Southport, CT, USA, 23 November 2020 – Chembulk Holding LLC (“Chembulk”), a wholly-owned subsidiary of Chembulk Tankers LLC, has notified Nordic Trustee AS of its intention to exercise its call option for the Chembulk Holding LLC 8.00% Senior Secured Callable USD 250,000,000 bonds 2018/2023 with ISIN NO 0010814593. The entire bond issue will be repaid at 104.00% of the Nominal Amount plus accrued interest on the redeemed amount, with settlement date 8 December 2020.

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