TORM plc (the "Company" or "TORM") (NASDAQ:TRMD) (NASDAQ:TRMD) today announces the commencement of a secondary public offering of 9,000,000 (nine million) of the Company's Class A common shares by OCM Njord Holdings S.à r.l. (the "Selling Shareholder"), a company indirectly owned by funds managed by Oaktree Capital Management, L.P. and its affiliates. The Selling Shareholder expects to grant the underwriter a 30-day option to purchase up to an additional 1,350,000 (one million three hundred fifty thousand) Class A common shares offered in this offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.

The Selling Shareholder beneficially owns approximately 20% of the Company's Class A common shares prior to this offering. The Company is not selling any Class A common shares and will not receive any proceeds from the sale of the Company's Class A common shares by the Selling Shareholder.