ABL Group — Regulatory Filings 2014

Sep 17, 2014

Aqualis ASA : Aqualis Offshore signs contract with Saudi Aramco

Aqualis ASA : Aqualis Offshore signs contract with Saudi Aramco

17. September 2014 - Aqualis Offshore, part of Aqualis ASA, has signed a rig

moving services contract with Saudi Aramco, the world's largest energy company.

The contract value is undisclosed.

Under the deal, offshore marine and engineering consultancy Aqualis Offshore

will provide offshore rig moving services over the next three years for Saudi

Aramco's jack-up rigs operating in the Arabian Gulf.

"We may be a young company, but our team consist solely of highly experienced

personnel with 10-30 years' offshore experience. This experience has secured

this prestigious and strategically important contract," says David Wells, CEO of

Oslo-listed Aqualis ASA.

Aqualis Offshore will support Saudi Aramco with rig moving services and

personnel from Aqualis Offshore's offices in the Middle East region.

Since starting operations in 2013, Aqualis Offshore has already set up

operations in ten countries worldwide. The company has offices in London, UK

(HQ); Sandefjord, Kristiansund and Oslo, Norway; Houston, USA; Rio de Janeiro,

Brazil; Mexico City, Mexico; Singapore; Shanghai, China; Abu Dhabi and Dubai,

UAE; Bahrain; and Dammam, Saudi Arabia.

Aqualis Offshore is a specialized marine and offshore engineering consultancy

focusing on the shallow and deep-water segments of the offshore oil, gas and

wind industries.

Aqualis Offshore's contract party is Aqualis Offshore Marine Services LLC.

ENDS

For further information, please contact:

Investors

Christian Opsahl

CFO

Tel: +47 901 101 53

Email: christian.opsahl@aqualis.no

Media

Endre Johansen

Corporate Communications AS

Tel: +47 41 61 06 05

Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: AQUA) is a public company that, through its subsidiaries,

offers marine and engineering consultancy services to the offshore oil, gas and

renewable sectors globally. The group employs approximately 150 highly

experienced consultants across 13 offices in 10 countries worldwide. Aqualis ASA

operates under three different brands: Aqualis Offshore, Tristein and Offshore

Wind Consultants. Aqualis Offshore is a specialized offshore marine and

engineering consultancy firm, focusing on the shallow and deep-water offshore

segments of the oil and gas industry. Tristein is a provider of marine

operations for the offshore oil, gas and wind industries. Offshore Wind

Consultants is a globally focused consultancy providing independent services to

the offshore renewables industry.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1856273]