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DHT DHT Holdings , Inc. Second Quarter 2021 Results HAMILTON , BERMUDA , August 9 , 2021 - DHT Holdings , Inc. ( NYSE : DHT ) ( " DHT " or the " Company " ) today announced : FINANCIAL HIGHLIGHTS : USD mill . ( except per share ) Q2 2021 Q1 2021 Q4 2020 Q3 2020 Q2 2020 2020 2019 Shipping revenues 65.9 87.0 91.0 142.2 245.9 691.0 535.1 Adjusted net revenue¹ 45.3 71.3 77.7 117.5 202.7 550.5 347.6 Adjusted EBITDA² 21.0 46.7 51.1 92.9 178.0 450.4 254.5 Net income / ( loss ) after tax 0.8 11.6 7.63 50.73 135.8 266.33 73.7 EPS - basic 0.00 0.04 0.07 0.32 0.92 1.71 0.51 EPS - diluted4 0.00 0.07 0.04 0.31 0.81 1.61 0.51 Dividend5 0.02 0.04 0.05 0.20 0.48 1.08 0.47 Interest bearing debt 526.2 450.0 574.7 492.4 719.2 450.0 851.0 Cash and cash equivalents 52.2 54.0 68.6 75.1 137.7 68.6 67.4 Net debt 473.9 520.7 381.3 417.3 581.5 381.3 783.6 QUARTERLY HIGHLIGHTS : • • • • • • In the second quarter of 2021 , the Company's VLCCs achieved an average rate of $ 19,500 per day . Adjusted EBITDA for the second quarter of 2021 was $ 21.0 million . Net income for the quarter was $ 0.8 million which equates to $ 0.00 per basic share . The result includes a profit related to sale of vessels of $ 13.6 million and non - cash gains in fair value related to interest rate derivatives of $ 2.2 million and to the refinancing of $ 3.0 million . For the first half of 2021 , the Company's VLCCS achieved an average rate of $ 25,500 per day and net income was $ 12.4 million . For the second quarter of 2021 , the Company will return $ 25.8 million to shareholders . The return of capital is comprised of $ 22.5 million in the form of share buyback and $ 3.4 million in the form of a cash dividend . The cash dividend of $ 0.02 per share of outstanding common stock is payable on August 26 , 2021 to shareholders of record as of August 19 , 2021. This marks the 46th consecutive quarterly dividend . The shares will trade ex- dividend from August 18 , 2021 . On April 12 , 2021 , the Company took delivery of DHT Osprey , the second of the two VLCCS acquired in January 2021. The first vessel , DHT Harrier , was delivered on February 18 , 2021 . In the second quarter of 2021 , the Company entered into three separate agreements to sell its three 2004 built VLCCS , DHT Raven , DHT Lake and DHT Condor , for an aggregate of $ 88.75 million . DHT Raven was delivered April 28 , DHT Lake was delivered May 11 , and DHT Condor was delivered July 8. The Company booked a profit of $ 13.6 million in the second quarter of 2021 related to the sale of DHT Raven and DHT Lake and expects to book a profit of about $ 1.5 million in the third quarter of 2021 related to the sale of DHT Condor . 1