Viking Supply Ships

VSS01Pro - Information on final settlement

Press release

Reference is made to the stock exchange announcements from Viking Supply Ships

A/S on 12 and 28 December 2016 with respect to the settlement of FRN Viking

Supply Ships A/S Senior Unsecured Open Bond Issue 2012/2017. The settlement will

take place on 12 January 2017, which will also be the last day of listing of the

bonds. Under the settlement, bondholders of record as of 30 December 2016 (the

"Record Date") will receive 36,821,058 new class B-shares in Viking Supply Ships

AB and NOK 34,419,682.96 in cash as payment of the total outstanding principal

amount - NOK 199 341 169, and holders as of the date of the Record Date of the

right to receive interest coupon due on the bonds on 21 June 2016 ("Eligible

Couponholders") (in total NOK 9 232 561,83) will receive 870,650 new class B

-shares and NOK 813,868.94 in cash.

This means that a holder of bonds as of the Record Date with a nominal value of

NOK 1 million as of the Record Date will receive:

. 184,619 class B-shares.

. NOK 172,578 in cash.

It further means that an Eligible Couponholder who had the right to receive

interest coupon due on 21 June 2016 on bonds with a nominal value of NOK 1

million will receive:

. 4,365 class B-shares.

. NOK 4,081 in cash.

For further information please contact:

Ulrik Hegelund, CFO, tel. +45 41 77 83 97, e-mail

Morten G. Aggvin, IR & Treasury Director, tel: +47 41 04 71 25,

Viking Supply Ships AB is the parent company of a Swedish shipping group with

its main office in Gothenburg, Sweden. Viking Supply Ships A/S is a subsidiary

of VSS AB. The Group conducts its business in four segments: Anchor Handling Tug

Supply ships (AHTS), Platform Supply Vessels (PSV), Services and Ship

Management. The business is focused within offshore and ice-breaking primarily

in Arctic and subarctic areas. The Group has approximately 500 employees and its

revenue for 2015 amounted to MSEK 1.114. The Company's series B share is listed

at Nasdaq Stockholm, Small Cap segment. www.vikingsupply.com.

The information was submitted for publication, through the agency of the contact

person set out above, at 08.30 CET on 11 January 2017.

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