Belships — M&A Activity 2019

Apr 5, 2019

Belships ASA : Fairness opinion on the mandatory offer from Kontrari AS and Kontrazi AS

Belships ASA : Fairness opinion on the mandatory offer from Kontrari AS and Kontrazi AS

Attached is fairness opinion on the mandatory offer from Kontrari AS and

Kontrazi AS, prepared by Norne Securities AS.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.