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Regulatory press release

WEST: Western Bulk appoints new Head of North Atlantic

Western Bulk Chartering
Joachim Frantsen has been appointed as the new Head of the North Atlantic desk,
effective 1 September. He succeeds Torbjørn Gjervik who has been promoted to
Group CEO.

"IŽm pleased that we have so much internal talent willing to take on exciting
opportunities as we are growing our company. With more than 20 years' experience
from chartering and dry bulk, Joachim is equipped with all the tools needed for
the team's continued success in serving our customers," says Torbjørn Gjervik.

Joachim has previously held the position of Head of Black Sea and
Mediterranean/Steel team and joined Western Bulk as a chartering manager in
January 2017, coming from the Torvald Klaveness Group where he worked in
chartering for more than 10 years.

The North Atlantic desk consists of 9 chartering managers working out of the
companyŽs offices in Oslo and Seattle. The team handles a volume of more than 40
vessels across the North Atlantic region.

Contacts
For more information, please contact:
Ørjan Svanevik, Board member and Interim Chief Executive Officer
E-mail: orjan.svanevik@westernbulk.com

Kenneth Thu, Chief Financial Officer
Tel: +47 988 74302
E-mail: kenneth.thu@westernbulk.com

About Western Bulk Chartering:
Western Bulk Chartering AS is a major dry bulk shipping operator. The company is
owned by the Kistefos Group (68,7 %), Sayonara AS (former Ojada AS) (8,3 %), and
a group of about 1200 other shareholders. Western Bulk Chartering AS is
registered on Euronext Growth Oslo. See www.westernbulk.com for more
information.
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