Belships ASA : Completion of merger with the Lighthouse Group

Oslo, 10 December 2018

Reference is made to the stock exchange announcement by Belships ASA (the “Company” or “Belships”) on 26 October 2018 regarding the approval by the extraordinary general meeting of the merger plan related to 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.

All the conditions for the completion of the Merger, including the expiry of the creditor notice period, have been fulfilled and the Merger has been registered as completed by the Norwegian Register of Business Enterprises today on 10 December 2018.

Belships ASA has upon completion of the Merger issued 127,765,993 consideration shares to the shareholders of the assigning companies, and following the issuance there are 175,117,993 shares outstanding in Belships ASA, each with a nominal value of NOK 2. The new share capital of the Company is NOK 350,235,986.

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