Awilco LNG

Earnings Release • May 28, 2014

ALNG - 1Q 2014 REPORT

ALNG - 1Q 2014 REPORT

Highlights first quarter

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

freight income of MUSD 20.2 (MUSD 21.3 in Q4 2013)

and an EBITDA of MUSD 10.7 (MUSD 8.0 in Q4 2013).

- WilForce commenced a three plus one year contract

on 24 January 2014.

- WilPride successfully completed maiden voyage.

-Vessel utilisation of 95 % (trading vessels),

compared to 90 % in Q4 2013.

Subsequent events

- WilEnergy charter extended for up to two months

until end September with current charterer.

Oslo, 28th May 2014

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 DFDE 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.