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2016-02-15

Bulk Invest ASA: Bulk Invest ASA - Restructuring update

Oslo, 15 February 2016 - Bulk Invest ASA (the "Company
") has sent a written enquiry to the main creditors concerned to initiate a
dialogue and pursue potential solutions to the Company's challenging
financial situation.

Further, the Company has mandated, on an exclusive basis, a financial advisor
to assist with the restructuring of the Company's obligations related to its
chartered-in fleet. The mandate also includes a plan to potentially raise
additional equity capital if a viable solution with the main creditors is
achieved. The financial advisor is mandated based on a success fee
remuneration only, save for reimbursement of direct expenses incurred as part
of their mandate.

If no acceptable solution for the Company with the main creditors is achieved,
the basis for the Company's continued operations will be reassessed.

For more information, please contact:
Jens Ismar, Chief Executive Officer
Tel: +47 9009 0897
E-mail:jens.ismar@bulkinvest.com

Håvard Furu, Chief Financial Officer
Tel: +47 9912 3443
E-mail:havard.furu@bulkinvest.com

About Bulk Invest ASA:

For more information about Bulk Invest ASA, seewww.bulkinvest.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bulk Invest ASA via Globenewswire

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