Belships ASA : Primary insider notice and disclosure of large shareholding

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.