Viking Supply Ships

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

Press release

Due to the market conditions, the contract for the Ice-class 1A AHTS "Brage

Viking" has been terminated.

According to the contract, the vessel will remain on-hire to mid-August 2016.

The termination represents a loss of income during the remaining firm period of

the contract of MUSD 33 in 2016 and 2017.

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 RoRo and container feeder

services mainly between the Baltic Sea and the Continent. The company has in

total about 800 employees and the turnover in 2014 was MSEK 3,190. 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 AB is obliged to make this information public according to

the Financial Markets Act and/or the Financial Instruments Trading Act (Sw:

lagen om värdepappersmarknaden and lagen om handel med finansiella instrument).

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 December 17th, 2015

at 10:30 am.

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