trafigura's global shipping business. 
Alexandre Duff, CEO, and Andrea Olivi, Chairman of the Board of Volare Shipping, rang the bell this morning together with colleagues to celebrate the listing of the company on Euronext Growth Oslo. The company was welcomed by Oivind Amundsen, CEO of Euronext Oslo Bors (Photo: Ketil Blom | NTB Kommunikasjon). Image by Volare Shipping Ltd.
A total of 70,319,479 shares were admitted to trading. At market opening, the share price was NOK 169 per share, giving Volare Shipping a market capitalisation of approximately NOK 11.884 billion on its first day of trading. Alexandre Duff, CEO of Volare Shipping, said: "Today is a significant milestone for Volare, as we begin our journey as a listed company on Euronext Growth Oslo. We are proud of the strong support shown by a diversified base of investors through our IPO, reflecting confidence in Volare's strategy and growth potential. Oslo is one of the world's leading capital markets for shipping, offering deep sector expertise and an efficient listing environment for companies like ours. We are grateful to welcome our new shareholders and look forward to building long-term value together as we execute on our strategy." About Volare Shipping Ltd. Volare Shipping Ltd. (Euronext Growth Oslo: VLCC) is an international shipping company, incorporated in Singapore. Volare Shipping currently operates six VLCCs and has eight newbuild VLCCs on order, delivering progressively through to 2028. At an average age of approximately three years on full delivery, Volare Shipping's fleet ranks among the youngest and most technically advanced in the listed VLCC sector. The fleet is commercially managed by Trafigura, led by an experienced management team with decades of experience across shipping, commodities and financial markets. This relationship provides Volare Shipping with an industry-leading chartering platform, significant commercial scale and cargo optionality. About Euronext Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe's leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal. In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange (ATHEX), reinforcing its pan-European footprint and further extending its fully integrated market infrastructure with the addition of an exchange, a CSD and a clearing house. As of June 2026, Euronext's regulated exchanges in Belgium, France, Greece, Ireland, Italy, the Netherlands, Norway and Portugal host over 1,800 listed issuers with €7 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 29% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices. Volare Shipping Ltd. press release 
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