ABL Group — Capital/Financing Update 2014

Aug 12, 2014

Aqualis Offshore Holding ASA : Prospectus approved

Aqualis Offshore Holding ASA : Prospectus approved

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR

INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES

Oslo, 12 August 2014

The Financial Supervisory Authority of Norway has today approved the prospectus

dated 12 August 2014 prepared in connection with the listing of 43,190,544

shares in Aqualis Offshore Holding ASA ("New Aqualis" or the "Company") on Oslo

Børs.

The prospectus will, subject to regulatory restrictions in certain

jurisdictions, be available at www.aqualis.no and www.carnegie.no, and will also

be available free of charge at the business offices of the Company and Carnegie.

Following the publication of the prospectus, all conditions for listing have

been satisfied, and the first day of listing of New Aqualis on Oslo Børs will be

13 August 2014. Trading in the shares will commence on the date of listing under

the ticker symbol "AQUA".

Contacts:

Christian Opsahl

CFO

+47 901 101 53

christian.opsahl@aqualis.no

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

Important information:

The release is not for publication or distribution, in whole or in part directly

or indirectly, in or into Australia, Canada, Japan or the United States

(including its territories and possessions, any state of the United States and

the District of Columbia).

This release is an announcement issued pursuant to legal information

obligations, and is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act. It is issued for information

purposes only, and does not constitute or form part of any offer or solicitation

to purchase or subscribe for securities, in the United States or in any other

jurisdiction. The securities mentioned herein have not been, and will not be,

registered under the United States Securities Act of 1933, as amended (the

"Securities Act"). The securities may not be offered or sold in the United

States except pursuant to an exemption from the registration requirements of the

Securities Act. The Company does not intend to register any portion of the

offering of the securities in the United States or to conduct a public offering

of the securities in the United States. Copies of this announcement are not

being made and may not be distributed or sent into Australia, Canada, Japan or

the United States. The subscription or purchase of shares in the Company is

subject to specific legal or regulatory restrictions in certain jurisdictions.

Neither the Company nor the Managers assumes any responsibility in the event

there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by

law. Persons into whose possession this release comes should inform themselves

about and observe any such restrictions. Any failure to comply with these

restrictions may constitute a violation of the securities laws of any such

jurisdiction. The Managers are acting for the Company and no one else in

connection with the Private Placement and will not be responsible to anyone

other than the Company for providing the protections afforded to their

respective clients or for providing advice in relation to any other matter

referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this release may

contain certain forward-looking statements. By their nature, forward-looking

statements involve risk and uncertainty because they reflect the Company's

current expectations and assumptions as to future events and circumstances that

may not prove accurate. A number of material factors could cause actual results

and developments to differ materially from those expressed or implied by these

forward-looking statements.

***

[HUG#1848241]