Viking Supply Ships

Viking Supply Ships AS has received termination of contract for the AHTS "Njord Viking"

Press release

Viking Supply Ships A/S (VSS) has received an early termination notice of the

contract for the Ice-class 1A AHTS "Njord Viking". The vessel has been working

for Eni Norge in the Barents Sea and has also been part of the extended towing

-preparedness in the area on behalf of the Norwegian Coastal Administration.

The vessel was according to the contract with Eni Norge firm until the end of

2016, with optional periods of 2 x 6 months thereafter. According to the

contract VSS will be entitled to a termination fee of approximately USD

13.300/day for the remainder of the firm period. The termination represents a

loss of income during the remaining firm period of the contract of MUSD 3.3 in

2016. VSS will further off-set this loss by marketing the vessel in the North

Sea spot market, while also searching for alternative contracts for the vessel.

For further information please contact:

Christian W. Berg, CEO, ph. +45 41 77 83 80, e-mail

Morten G. Aggvin, IR & Treasury Director, ph. +47 41 04 71 25, e-mail

Viking Supply Ships AB (publ) is a Swedish company with headquarter in

Gothenburg, Sweden. Viking Supply Ships A/S is a subsidiary of Viking Supply

Ships AB (publ). In addition Viking Supply Ships AB (publ) has the subsidiary

TransAtlantic AB. The operations are focused on offshore and icebreaking

primarily in Arctic and subarctic areas as well as on Shipping services mainly

between the Baltic Sea and the Continent. The company has in total about 500

employees and the turnover in 2015 was MSEK 1,977. The company's B-shares are

listed on the NASDAQ Stockholm, Small Cap segment. For further information,

please visit: 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 CET on 25 July 2016.

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