Results of offer to acquire own shares

26 Jun 2026 20:42 CEST

Reference is made to the stock exchange releases of Western Bulk Chartering AS
(“Western Bulk” or the "Company") dated 20 and 28 May 2026 concerning an offer
to acquire own shares in connection with the Company's employee share purchase
program.

The Company’s board of directors has resolved to acquire 893,611 shares at a
price of NOK 20 per share. The settlement will take place on or about 26 June
2026. As a result of the buy back, the Company owns 893,611 own shares,
corresponding to 2.7% of the share capital and voting rights in the Company.

All the shares will subsequently be sold to employees of the Company through the
Company’s employee share purchase program.

CEO and primary insider Torbjørn Gjervik will purchase 83,972 shares through his
newly established investment company TG INV AS at a purchase price of NOK 14 per
share. His total holding of shares in the Company after this purchase will be
83,972 shares through TG INV AS and 133,026 shares in his own name.

CFO and primary insider Kenneth Thu will purchase 83,971 shares through his
investment company KTHU AS at a purchase price of NOK 14 per share. His total
holding of shares in the Company after this purchase will be 180,971 shares
through KTHU AS.

The remaining 725,668 shares will be purchased by a group of about 30 employees.


Contacts
For more information, please contact:

Torbjørn Gjervik, Chief Executive Officer
Tel: +47 940 28211
E-mail: torbjorn.gjervik@westernbulk.com

Kenneth Thu, Chief Financial Officer
Tel: +47 988 74302
E-mail: kenneth.thu@westernbulk.com


About Western Bulk Chartering:
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 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
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.

The information, opinions and forward-looking statements contained in this
release speak only as at its date and are subject to change without notice
Western Bulk Chartering disclaims any obligation to update and revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

More information:
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