Ardmore Shipping Announces Declaration of Dividend

Ardmore Shipping Corporation (NYSE:ASC) ("Ardmore" or the "Company") today announced that its Board of Directors has declared a cash dividend of $0.066 per share. This equates to Ardmore’s current intended quarterly dividend of $0.10 per share, pro-rated in respect of the period from the date of IPO, August 1, 2013 to the quarter ended September 30, 2013. The cash dividend is payable on November 20, 2013 to all shareholders of record on November 8, 2013. Ardmore currently intends to pay shareholders quarterly dividends of $0.10 per share, or $0.40 per share per year.

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