Viking Supply Ships

Mr. Trond Myklebust appointed as new CEO of Viking Supply Ships AB

Press release

The Board of Directors of Viking Supply Ships AB has appointed Mr. Trond

Myklebust as Chief Executive Officer (CEO). Mr. Myklebust will also act as CEO

in Viking Supply Ships A/S, and will take over the responsibilities as CEO in

both companies ultimo January.

Mr. Myklebust is currently employed as CEO of Fjord Shipping AS. He has

extensive experience from the Offshore industry, most notably from his position

as Managing Director of Bourbon Norway and ship broker and General Manager

within Seabrokers. He has also been Managing Director of Kongsberg Evotec and

has a long career as Chief Officer and Master within the Norwegian Coastguard

and Remøy/Havila.

Mr. Myklebust is a Master Mariner from Aalesund University College.

With effect as of the same date, Mr. Bengt A. Rem will be reinstated as Chairman

of the Board of Viking Supply Ships AB. Mr. Folke Patriksson will return to his

previous position as Deputy Chairman.

For further information please contact:

Bengt A. Rem, Interim CEO, tel. +47 94 01 71 71, e-mail [email protected]

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. 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.

This information is information that Viking Supply Ships AB is obliged to make

public pursuant to the EU Market Abuse Regulation. The information was submitted

for publication, through the agency of the contact person set out above, at

08.30 a.m. CET on 6 December 2016.

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