Scorpio Bulkers announces purchase of 500,000 common shares by SSH

Scorpio Services Holding Limited ("SSH") purchased an aggregate of 500,000 common shares of the Company in the open market at an average price of $1.78 per share. The Company currently has 336,081,930 common shares outstanding, of which SSH owns 18,144,129, or 5.4%, Scorpio Bulkers Inc. (SALT) said on Friday.

About Scorpio Bulkers Inc.
Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. currently owns 12 vessels, consisting of three Capesize, three Kamsarmax vessels and six Ultramax vessels. The Company also time charters-in 11 dry bulk vessels (consisting of one Handymax, one Ultramax, three Supramax, one Panamax, two Kamsarmax and three Post-Panamax vessels) and has contracted for 52 dry bulk vessels consisting of 22 Ultramax, 19 Kamsarmax (including one vessel held for sale) and 11 Capesize vessels (including three vessels held for sale), from shipyards in Japan, South Korea and China. Upon final delivery of all of the vessels the owned fleet is expected to have a total carrying capacity of approximately 5.4 million deadweight tonnes.