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Fincantieri

Regulatory Filings Aug 11, 2016

4085_rns_2016-08-11_3f5eb692-537c-4674-9e89-787cff13fd52.pdf

Regulatory Filings

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Informazione
Regolamentata n.
1616-80-2016
Data/Ora Ricezione
11 Agosto 2016
18:16:20
MTA
Societa' : FINCANTIERI
Identificativo
Informazione
Regolamentata
: 78315
Nome utilizzatore : FINCANTIERIN02 - Manca
Tipologia : IROS 13
Data/Ora Ricezione : 11 Agosto 2016 18:16:20
Data/Ora Inizio
Diffusione presunta
: 11 Agosto 2016 18:31:21
Oggetto : FINCANTIERI Vard finalizes the order for 4
ships for Ponant
Testo del comunicato

Vedi allegato.

FINCANTIERI: VARD FINALIZES THE ORDER FOR 4 SHIPS FOR PONANT

Trieste, August 11, 2016 – The press release issued by Vard Holdings Limited ("VARD") is here attached.

VARD is 55.63% controlled by Fincantieri which fully consolidates its financial results.

* * *

Fincantieri is one of the world's largest shipbuilding groups and number one by diversification and innovation. It is leader in cruise ship design and construction and a reference player in all high-tech shipbuilding industry's sectors, from naval to offshore vessels, from high-complexity special vessels and ferries to mega-yachts, ship repairs and conversions, systems and components production and after-sales services.

Headquartered in Trieste (Italy), the Group has built more than 7,000 vessels in over 230 years of maritime history. With almost 19,000 employees, of whom more than 7,800 in Italy, 20 shipyards in 4 continents, today Fincantieri is the leading Western shipbuilder. It has among its clients the major cruise operators, the Italian and the U.S. Navy, in addition to several foreign navies, and it is partner of some of the main European defense companies within supranational programmes.

www.fincantieri.com

* * *

FINCANTIERI S.p.A. – Media Relations

Antonio Autorino Laura Calzolari Cristiano Musella Micaela Longo
Tel. +39 040 3192473 Tel. +39 040 3192527 Tel. +39 040 3192225 Tel. +39 040 3192247
Mob. +39 335 7859027 Mob. +39 334 6587922 Mob. +39 366 9254543 Mob. +39 366 6856280
[email protected] [email protected] [email protected] [email protected]

FINCANTIERI S.p.A. – Investor Relations

Angelo Manca Federica Capuzzo Tijana Obradovic Silvia Ponso Tel. +39 040 3192457 Tel. +39 040 3192612 Tel. +39 040 3192409 Tel. +39 040 3192371 [email protected] [email protected] [email protected] [email protected]

Image Building – Media Relations

Giuliana Paoletti Simona Raffaelli Alfredo Mele
Tel. +39 02 89011300 Tel. +39 02 89011300 Tel. +39 02 89011300
Mob. +39 335 6551356 Mob. +39 335 1245191 Mob. +39 335 1245185
[email protected] [email protected] [email protected]

For Immediate Release

VARD CONFIRMS CONTRACTS WITH PONANT

Singapore, 12 August 2016 – Vard Holdings Limited ("VARD"), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that contracts for four luxury expedition cruise vessels with French cruise company PONANT have been confirmed.

A Letter of Intent ("LoI") with respect to the contracts had been announced on 16 March 2016, subject to several conditions being met, including satisfactory financing. At the end of June, VARD and PONANT had entered into shipbuilding contracts. All conditions have now been fulfilled and the contracts have become effective.

The ice-class expedition cruise vessels will be approximately 10,000 gross tons, about 131 metres long, 18 metres wide and will have a cruise speed of 15 knots. Each vessel can accommodate 180 passengers (92 cabins) and a crew of 110. The vessels will be arranged with high class of luxury facilities on board, fulfilling the highest demands for environmentally friendly and safe operations.

The hulls will be built at Vard Tulcea in Romania. Delivery is scheduled from Vard Søviknes in Norway in the period summer 2018 to summer 2019.

PONANT, a subsidiary of ARTEMIS Group and headquartered in Marseille, France, was founded in 1988 by Jean-Emmanuel Sauvée and a dozen Merchant Navy officers. Today the company is a reference for a new style of high-end cruises, a unique concept for sea travel that combines exceptional itineraries with five-star amenities on small capacity luxury ships. Currently they operate a fleet of five vessels. PONANT is the only French-flag cruise line, and world number one for polar cruises. www.ponant.com

– Ends –

Registered address: Vard Holdings Limited Six Battery Road #10-01, Singapore 049909 Company Reg. Number: 201012504K Visiting address: Vard Holdings Limited c/o Vard Group AS, Skansekaia 2, NO-6002 Ålesund, Norway

PONANT EXPLORER SERIES

VARD 6 08 Overall length: 131 m | Breadth approx. 18 m | Luxury Expedition Cruise Vessel

For further information please contact:

VARD Holger Dilling EVP Investor Relations Mobile: +47 90 61 92 55 [email protected]

Hege Anita Akselvoll SVP Corporate Communications Mobile: +47 91 69 00 51 [email protected]

NEWGATE COMMUNICATIONS Michelle Tan Mobile: +65 9711 3356 [email protected]

Jean Li Mobile: +65 9749 4209 [email protected]

About VARD

Vard Holdings Limited ("VARD"), together with its subsidiaries (the "Group"), is one of the major global designers and shipbuilders of offshore and specialized vessels. Headquartered in Norway and with approx. 10,000 employees, VARD operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam. Through its specialized subsidiaries, VARD develops power and automation systems, deck handling equipment, and vessel accommodation solutions, and provides design and engineering services to the global maritime industry.

VARD's long shipbuilding traditions, cutting-edge innovation and technology coupled with its global operations ensure access to the fastest growing oil exploration markets. The Group's expertise and track record in constructing complex and highly customized offshore and specialized vessels have earned it recognition from industry players and enabled it to build strong relationships with its customers.

VARD was listed on the Main Board of the Singapore Exchange on 12 November 2010. Majority shareholder Fincantieri Oil & Gas S.p.A., a wholly owned subsidiary of FINCANTIERI S.p.A., owns 55.63% in the Group. Headquartered in Trieste, Italy, FINCANTIERI is one of the world's largest shipbuilding groups and has, over its 200 years of maritime history, built more than 7,000 vessels.

www.vard.com

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