Awilco LNG

Earnings Release • Feb 15, 2017

ALNG - Q4 2016 report

ALNG - Q4 2016 report

Highlights fourth quarter

- Awilco LNG ASA (Awilco LNG or the Company) reported

freight income of MUSD 9.1 (MUSD 8.4 in Q3 2016) and EBITDA

of MUSD 6.1 (MUSD 4.6 in Q3 2016).

- Vessel utilisation of 83 % compared to 80 % in Q3 2016

(trading vessels).

Highlights for the year 2016

- Full year freight income of MUSD 34.8 (MUSD 37.4 in 2015).

- Full year EBITDA of MUSD 19.8 (MUSD 15.8 in 2015).

- One-off impairment loss of MUSD 6.6 (MUSD 11.5 in 2015).

- Net loss before tax of MUSD 22.8 (MUSD 36.3 in 2015).

- Vessel utilisation of 79 % compared to 61 % in 2015

(trading vessels).

Oslo, 15th February 2017

For further information please contact:

CFO Snorre Schie Krogstad

Phone: +47 9085 8393

About Awilco LNG ASA

Awilco LNG is a Norwegian based LNG transportation provider,

owning and operating LNG vessels intended for international

trade. The Company owns two 2013 built 156,000 cbm TFDE

membrane LNG vessels, WilForce and WilPride. Awilco LNG has

an industrial approach and a long-term commitment to the

sector.