Icon Energy Corp. Updates on Commercial Performance and Fleet Employment.

Icon Energy Corp. extended the time charter of the M/V Alfa with an international commodity trading conglomerate for an indefinite period, expiring upon three months’ notice by either party. The vessel will remain fully utilized and continue earning hire at a floating daily hire rate linked to the Baltic Panamax Index. The company's fleet comprised of the M/V Alfa, Bravo, and Charlie, with all vessels currently employed on time charters earning hire at floating daily rates linked to the Baltic Panamax Index and the Baltic Supramax Index.