Fjord Defence Group ASA

Prospectus • May 23, 2017

SONGA BULK ASA - APPROVAL AND PUBLICATION OF LISTING PROSPECTUS

SONGA BULK ASA - APPROVAL AND PUBLICATION OF LISTING PROSPECTUS

23 May 2017 - The Financial Supervisory Authority of Norway has

today approved the listing prospectus (the "Prospectus") prepared by

Songa Bulk ASA (the "Company") in connection with the listing of the

Company's shares on Oslo Axess.

The Prospectus will be available at www.songabulk.no,

http://securities.clarksons.com/ and http://fearnleysecurities.no/

from today. Hard copies of the Prospectus may be obtained free of

charge by contacting the Company.

This information is subject to the disclosure requirements pursuant

to section 5-12 of the Norwegian Securities Trading Act.

*****

For further information, please contact:

Herman Billung, CEO

Tel: + 47 23 01 14 34

hb@blystad.no

About Songa Bulk ASA

Songa Bulk ASA was founded in 2016 by the Blystad Group and Mr.

Herman Billung. Songa Bulk seeks to actively manage the cyclicality

in dry bulk through investing at historically low asset values. The

Company was founded based on: aligned interests between founders and

shareholders, efficient and low cost set-up and a conservative

leverage profile. Songa Bulk will focus on returning capital to

shareholders through asset sales and dividends as dry bulk

fundamentals allow.

For more information about Songa Bulk ASA, please see

www.songabulk.no