Oslo, 15 February 2016 - Bulk Invest ASA (the 'Company') has sent a written enquiry to the main creditors concerned to initiate a dialogue and pursue potential solutions to the Company's challenging financial situation.

Further, the Company has mandated, on an exclusive basis, a financial advisor to assist with the restructuring of the Company's obligations related to its chartered-in fleet. The mandate also includes a plan to potentially raise additional equity capital if a viable solution with the main creditors is achieved. The financial advisor is mandated based on a success fee remuneration only, save for reimbursement of direct expenses incurred as part of their mandate.

If no acceptable solution for the Company with the main creditors is achieved, the basis for the Company's continued operations will be reassessed.

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

Håvard Furu, Chief Financial Officer
Tel: +47 9912 3443
E-mail: havard.furu@bulkinvest.com

About Bulk Invest ASA:

For more information about Bulk Invest ASA, see www.bulkinvest.no

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

Bulk Invest ASA issued this content on 15 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/201602/1986020.xml