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2016-02-01

Western Bulk ASA: Western Bulk ASA - Kistefos AS intends to offer existing shareholders to acquire pro rata portion in Western Bulk Chartering

Oslo, 1 February 2016
- Reference is made to the previously published stock exchange notice dated 1
February regarding the agreement to sell Western Bulk Chartering AS including
all subsidiaries (the "Western Bulk Chartering Group") to a wholly owned
subsidiary of Kistefos AS.

Kistefos AS has informed Western Bulk ASA that it intends to offer the
existing shareholders of Western Bulk ASA to acquire a pro rata portion of
the Western Bulk Chartering Group.

Further information about this offer, including information as to the record
date, will be communicated in due course.

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

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

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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: Western Bulk ASA via Globenewswire

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