Major shareholder's announcement

COMPANY ANNOUNCEMENT
28 March 2014
No. 7/2014

Major shareholder's announcement

In accordance with Section 29 of the Danish Securities Trading Act (værdipapirhandelsloven), it is hereby announced that OW Bunker A/S (the "Company") has been informed that on 27 March 2014 OW Lux S.àr.l. 7, rue Lou Hemmer, L-1748 Luxembourg-Findel, R.C.S. Luxembourg: B 181 498 (the "Shareholder") has subscribed to 31,710 shares each with a nominal value of DKK 1 (aggregate nominal value DKK 31,710) in connection with exercise of warrants held in the Company.

Further, the Shareholder has informed that it has sold 17,902,692 shares each with a nominal value of DKK 1 (aggregate nominal value DKK 17,902,692) in the Company in connection with the initial public offering and admission to trading on Nasdaq OMX Copenhagen A/S of shares in the Company.

The Shareholder now directly holds 15,753,483 shares each with a nominal value of DKK 1 (aggregate nominal value DKK 15,753,483) in the Company, corresponding to 42.8 % of the total share capital and 42.8 % of the total voting rights.

OW Lux S.àr.l. is wholly owned by Altor Fund II GP Limited, a company duly incorporated and organised under the laws of Jersey, having its principal office at 11-15 Seaton Place, St Helier, Jersey JE4 0QH Channel Islands, in its capacity as general partner of Altor Fund II (No. 1) Limited Partnership, Altor Fund II (No. 2) Limited Partnership, Altor Fund II (No. 3) Limited Partnership and as investment manager to Altor Fund II (No. 4) Limited.

For further information, please contact:
Per Bech Thomsen, IR & Group Communications, tel.: +45 3137 3133

About OW Bunker
OW Bunker is a leading global independent marine fuel (bunker) company founded in Denmark in 1980 with operations in 29 countries, including the world's busiest and most important ports. OW Bunker acts as a physical distributor as well as reseller of marine fuel, and operates a global fleet of around 30 bunker vessels. OW Bunker also provides advanced risk management solutions aimed at controlling costs, minimizing risk and protecting against market fluctuations. Read more on www.owbunker.com