Awilco LNG

Share Issue/Capital Change • Jun 18, 2017

ALNG - Change in share capital

ALNG - Change in share capital

Reference is made to previous stock exchange releases by

Awilco LNG ASA (the "Company") regarding the private

placement of 61,400,000 new shares (the "Private Placement")

and the share capital reduction to reduce the nominal value

per share.

The share capital reduction and the share capital increase

pertaining to the Private Placement have now been registered

with the Norwegian Register of Business Enterprises.

The Company's new registered share capital is NOK

322,972,185 divided into 129,188,874 shares, each with a

nominal value of NOK 2.50.

The new shares issued in the Private Placement will be

delivered to the respective investors on 19 June 2017. The

Private Placement shares will not be listed or tradable on

the Oslo Axess until a listing prospectus for the Private

Placement has been approved by the Norwegian Financial

Supervisory Authority. Pending such listing, the Private

Placement shares will be registered in the Norwegian Central

Securities Depository (VPS) on a separate ISIN NO0010798085.

The Private Placement shares will be registered with the

Company's ordinary ISIN NO0010607971 and thereafter commence

to trade on the Oslo Axess under the Company's ordinary

trading symbol "ALNG" upon approval of the listing

prospectus. The Company will issue a separate stock exchange

release with more details when the listing prospectus has

been approved.

For further information, please contact:

CFO Snorre Krogstad, Phone: +47 908 58 393

Important information:

The release is not for publication or distribution, in whole

or in part directly or indirectly, in or into Australia,

Canada, Japan or the United States (including its

territories and possessions, any state of the United States

and the District of Columbia) or any other jurisdiction in

which the release, publication or distribution would be

unlawful. This release is an announcement issued pursuant to

legal information obligations, and is subject of the

disclosure requirements pursuant to section 5-12 of the

Norwegian Securities Trading Act. It is issued for

information purposes only, and does not constitute or form

part of any offer or solicitation to purchase or subscribe

for securities, in the United States or in any other

jurisdiction. The securities mentioned herein have not been,

and will not be, registered under the United States

Securities Act of 1933, as amended (the "US Securities

Act"). The securities may not be offered or sold in the

United States except pursuant to an exemption from the

registration requirements of the US Securities Act. The

Company does not intend to register any portion of the

offering of the securities in the United States or to

conduct a public offering of the securities in the United

States. Copies of this announcement are not being made and

may not be distributed or sent into Australia, Canada, Japan

or the United States. The issue, exercise, purchase or sale

of subscription rights and the subscription or purchase of

shares in the Company are subject to specific legal or

regulatory restrictions in certain jurisdictions. Neither

the Company nor the Manager assumes any responsibility in

the event there is a violation by any person of such

restrictions.

The distribution of this release may in certain

jurisdictions be restricted by law. Persons into whose

possession this release comes should inform themselves about

and observe any such restrictions. Any failure to comply

with these restrictions may constitute a violation of the

securities laws of any such jurisdiction. The Manager are

acting for the Company and no one else in connection with

the Private Placement and will not be responsible to anyone

other than the Company for providing the protections

afforded to their respective clients or for providing advice

in relation to the Private Placement and/or any other matter

referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection

with this release may contain certain forward-looking

statements. By their nature, forward-looking statements

involve risk and uncertainty because they reflect the

Company's current expectations and assumptions as to future

events and circumstances that may not prove accurate. A

number of material factors could cause actual results and

developments to differ materially from those expressed or

implied by these forward-looking statements.