Viking Supply Ships

Viking Supply Ships A/S publishes the Annual report for 2015 and announces change in financial calendar

Press release

Total revenue was MNOK 1,069 (MNOK 1,742). Total operating costs were MNOK 789

(MNOK 1,023) and operating profit before depreciation (EBITDA) was MNOK 280

(MNOK 718). Operating profit (EBIT) was MNOK -171 (MNOK 543).

Depreciation was MNOK 184 (MNOK 177) and impairment charges related to the PSV

fleet amounted to MNOK 267 (MNOK 0). The impairment charge in 2015 corresponds

to 30% of the carrying amount of the PSV fleet at 1 January 2015.

Net financials were negative MNOK 165 (negative MNOK 235). Financial costs

include unrealised currency loss of MNOK 68 (loss MNOK 92) and realised value

adjustment loss on interest rate swaps of MNOK 1 (loss MNOK 11).

The result for the year was a loss of MNOK 338 (gain MNOK 292).

As previously communicated, the publication of the Q1 2016 financial report was

postponed due to the extended negotiations with the company's lenders. The Q1

2016 financial report will be published on 10 June 08:30.

For further information please contact:

Ulrik Hegelund, CFO, ph. +45 41 77 83 97, 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 Viking Supply Ships A/S is obliged to make

this information public according to the agreement with the bond holders in

VSS01, listed on Nordic ABM at Oslo Stock Exchange.The information was submitted

for publication on 6 June 2016.

AI Terminal