Reference is made to the stock exchange notice dated 1 February regarding Kistefos AS' intention to offer existing shareholders in Bulk Invest ASA (formerly Western Bulk ASA) to acquire shares in Kistefos Equity Operations AS, the parent company of the Western Bulk Chartering group, pro rata to their holding of shares in Bulk Invest ASA. Kistefos has informed Bulk Invest ASA that the record date for the right to acquire such shares will be 29th February 2016, meaning that the Bulk Invest ASA share will trade exclusive of such right from and including 26th February 2016.

A transcript of the shareholders' register of Bulk Invest ASA as of the record date will be kept by Kistefos AS and will be used as a basis for the making of an offer at a later stage. Please note, however, that the date of the launch of the offer has not yet been determined. For practical reasons it will take some time before an offer can be launched. Among other things, the launch of an offer is expected to require the approval of a prospectus by the Financial Supervisory Authority of Norway. Shareholders as of the record date will be contacted at the time of the launch of the offer, and will at that time be provided with details of the offer. No transferable subscription or acquisition rights will be issued in connection with the offer.

The offer will not be made in any jurisdiction outside Norway where the making of the offer would require any registration or filing with relevant authorities or would violate applicable laws. This notice does not constitute an offer to sell any securities or a solicitation of any offer to acquire any securities.

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

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

Bulk Invest ASA issued this content on 17 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 February 2016 14:29:28 UTC

Original Document: http://www.westernbulk.com/release?xml=http://cws.huginonline.com/B/158865/PR/201602/1986700.xml