Fjord Defence Group ASA

Notice of Dividend Amount • Oct 2, 2018

Songa Bulk ASA - Dividend amount

Songa Bulk ASA - Dividend amount

Reference is made to the notice to the extraordinary general meeting in Songa Bulk ASA ("Songa" or the "Company") published on 12 September 2018, and the pertaining stock exchange notice, where the Board of Directors of the Company has proposed the distribution of an extraordinary dividend in an amount corresponding to the market value of the 702.985 consideration shares in Star Bulk held by Songa (the "Remaining Consideration Shares").

At close of trading on Nasdaq on 2 October 2018, the market value per Remaining Consideration Share is USD 14.86. The total dividend amount for the proposed extraordinary dividend to be voted for at the extraordinary general meeting tomorrow, 3 October 2018, is accordingly calculated to USD 10,446,357.10, corresponding to USD 0.2913 per share in Songa. The dividend amount will be payable in either (i) 0.0196 Star Bulk shares per Songa share; or (ii) the NOK equivalent of USD 0.2913 on the payment date (to shareholders in Songa not eligible to receive the Consideration Shares as further set out in the notice).

For further information, please contact:

CEO Thomas Rønningen

tr@blystad.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.