Awilco LNG

Capital/Financing Update • Aug 2, 2019

ALNG - Refinancing

ALNG - Refinancing

Awilco LNG ASA (the Company) is pleased to announce that a term sheet for the refinancing of the Company’s two 2013-built 156,000 cbm TFDEs WilForce and WilPride (the Vessels) has been agreed and signed with a major leasing company based in Asia.

The refinancing is structured as a sale/leaseback similar to the current financing of the Vessels and enables a full take out of the sale/leaseback facilities maturing 31.12.2019 at favorable terms.

The facility is expected to close in Q4 2019 subject to final credit approval, documentation and customary closing conditions.

For further information please contact:

Jon Skule Storheill

Chief Executive Officer

Telephone: (47) 22 01 42 09

Mobile: (47) 91 34 43 56

Øyvind Ryssdal

Chief Financial Officer

Telephone: (47) 22 01 42 81

Mobile: (47) 920 14 029