Fjord Defence Group ASA

Songa Bulk AS: Completed extraordinary general meeting

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Oslo, 17 February 2017: Reference is made to the announcement

published by Songa Bulk AS ("Songa Bulk" or the "Company") on 10

February 2017 regarding notice of an extraordinary general meeting.

The extraordinary general meeting was held today, 17 February 2017,

in the Company's premises in Oslo. The general meeting approved all

resolutions as proposed by the board, including issuance of

20,000,000 new shares pursuant to the private placement as announced

on 10 February 2017 and the issue of 400,000 warrants. The minutes

are attached to this notice.

The shares to be issued as part of the private placement are

expected to be registered in the VPS and delivered to the investors

who were allocated shares in the private placement on or about 20

February 2017. It is expected that the new shares will be listed on

Merkur Market under the company's ticker SBULK-ME from and including

Monday 20 February 2017.

For further information, please contact:

Herman Billung, CEO

Tel: + 47 23 01 14 34

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