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Viking Supply Ships

Legal Proceedings Report Dec 1, 2014

3212_iss_2014-12-01_4c1a9454-ff27-47f3-9547-c0f176df676d.html

Legal Proceedings Report

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Early termination of contract for three AHTS Vessels

Early termination of contract for three AHTS Vessels

As previously communicated, Viking Supply Ships has entered into an agreement

with a major oil company for the charter of three vessels. The contract applies

to the drilling seasons 2014 and 2015, with options for the drilling seasons

2016 and 2017. The drilling season is expected to commence around April / May

each year.

As a result of the 2015 drilling season has been cancelled, Viking Supply Ships

has received an early termination for Brage Viking, Magne Viking and Balder

Viking, which applies for the 2015 drilling season, as well as remaining

optional periods of the contract.

According to the contract, an early termination fee is payable.

The company is currently assessing several alternative contract opportunities

for the vessels in harsh environments as we now have vessels available contrary

to before.

For further information, please contact:

Christian W. Berg, CEO, Viking Supply Ships, ph. +45 41 77 83 80

Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters

in Gothenburg, Sweden and additional offices in Europe. The company is organized

into two business areas: TransAtlantic and Viking Supply Ships. The company has

about 780 employees and the turnover in 2013 was MSEK 2 925. The TransAtlantic

business area consists of three divisions: Container, RoRo and Bulk. The

company's B-shares are listed on the NASDAQ OMX Stockholm, Small Cap segment.

www.rabt.se

Rederi AB TransAtlantic 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).

The information was submitted for publication on 1 December 2014 at 08:00.

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