Awilco LNG

Share Issue/Capital Change • May 19, 2017

ALNG - Allocation to primary insiders in the Private Placement

ALNG - Allocation to primary insiders in the Private Placement

Awilco LNG ASA: Allocation to primary insiders in the

Private Placement

Reference is made to the stock exchange notice of 18 May

2017 by Awilco LNG (the "Company") regarding the result of

the Private Placement.

The following primary insiders in the Company have today

been allocated shares in connection with the Private

Placement:

Jon Skule Storheill, CEO of the Company, has been allocated

100,000 shares at a subscription price of NOK 3.50 per

share. Upon completion of the Private Placement, Jon Skule

Storheill will own 140,000 shares, representing

approximately 0.11% of the total number of shares

outstanding after the Private Placement.

Fiducia AS, a company owned by board member Jon-Aksel

Torgersen, has been allocated 285,714 shares at a

subscription price of NOK 3.50 per share. Upon completion of

the Private Placement, Fiducia AS will own 427,564 shares,

representing approximately 0.33% of the total number of

shares outstanding after the Private Placement.

The following shareholders represented at the Board of

Directors of Awilco LNG have been allocated shares in the

Private Placement:

Awilco AS has been allocated 27,000,000 shares at a

subscription price of NOK 3.50 per share. Upon completion of

the Private Placement, Awilco AS will own 51,114,080 shares,

representing approximately 39.57% of the total number of

shares outstanding after the Private Placement.

Astrup Fearnley AS has been allocated 4,132,220 shares at a

subscription price of NOK 3.50 per share. Upon completion of

the Private Placement, Astrup Fearnley AS will own 8,692,270

shares, representing approximately 6.73% of the total number

of shares outstanding after the Private Placement.

The above calculations are made based on a total of

129,188,874 outstanding shares in Awilco LNG upon completion

of the Private Placement.