Belships ASA: Mandatory notification of trade

Kontrari AS and Kontrazi AS are closely associated with board member Frode
Teigen. Kontrari AS has today acquired a total of 22 083 shares in Belships ASA
at a price of NOK 14.3823 per share. Following this transaction, Kontrari AS and
Kontrazi AS holds 102 500 000 and 32 500 000 shares in the company,
respectively, corresponding to a total of 135 000 000 shares (53.33%).

Please see the attached document for further details of the transaction.

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation article 19.