Western Bulk Chartering Investor Relations Material

Western Bulk Chartering AS, together with its subsidiaries, operates as a dry bulk shipping company. It is involved in chartering and operating dry bulk vessels for the transportation of products, such as minerals, timber, cement, bauxite, steel products, grains, coal and others; and chartering and operating chartered-in vessels. The company operates a fleet of approximately 110 vessels. It operates in Singapore, Switzerland, the United States, the United Arab Emirates (UAE), Brazil, India and internationally. The company was incorporated in 1982 and is headquartered in Oslo with subsidiaries in Singapore and London. Western Bulk Chartering AS is a subsidiary of Kistefos AS which itself is owned by two groups: Vale SA (Vale) - Brazilian mining company which has a 65% stake in Kistefos' voting shares through its subsidiary holding company Kistefos Investimentos SGPS SA; onshore funds managed by BlackRock Asset Management UK Ltd.- which owns 35% of Kistefos' voting shares.