HAMILTON, Bermuda - Ardmore Shipping Corporation (NYSE: ASC) (“Ardmore” or the “Company”) today announced that it has priced its underwritten public offering of 7.5 million of its common shares at a public offering price of $8.90 per share. Ardmore has granted the underwriters a 30-day option to purchase up to 1,125,000 additional common shares.  GA Holdings LLC, the Company’s largest shareholder, is purchasing 1,277,250 of the offered shares at the public offering price. Ardmore intends to use the net proceeds of the offering to partially fund its proposed acquisition of six modern Eco-design MR product/chemical tankers. Ardmore plans on funding the remainder of the purchase price of the vessels with a new credit facility with an existing lender. Morgan Stanley, Evercore ISI, Stifel and ABN AMRO are acting as joint book-running managers for the public offering. DVB Capital Markets is acting as co-manager for the offering.  Copies of the prospectus supplement and accompanying base prospectus related to the offering may be obtained from Morgan Stanley at, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department; Evercore ISI at 55 East 52nd Street, 36th Floor, New York, NY 10055, Attn: Prospectus Department, telephone: 212-446-5664, email: [email protected]; Stifel at One South Street, 15th Floor, Baltimore, MD 21202, Attn: Syndicate Department, telephone: 1- 855-300-7136, e-mail: [email protected]; and ABN AMRO at 100 Park Avenue, New York, NY 10017, e-mail: [email protected]. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus supplement and accompanying base prospectus.