ABL Group — Regulatory Filings 2014

Aug 13, 2014

Aqualis Offshore Holding ASA : Successful listing on Oslo Børs

Aqualis Offshore Holding ASA : Successful listing on Oslo Børs

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

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

Oslo, 13 August 2014

Aqualis Offshore Holding ASA ("New Aqualis", together with its subsidiaries the

"New Aqualis Group") is pleased to announce its successful listing on Oslo Børs

with the commencement of trading in AQUA shares today.

The New Aqualis Group consists of three business units with largely similar

service offerings and business models; Aqualis Offshore Ltd and its subsidiaries

("Aqualis Offshore Group"), Tristein AS ("Tristein") and Offshore Wind

Consultants Ltd ("OWC"). The services provided by the three business units can

generally be divided into marine & engineering consultancy services.

Targeting the offshore oil & gas industry and the offshore renewables industry,

the New Aqualis Group's strategy is to operate through a growing network of

global offices. The group's multi-disciplinary marine & engineering consultancy

teams are recognized in the industry for their competence and experience, and

works closely with clients to understand their requirements, identify solutions

and to execute their projects and marine operations in a timely, cost effective

and safe manner.  The New Aqualis Group is operating globally from the following

locations; Norway, USA, Mexico, Brazil, UK, Saudi Arabia, UAE, Bahrain,

Singapore and China.

Aqualis Offshore Holding ASA's name change to Aqualis ASA is expected to be

registered in the Norwegian Register of Business Enterprises subsequent to

Aqualis ASA's name change to Weifa ASA, expected on or about 20 August 2014.

The executive management team of the New Aqualis Group consists of the

following:

David Wells, CEO

David Wells is a Master Mariner and has more than 30 years of experience in the

offshore sector with particular focus on offshore operations, MWS and marine

consultancy. He is a specialist on jack-up operations, location approvals and

all aspects of rig moving.

Christian Opsahl, CFO

Mr. Opsahl has been the CFO of Aqualis ASA since November 2013, and has

extensive international finance, investment banking and private equity

experience within the global financial markets, together with industrial

experience from companies servicing the offshore oil & gas markets.

Dr. Bader Diab, Director of Engineering and North America

Dr. Diab is a structural and global performance engineer. He has 25 years

offshore engineering global experience covering both shallow and deep water

sectors with extensive structural design experience of MODUs, mooring systems,

motions, installation engineering and familiarity with shipyards.

Phil Lenox, Director of Asia Pacific

Mr. Lenox is a structural engineer and has over 40 years of onshore/offshore

experience with both contractors and consultancies including conceptual design,

detailed structural analysis and design through to construction and

installation. He specialises in transportation and installation projects

including use of HLVs, topside floatovers and has extensive MWS experience.

Dr. Andrew Theophanatos, Director of South Americas

Dr. Theophanatos is a naval architect with over 30 years of experience in

offshore engineering and project management around the world and latterly in

Brazil. He specialises on offshore engineering projects in both consultancy and

MWS capacities for services related to all recent deepwater field development

projects.

Reuben Segal, Director of Middle East

Mr. Segal has almost 20 years' experience in the offshore and shipping sectors

covering both engineering design and ship surveying. He is a naval architect,

and has extensive recent global business development experience with focus on

design and construction of offshore oil & gas assets, including MODU and MOPU

units from FEED through to yard delivery.

Santosh George, Group QHSE Manager

Mr. George is a specialist QHSE consultant and auditor with extensive risk

analysis experience covering shipyards and offshore assets together with

implementation of Group Management systems and ISO accreditations.

Bjørn Håvard Brænden, Director of Norway

Mr. Brænden has more than 20 years of experience in engineering and offshore

sectors. He has specialized in design and worked as project manager for projects

involving ships, semi submersibles, offshore service vessel, tankers and

conversions to FSU/FPSO including offshore construction and marine installation.

The last ten years, he has been heavily involved in business development and

played a key role in building up several companies.

Torbjørn Rogde, Managing Director of Tristein AS

Mr. Rogde held various positions in the navy until 2001 when starting as

International Product Manager AMOS Academy and later continued as HR manager in

Grieg Logistics from 2002 to 2006. Until taking the position as Managing

Director of Tristein AS, he was running his private company, supporting

development of HSEQ systems and conducting management and leadership training

for seafarers.

Ian Bonnon, Managing Director of Offshore Wind Consultants Ltd

Mr. Bonnon has over 30 years of experience in the offshore wind, oil & gas,

marine & subsea cable industries. He is a specialist in provision of consultancy

services to offshore wind farm developers and investors for full life cycle of

projects.

For more information about the New Aqualis Group, see attached company

presentation and the prospectus dated 12 August 2014.

Carnegie AS acted as sole financial advisor to Aqualis Offshore Holding ASA in

connection with the listing process.

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.

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