Fjord Defence Group ASA

Share Issue/Capital Change • Feb 7, 2017

Songa Bulk AS: New share capital registered

Songa Bulk AS: New share capital registered

Reference is made to the stock exchange notice

published by Songa Bulk AS (the "Company") on 1

February 2017 regarding the board's resolution to issue

1,000,000 new shares in the Company in connection with

the delivery of the Songa Glory.

The share capital increase pertaining to the share

issuance has now been registered with the Norwegian

Register of Business Enterprises. Following the

registration of the share capital increase, the

Company's total share capital is NOK 79,300,000,

divided into 15,860,000 shares, each with a nominal

value of NOK 5.