BRAEMAR SHIPPING SERVICES PLC

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

14 November 2017

Director Change

Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries, announces a change to its Board of Directors:

Alastair Farley will retire as a Non-executive Director at the conclusion of the Braemar Board meeting to be held on 14^th December 2017.  He was appointed to the Board in January 2011 and has served as both Audit Committee Chairman and Senior Independent Director.

As previously announced, Lesley Watkins has taken over the role of Audit Committee Chair and will become Senior Independent Director on 14^th December 2017.

David Moorhouse CBE, Chairman of Braemar, said "I would like to thank Alastair for the significant contribution he has made to Braemar during his tenure and wish him well for the future."

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Notes to Editors:

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 850 people in more than 70 locations worldwide across its Shipbroking, Technical, Logistics and Financial divisions.  

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 presentations, visit www.braemar.com