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2016-02-17

Bulk Invest ASA: Reference date for the right to acquire shares in Kistefos Equity Operations AS, the parent company of the Western Bulk Chartering group

Reference is made to the stock exchange notice dated 1 February regarding
Kistefos AS' intention to offer existing shareholders in Bulk Invest ASA
(formerly Western Bulk ASA) to acquire shares in Kistefos Equity Operations
AS, the parent company of the Western Bulk Chartering group, pro rata to
their holding of shares in Bulk Invest ASA. Kistefos has informed Bulk Invest
ASA that the record date for the right to acquire such shares will be 29th
February 2016, meaning that the Bulk Invest ASA share will trade exclusive of
such right from and including 26th February 2016.

A transcript of the shareholders' register of Bulk Invest ASA as of the record
date will be kept by Kistefos AS and will be used as a basis for the making
of an offer at a later stage. Please note, however, that the date of the
launch of the offer has not yet been determined. For practical reasons it
will take some time before an offer can be launched. Among other things, the
launch of an offer is expected to require the approval of a prospectus by the
Financial Supervisory Authority of Norway. Shareholders as of the record date
will be contacted at the time of the launch of the offer, and will at that
time be provided with details of the offer. No transferable subscription or
acquisition rights will be issued in connection with the offer.

The offer will not be made in any jurisdiction outside Norway where the making
of the offer would require any registration or filing with relevant
authorities or would violate applicable laws. This notice does not constitute
an offer to sell any securities or a solicitation of any offer to acquire any
securities.

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

This information is subject to 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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