SCHEDULE 13D/A 0001140361-24-042775 0001403525 XXXXXXXX LIVE 16 Class A common shares, par value $0.01 per share 09/03/2025 false 0001655891 G89479102 TORM plc

Birchin Court, 20 Birchin Lane London X0 EC3V 9DU

Richard Ting (213) 830-6300 Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles CA 90071 Y OCM NJORD HOLDINGS S.A R.L b WC N4 0 40581120 0 40581120 40581120 N 41.43 OO The percent of class is calculated based on 97,952,429 shares of Class A common stock, par value $0.01 per share (the "Class A Shares") outstanding as of June 4, 2025, as reported in Exhibit 99.1 to the Issuer's Form 6-K filed with the Securities and Exchange Commission on June 4, 2025 (the "Form 6-K"). Y OAKTREE CAPITAL MANAGEMENT GP, LLC b AF Y DE 0 40581120 0 40581120 40581120 N 41.43 OO The percent of class is calculated based on 97,952,429 Class A Shares outstanding as of June 4, 2025, as reported in the Issuer's Form 6-K. 0001790787 Oaktree Capital Holdings, LLC b AF DE 0 40581120 0 40581120 40581120 N 41.43 CO The percent of class is calculated based on 97,952,429 Class A Shares outstanding as of June 4, 2025, as reported in the Issuer's Form 6-K. 0001403525 Oaktree Capital Group Holdings GP, LLC b AF DE 0 40581120 0 40581120 40581120 N 41.43 CO The percent of class is calculated based on 97,952,429 Class A Shares outstanding as of June 4, 2025, as reported in the Issuer's Form 6-K. Class A common shares, par value $0.01 per share TORM plc Birchin Court, 20 Birchin Lane London X0 EC3V 9DU This Amendment No. 16 ("Amendment No. 16") is being filed by the undersigned to amend the Schedule 13D filed by the Reporting Persons on February 5, 2018, as amended by Amendment No. 1 thereto filed March 27, 2020, Amendment No. 2 thereto filed May 19, 2020, Amendment No. 3 thereto filed June 5, 2020, Amendment No. 4 thereto filed June 17, 2020, Amendment No. 5 thereto filed September 14, 2020, Amendment No. 6 thereto filed April 26, 2023, Amendment No. 7 thereto filed June 12, 2023, Amendment No. 8 thereto filed December 4, 2023, Amendment No. 9 thereto filed January 9, 2024, Amendment No. 10 thereto filed January 18, 2024, Amendment No. 11 thereto filed March 14, 2024, Amendment No. 12 thereto filed April 8, 2024, Amendment No. 13 thereto filed June 3, 2024, Amendment No. 14 thereto filed October 3, 2024 and Amendment No. 15 thereto filed March 18, 2025 (the "Original 13D," and together with Amendment No. 16, the "Schedule 13D") with respect to the Class A Shares of the Issuer. Except as specifically provided herein, this Amendment No. 16 does not modify any of the information previously reported on the Schedule 13D. Capitalized terms not otherwise defined in this Amendment No. 16 shall have the same meanings ascribed thereto in the Schedule 13D. The Issuer is a foreign private issuer as defined in Rule 3b-4 of the Act and its principal executive offices are at Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom. Item 4 of the Schedule 13D is hereby amended and supplemented to include the following at the end thereof: On September 3, 2025, OCM Njord Holdings S.a r.l. ("OCM Njord") entered into an Offer Letter dated September 3, 2025 (the "Offer Letter") by and between OCM Njord and Hafnia Limited ("Hafnia" and together with OCM Njord, the "Parties"). Pursuant to the Offer Letter, Hafnia has agreed, subject to the execution of definitive transaction documents, to buy 14,156,061 Class A Shares (the "Sale Shares") from OCM Njord, at a price of $22.00 per Sale Share, or $311,433,342 in aggregate cash proceeds to OCM Njord (the "Purchase"). The Offer Letter provides that completion of the Purchase is expected to be subject to conditions, including, but not limited to, (i) the appointment of a single nominee proposed by OCM Njord, following consultation with Hafnia, as director of the Issuer and that such nominee be appointed chair of the Issuer's board of directors, (ii) that no material non-arm's length transactions (such as share issuances below market price, except for ordinary course grants or issuance of securities pursuant to existing incentive programs) have been proposed or completed prior to the completion of the Purchase and (iii) the receipt of any mandatory, suspensory antitrust or foreign investment control approvals required to be obtained prior to completion of the Purchase. It also provides that the Parties will agree to cooperate to obtain confirmation, prior to entering into definitive documents, from the Panel on Takeovers and Mergers that Hafnia will not be considered to be "acting in concert" with OCM Njord in relation to the Issuer for purposes of the City Code on Takeovers and Mergers (the "UK Takeover Code") and that the Purchase will not give rise to any other adverse consequences under the UK Takeover Code. The Purchase is subject to the Parties entering into definitive documents regarding the proposed transaction. The Parties agreed to work towards agreeing definitive documents as soon as practicable, subject to having first received the UK Takeover Code confirmations referenced above. No agreement between the Parties, or with any of their respective affiliates, shall be deemed to exist until the Parties enter into definitive documents regarding the subject matter in the Offer Letter. The foregoing description of the Offer Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Offer Letter, a copy of which is attached hereto as Exhibit B and which is incorporated by reference herein. The information contained in Item 4 is hereby incorporated by reference to this Item 6. Exhibit A Joint Filing Agreement, dated as of September 5, 2025, by and among the Reporting Persons. Exhibit B Offer Letter, dated as of September 3, 2025, by and between OCM Njord Holdings S.a r.l. and Hafnia Limited. OCM NJORD HOLDINGS S.A R.L /s/ Martin Eckel 09/05/2025 OAKTREE CAPITAL MANAGEMENT GP, LLC /s/ Henry Orren 09/05/2025 Oaktree Capital Holdings, LLC /s/ Henry Orren 09/05/2025 Oaktree Capital Group Holdings GP, LLC /s/ Henry Orren 09/05/2025