Investor Presentaiton

Balance Sheet Strength Allows Capital Return to Shareholders Actively Managed Balance Sheet Enhances Corporate Flexibility Completed refinancing of Cratis, Copernicus, Chaparral, and Caravelle under separate Japanese financings, resulting in net cash proceeds of over $115.0 mm • Completed refinancing of Cougar resulting in cash proceeds, net of $20.0 mm to prepay a $29.9 mm portion of the 2015 AR Facility . • • • Voluntarily prepaid $25.0 mm of the 2015 AR Facility Repurchased Concorde for $41.2 mm in cash and application of the $14.0 mm deposit. Concorde was refinanced under the 2022 Debt Facility Repurchased Corvette for $42.2 mm in cash and application of the $14.0 mm deposit. Corvette was refinanced under the 2022 Debt Facility Entered into a $260.0 mm debt financing facility to refinance our existing indebtedness relating to the 2015 AR Facility, the Concorde Japanese Financing and the Corvette Japanese Financing ~85% of Company debt is fixed or hedged; current total cost of debt is ~4.0% Demonstrated Commitment to Returning Shareholder Capital • Declared an irregular cash dividend of $1.00 per share, totaling over $40.3 mm and expected to be paid on or about February 28, 2023 • · • Dorian LPG has repurchased ~30% of the shares outstanding following its May 2014 IPO Cumulatively returned over $535.0 mm in cash to shareholders since IPO (including dividend above) On February 2, 2022, our Board of Directors authorized the repurchase of up to $100 mm of our common shares with no expiration of the authority • In FY 2022, we repurchased over $20.4 mm of our common stock, or approximately 1.5 mm shares pursuant to our common share repurchase authorities 29

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