Evermore Global Advisors, LLC ("EGA"), a U.S. SEC-registered
investment adviser, is investment adviser to the Evermore
Global Value Fund (the "Fund"), an investment company
registered under the Investment Company Act of 1940, as well
as several institutional separate accounts (the "Fund" and
EGA's institutional separate accounts are collectively
referred to as "EGA's Managed Accounts"). Pursuant to
investment management agreements with EGA's Managed
Accounts, EGA has the power to make investment decisions and
vote shares on behalf of EGA's Managed Accounts.
On June 23, 2017, several of EGA's Managed Accounts
acquired 89,320 additional shares of Songa Bulk ASA ("Songa
Bulk") at an average price of NOK 38.30. After this
transaction, EGA's Managed Accounts held 3,608,240 shares of
Songa Bulk or 10.06% of Songa Bulk's total number of shares
outstanding and EGA had voting rights equivalent to 10.06%
of the total votes. After the transaction, the Fund held
2,148,278 shares of Songa Bulk or 5.99% of Songa Bulk's
total number of shares outstanding.