Belships — Director's Dealing 2022

May 3, 2022

1	Details of the person discharging managerial responsibilities/person closely associated
	a) Name	Yngve Aslaksen Gram
2	Reason for the notification
	a) Position/status	VP Finance
	b) Initial notification/Amendment	Initial notification
3	Details of issuer
	a) Name	Belships ASA
	b) LEI	5967007LIEEXZXJCKO49
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	a) Description of the financial instrument, type of instrument Identification code	Derivatives/share options linked to the shares in Belships ASA (ISIN NO0003094104 )
	b) Nature of the transaction	Grant of stock options
	c) Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 0	100,000
	d) Aggregated information	100,000
	— Aggregated volume
	— Price	NOK 0
	e) Date of the transaction	2022-05-03
f)	Place of the transaction	Outside a trading venue - XOFF

Notification of transactions by Primary Insiders and Close Associates