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Scorpio Services purchase increased shares in Scorpio Bulkers

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Dry Bulk,

Scorpio Bulkers Inc. has announced that Scorpio Services Holding Limited (SSH) has purchased 150 000 common shares of the company at an average price of US$7.06 per share in the open market.

SSH owns a total of 13 627 513 common shares or approximately 18% of the company.

About Scorpio Bulkers Inc.

Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc., after the completion of the recent acquisition of six ultramax vessels, will own 52 vessels, consisting of 18 kamsarmax vessels and 34 ultramax vessels. The company also time charters-in one ultramax vessel. The owned fleet will have a total carrying capacity of approximately 3.6 million DWT upon the completion of the acquisition of the six ultramax vessels. Additional information about the company is available on the company’s website, which is not a part of this press release.

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