Klaveness Combination Carriers

Capital/Financing Update • Dec 6, 2016

Denne melding til obligasjonseierne er kun utarbeidet på engelsk. For informasjon vennligst kontakt Nordic Trustee ASA.

To the bondholders in:

ISIN: NO0010705874 - FRN Klaveness Ship Holding AS Senior Unsecured Bond Issue 2014/2020

Oslo, 6 December 2016

Notice from Bondholders' Meeting

Today a Bondholders' meeting was held pursuant to summons of 22 November 2016.

There were sufficient Bondholders present at the meeting to form a quorum. The proposed resolution obtained 100 % of the votes, and the proposal was adopted according to the voting requirements of the Bond Agreement. The Bond Agreement will therefore be changed as set out in the summons to the meeting.

Yours sincerely Nordic Trustee ASA

Fredit 1 102

$\sim 20\%$