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2016-02-02

Western Bulk ASA: Western Bulk ASA - Update to bondholders

As announced by Western Bulk ASA on 1st February 2016, Western Bulk ASA will
summon for a bondholders' meeting in order to obtain approval for certain
amendments required to facilitate for the sale of Western Bulk Chartering AS
and the change of debtor under Western Bulk ASA's WBULK01 PRO bond issue with
ISIN NO 001 067 557.2. Attached is a brief information package describing the
current situation and the transaction.

Pareto Securities is appointed as advisor to the Board of Directors of Western
Bulk ASA. Bondholders may contact Pareto Securities AS Fixed Income Sales
desk at +47 22 87 87 70 for additional queries related to this.

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

Presentation to bondholders
http://hugin.info/158865/R/1983006/726653.pdf

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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

HUG#1983006

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