Western Bulk Chartering AS - Employee share program

Reference is made to the stock exchange releases of Western Bulk Chartering AS ("Western Bulk" or the "Company") dated 20 May, 28 May and 26 June 2026 in connection with the Company's employee share purchase program.

The Company's Board of Directors has approved a total of 1,000,000 shares to be included in the employee share purchase program, whereof 893,611 shares were acquired and sold to employees in June 2026. To reach the full amount of 1,000,000 shares, the Company has bought an additional 106,389 own shares, corresponding to 0.32% of the share capital and voting rights in the Company. The shares have been bought at an average price of NOK 22.37 per share. The purchase was made pursuant to the authorization granted to the Board of Directors at the Annual General Meeting held on 10 April 2026, under which the Company was authorized to acquire own shares with an aggregate nominal value of up to NOK 168,098 at a price per share of between NOK 1 and NOK 200. All the shares will be sold to employees of the Company through the Company's employee share purchase program at a price of NOK 17.80 per share.

CEO and primary insider Torbjørn Gjervik will purchase 23,420 shares through his investment company TG INV AS at a purchase price of NOK 17.80 per share. His total holding of shares in the Company after this purchase will be 107,392 shares through TG INV AS and 133,026 shares in his own name.

CFO and primary insider Kenneth Thu will purchase 23,420 shares through his investment company KTHU AS at a purchase price of NOK 17.80 per share. His total holding of shares in the Company after this purchase will be 204,391 shares through KTHU AS.

The remaining shares will be purchased by other employees on the same terms.

For further information, please contact: Kenneth Thu, Chief Financial Officer Tel: +47 988 74302 E-mail: kenneth.thu@westernbulk.com

About Western Bulk Chartering

Western Bulk is a global dry bulk operator and derivatives trader admitted to trading on Euronext Growth Oslo. Propelled by an entrepreneurial spirit, we combine in-depth maritime knowledge with trading expertise. Through combining advanced risk management, extensive use of market data, analytics to optimize fleet deployment and vessel-cargo matching, we offer tailor-made solutions serving our customers' needs. See westernbulk.com for more information.

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.