Oslo, 10 December 2018
Reference is made to the stock exchange announcement made by Belships ASA ("Belships" or the "Company") today regarding the completion of the merger between Belships Chartering AS, a wholly-owned subsidiary of Belships (as the assignee company) and LHS Holdco AS, LHS Holdco II AS, LHN Holdco 1 AS and LHN Holdco 2 AS (as the assigning companies) (the "Merger"), and the issuance of the consideration shares by Belships.
Following completion of the Merger:
· Sonata AS owns 17,461,778 shares, representing 10% of the shares and votes in the Company,
· Kontrari AS and Kontrazi AS, companies which are coordinating the exercise of shareholder rights on behalf of Frode Teigen and family in the Company, own 120,452,246 shares, representing 68.8% of the shares and votes in the Company,
· Nepa owns 13,330,834 shares, representing 7.6% of the shares and votes in the Company.
This information is subject to the disclosure requirements set out in sections 4-2 and 4-3 of the Norwegian Securities Trading Act.