WESTERN BULK CHARTERING Western Bulk hereby declares a dividend ofUSD 16 million based on the company's results for the first quarter of 2022. The declared dividend ofUSD 16 million corresponds to a dividend ofNOK 142.4 million @USDNOK 8,90, orNOK 4,24 per share. The share will trade ex dividend onApril 27th , record date isMay 2nd and payment date isMay 5th . By utilizing the continued high market volatility, both in respect of total market levels and relative levels between the Pacific andAtlantic basins, Western Bulk has achieved a record high result for the first quarter of 2022. Based on the current market outlook a net profit after tax ofUSD 7 to 9 million is expected for Q2-22. Contacts For more information, please contact:Hans Aasnæs , Chief Executive Officer Tel: +47 922 53957 E-mail: hans.aasnas@westernbulk.comKenneth 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 privately owned byKistefos Group (68,1 %), Ojada AS (8,3 %) and a group of about 1000 other shareholders. See www.westernbulk.com for more information.Western Bulk Chartering AS is listed on Euronext Growth. Disclaimers This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe," "expect," "anticipate," "intends," "estimate," "will," "may," "continue," "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Western Bulk Chartering believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this release speak only as at its date and are subject to change without notice Western Bulk Chartering disclaims any obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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