BELSHIPS ASA : Disclosure of changed shareholding

Reference is made to the stock exchange announcement by Belships ASA (the "Company" or "Belships") today, on 1 August 2019, regarding completion of the acquisition of a 55,866 dwt bulk carrier from Prospero Marine Ltd AS (the "Transaction") and the issuance of 7,405,114 consideration shares by Belships to Prospero Marine Ltd (the "Share Issue"). As a result of the Share Issue, the shareholding of Wenaasgruppen AS with close associates has been diluted and passed under the threshold of 5% of...

Reference is made to the stock exchange announcement by Belships ASA (the "Company" or "Belships") today, on 1 August 2019, regarding completion of the acquisition of a 55,866 dwt bulk carrier from Prospero Marine Ltd AS (the "Transaction") and the issuance of 7,405,114 consideration shares by Belships to Prospero Marine Ltd (the "Share Issue").

As a result of the Share Issue, the shareholding of Wenaasgruppen AS with close associates has been diluted and passed under the threshold of 5% of the shares and votes in the Company. Based on the Company's new share capital following the Share Issue registered today, the shareholding of Wenaasgruppen AS with close associates of 10,573,275 shares in Belships, equals 4.98% of the shares and votes in the Company.

This information is subject of the disclosure requirements pursuant to section 4-3 of the Norwegian Securities Trading Act.