Awilco LNG

M&A Activity • Aug 18, 2016

ALNG - Sale of WilGas and WilEnergy

ALNG - Sale of WilGas and WilEnergy

PRESS RELEASE: NO. 3/2016

Awilco LNG ASA - Sale of WilGas and WilEnergy

Reference is made to press release no. 2 dated 18 August

2016. For clarification purposes, the gross sales price for

the two vessels WilEnergy and WilGas was USD 31.6 million.

The sale will contribute with a net positive cash effect of

MUSD 32.2 including bunkers and lubes settlement for Awilco

LNG.

For further information please contact:

Jon Skule Storheill:

Chief Executive Officer

Telephone: (47) 22 01 42 09

Mobil: (47) 91 34 43 56

Snorre Krogstad

Chief Financial Officer

Telephone: (47) 22 01 42 49

Mobil: (47) 90 85 83 93

Place: Oslo, Norway

Date: 18 August 2016