Exercise of vessel purchase option

21 Mar 2025 11:00 CET

(Oslo, 21 March 2025) Western Bulk Chartering AS (Western Bulk, OSE:WEST) today
announces the sale of the 2020-built ultramax vessel Western Singapore,
realizing a net profit of approximately USD 1.5 million, following the exercise
of a vessel purchase option.

Western Bulk has entered into an agreement to sell the Western Singapore to an
unnamed buyer by exercising a purchase option with a subsequent sale in the
second-hand market. The details of the transaction are subject to
confidentiality agreements, but Western Bulk expects to book a net profit of
approximately USD 1.5 million in the second quarter 2025.

Following the Western Singapore transaction, the company has one purchase option
left in the trading book.

For more information, please contact:

Torbjørn Gjervik, Chief Executive Officer
Tel: +47 940 28 211
E-mail: torbjorn.gjervik@westernbulk.com

Jørgen Veie-Rosvoll, Head of Period Tonnage
Tel: +47 482 38 213
E-mail: jorgen.veie-rosvoll@westernbulk.com


About Western Bulk:
Western Bulk is a global dry bulk operator and derivatives trader registered on
Euronext Growth in Oslo. Propelled by an entrepreneurial spirit, we combine
in-depth maritime knowledge with trading expertise. Through combining advanced
risk management, extensive use of market data, analytics to optimize fleet
deployment and vessel-cargo matching, we offer tailor-made solutions serving our
customers´ needs.
See www.westernbulk.com for more information.

Disclaimers
This press release contains forward-looking statements. Forward-looking
statements are statements that are not historical facts and may be identified by
words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,”
“may,” "continue," “should” and similar expressions. The forward-looking
statements in this release are based upon various assumptions, many of which are
based, in turn, upon further assumptions. Although Western Bulk Chartering AS
believes that these assumptions were reasonable when made, these assumptions are
inherently subject to significant known and unknown risks, uncertainties,
contingencies and other important factors which are difficult or impossible to
predict and are beyond its control. Such risks, uncertainties, contingencies and
other important factors could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements.

More information:
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