Awilco LNG

Earnings Release • Feb 13, 2015

ALNG - Q4 2014 report

ALNG - Q4 2014 report

Highlights fourth quarter

- Awilco LNG ASA (Awilco LNG or the Company) reported

freight income of MUSD 17.7 (MUSD 20.8 in Q3 2014) and

EBITDA of MUSD 8.5 (MUSD 10.9 in Q3 2014).

- WilGas redelivered from 3 year charter with Petrobras in

mid-October, and subsequently fixed for two short charters

which employed her until mid-February 2015.

- Vessel utilisation of 78 % compared to 86 % in Q3 2014

(trading vessels).

Highlights for the year 2014

- Full year freight income of MUSD 78.5 (MUSD 54.7 in

2013).

- Full year EBITDA of MUSD 41.0 (MUSD 16.6 in 2013).

- Net loss before tax of MUSD 2.6 (profit of MUSD 1.1 in

2013).

- Vessel utilisation of 86 % compared to 73 % in 2013

(trading vessels).

Oslo, 13th February 2015

For further information please contact:

CFO Snorre Schie Krogstad

Phone: +47 9085 8393

About Awilco LNG ASA

Awilco LNG is a Norwegian based pure play LNG

transportation provider, owning and operating LNG vessels

intended for international trade. The Company currently

owns two 156,000 cbm TFDE membrane

LNG vessels; WilForce and WilPride, and three 125,000 cbm

steam Moss type LNG vessels; WilGas, WilPower and

WilEnergy. We have an industrial approach and a long-term

commitment to the sector.

The Company is listed on Oslo Axess with the ticker code

ALNG.