Belships ASA : Final result of the rights issue

The Board of Directors of Belships ASA (Belships) has today approved the final allocation of the shares offered in the rights issue based on the allocation criteria set out in the prospectus dated 28 June 2013. 22,500,000 new shares were offered in the rights issue and have now been allocated. At the end of the subscription period on 24 July 2013, Belships had received subscriptions for a total of 18,036,131 new shares. All subscribers in the rights issue have been allocated the number of shares subscribed for.
Sonata AS has, in accordance with the underwriting agreement, subscribed for and been allocated the remaining 4,463,869 new shares not subscribed for in the rights issue.
Notification letters for allocated new shares and the corresponding subscription amount to be paid by each subscriber are expected to be distributed today.
Payment for the allocated shares falls due on 1 August 2013.
The new shares may not be transferred or traded before they are fully paid and the share capital increase relating to the rights issue has been registered with the Norwegian Register of Business Enterprises, which is expected on or about 5 August 2013. The new shares are expected to be transferred to the VPS accounts of the subscribers and admitted to trading on the Oslo Stock Exchange on the same day.
Belships will receive gross proceeds of NOK 90 million from the rights issue. Belships’ Extraordinary General Meeting resolved on 27 June 2013 to increase the share capital by NOK 45 million through the issue of 22,500,000 new shares. Following registration of the share capital increase in the Norwegian Register of Business Enterprises, Belships’ share capital will be NOK 94,704,000 divided into 47,352,000 shares, each with a nominal value of NOK 2.
For further information, please contact:
Ulrich Müller, Managing Director, Belships ASA
Telephone +47 22 52 76 00 / +47 924 90 400
Osvald Fossholm, Finance Director, Belships ASA
Telephone +47 22 52 76 00 / +47 908 87 393

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan or Hong Kong or in other jurisdictions where such distribution is not lawful. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”). There will be no public offer of securities in the United States. 
The contemplated issue of ordinary shares (the “Offer Shares”) in Belships ASA (“the Company”), the exercise or sale of subscription rights contemplated to be issued in the Rights Offering (the “Subscription Rights”) and the subscription or purchase of Shares or Rights (the “Rights Offering”) are subject to specific legal or regulatory restrictions in certain jurisdictions. The Company assumes no responsibility in the event there is a violation by any person of such restrictions.
This stock exchange release is for information purposes only and has not been approved by any regulatory authority. It is not a prospectus, disclosure document or offering document and does not purport to be complete. Nothing in this stock exchange release should be interpreted as a term or condition of the Rights Offering. Investors should not subscribe for, purchase, otherwise acquire, sell or otherwise dispose of Rights and/or ordinary shares except on the basis of information in the prospectus published by the Company in connection with the Rights Offering (the “Prospectus”) which contains further information relating to the Company as well as a summary of the risk factors to which any investment is subject. This stock exchange release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to acquire any securities offered by any person in any jurisdiction in which such an offer or solicitation is unlawful. 
The distribution of this stock exchange release and/or the Prospectus into jurisdictions other than Norway may be restricted by law. Persons into whose possession this stock exchange release and/or the Prospectus come should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
ABG Sundal Collier Norge ASA is acting for the Company and no one else in connection with the Rights Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Rights Offering and/or any other matter referred to in this document.
This document and any materials distributed in connection with this document may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the risks and uncertainties set out in the Prospectus.