Belships ASA : EX RIGHT TO PARTICIPATE IN SUBSEQUENT OFFERING TODAY

Reference is made to announcement made by Belships ASA ("Belships" or the "Company") on 29 May 2019 regarding the successful completion of the private placement and the decision by the Company's board of directors to initiate a subsequent offering of up to 1,603,128 new shares directed at its existing shareholders as of close of trading 28 May 2019, as subsequently recorded in the VPS on 31 May 2019, who were not allocated shares in the Private Placement and who are not resident in a jurisdiction where such offering would be unlawful or, for jurisdictions other than Norway, would require any prospectus, filing, registration or similar action (the "Subsequent Offering").