THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION IN OR INTO THE US, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Reference is made to the mandatory offer (the "Offer") to acquire all issued and outstanding shares in Belships ASA ("Belships" or the "Company") made by Kontrari AS and Kontrazi AS (the "Offerors"), as set out in the offer document dated 14 March 2019. 

Today, on 2 April 2019, the Offerors have been notified that acceptances under the Offer for 670,736 shares have been received today. Together with the 120,454,198 shares already owned and previous acceptances, the Offerors will thus, upon completion of the Offer, own and hold rights to a total of 128,674,824 shares, corresponding to 73.5% of the issued shares and outstanding votes in the Company. 

The Offerors are related parties to Frode Teigen who is a member of the board of directors of Belships ASA.

2 April 2019

Kontrari AS and Kontrazi AS


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