Viking Supply Ships

Earnings Release • Jul 10, 2015

Press release

10th July 2015

Viking Supply Ships AS has extended the contract with Eni Norge for the Ice-classed AHTS "Njord Viking".

The vessel is now firm with Eni Norge till 31st December 2016. Further, the charterer has the option to extend the charter period with 2 x 6 months. The initial firm period lasted till 29th July 2015.

Njord Viking is supporting the Goliat project in the Norwegian Barents Sea, where production is scheduled to commence later this year. Viking Supply Ships has had a good relationship with Eni Norge over several years and the company is pleased to extend the contract with what we consider to be a key client.

In exchange for a longer firm period than originally agreed, the rate has been reduced. The total value of the extended firm period of the contract is about NOK 150 million. The contract reflects the area of operation and the significant harsh environment competence obtained by Viking Supply Ships over several years, as well as the high specifications of the vessel.

For further information please contact:

Christian W. Berg, CEO, ph. +45 41 77 83 80, e-mail christian.berg@vikingsupply.com

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

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 July 10th, 2015 at 14:00 pm.

Swedish head office: Danish head office: Norwegian office: Russian office: Canadian office Viking Supply Ships AB Box 11397 – Lilla Bommen 4a 40428 Gothenburg Sweden

Tel.: +46 (0)31 - 763 2300 Reg no: 556161-0113

Viking Supply Ships A/S Islands Brygge 57 2300 Copenhagen Denmark

Tel.: +45 72 31 20 13 Reg no: 33369794

Viking Supply Ships AS PB 204, Kirkegaten 1 4662 Kristiansand Norway

Tel.: +47 38 12 41 70 Reg no: 981240030 Tel.: +7 495 6916811 Reg no: 110774-6094

Viking Supply Ships Ltd Khlebniy Perulok 19A 121069 Moscow Russia

Viking Supply Ships 139 Water Street St. John's, NL A1C 5J9 Canada

Tel.: +1 709 631 9984 Reg.no: CAN 71705