Ardmore Shipping Corporation (the “Company”) announced today the commencement of an underwritten offering of 6,000,000 shares of its common stock. The proceeds of the offering are expected to be used to acquire additional vessels in line with the Company’s strategy and to provide cash for general corporate purposes. Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and Clarkson Capital Markets LLC are acting as joint bookrunning managers and Evercore Group L.L.C., Pareto Securities AS and ABN AMRO Securities (USA) LLC are acting as co-managers in the offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 900,000 common shares to cover over-allotments. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering is being made by means of a prospectus. A preliminary prospectus related to the offering has been filed with the Securities and Exchange Commission. Copies of the preliminary prospectus relating to the offering may be obtained from Morgan Stanley & Co. LLC at 180 Varick Street, 2 nd Floor, New York, NY 10014, Attention: Prospectus Department or by calling 1-866 718-1649 or by e-mail at firstname.lastname@example.org, or from Wells Fargo Securities, LLC, at 375 Park Ave., New York, NY 10152, Attention: Equity Syndicate Dept. or by calling 1-800 326-5897 or by e-mail at email@example.com or from Clarkson Capital Markets LLC at 597 Fifth Avenue, 8 th Floor, New York, NY 10017 or by calling 1-212 314-0900 or by email at Prospectus@Clarksons.com. Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.