Western Bulk Chartering launches offer to subscribe for shares

Western Bulk Chartering AS launches an offer to subscribe for shares for the smaller shareholders of Bulk Invest ASA.

Following the private placement in June 2016, which was directed to the largest shareholders in Bulk Invest ASA, Western Bulk Chartering AS launched a repair offering to the smaller shareholders in Bulk Invest ASA to subscribe for shares in Western Bulk Chartering AS on 24 August 2016. Pareto Securities is acting as manager for the offer, and further information including a prospectus for the transaction can be found on their web pages: www.paretosec.com

The offer is only available for "Eligible Shareholders" as further defined in the prospectus, and the offer expires on 7 September 2016 at 16.30 hours (CET).

Western Bulk

Email and IT-related Fraud Alert

There is an increasing risk of attempted fraud and other security threats via email. In particular, Western Bulk has noticed an increase of fraudulent requests to change bank account details of suppliers/creditors, in an attempt to redirect payments to criminals and not to the intended recipient. We encourage everyone to be vigilant and learn to detect fraudulent email instructions - seemingly legitimate emails may contain fraudulent information, this is not just a cybersecurity matter.

As a result, Western Bulk will treat any notice of bank account changes as suspicious. Urgent pressure to effect payment as soon as possible without verification of the changes will also be treated as suspicious.

Please note that Western Bulk would not inform of changes to bank account details by email notice alone. In the unlikely event that we need to change a beneficiary name or our other bank account details, we would personally contact our supplier or customer in order to personally verify any change in details.

Similarly, we ask that all our suppliers and creditors:

1. first notify us in writing and
2. personally verify any change in bank details or change in beneficiary in any payment advice to Western Bulk.

In summary, notices of bank account changes will require voice confirmation from your Western Bulk contact, either by telephone or face to face, before payment can be authorised so please make sure to notify any changes in good time.