Wellard Confirms $81M Sale of Ocean Drover, Plans Major Shareholder Return

• Binding contract signed to sell M/V Ocean Drover for US$50 million (approx. A$81.2 million)
• Sale represents disposal of Wellard's main undertaking, requiring shareholder approval
• Company intends to return net sale proceeds (~15 cents per share) plus surplus cash to shareholders
• Wellard complied with ASX continuous disclosure rules and requested a trading halt prior to announcement