ABL Group — Regulatory Filings 2020

Mar 5, 2020

AqualisBraemar awarded major contract for offshore wind engineering services

AqualisBraemar awarded major contract for offshore wind engineering services

5 March 2020 – Offshore Wind Consultants Ltd (“OWC”), a wholly owned subsidiary of AqualisBraemar ASA (“AqualisBraemar” or the “Company”), has entered into a contract to provide engineering services for an offshore wind development project on the UKCS with an undisclosed client.

The contract is for a term of approximately three years, and the scope of work includes Owners Engineering and Project Development Support. The revenue under the awarded contract over the full term is expected to exceed USD 6 million.

For further information, please contact:

Investors and financial media;

Kim Boman, CFO, AqualisBraemar ASA

Telephone: +47 959 63 912

Other media enquiries:

Endre Johansen, Corporate Communications AS

Telephone: +47 41 61 06 05,

Email: endre.johansen@corpcom.no.

About AqualisBraemar ASA

AqualisBraemar ASA (OSE: Aqua) is a public listed company that, through its subsidiaries and associates, offers adjusting, marine, offshore and renewables consultancy services to the energy, shipping and insurance industries. The group employs specialist engineers, naval architects, master mariners, loss adjusters and technical consultants in 48 offices located across 5 continents in 31 countries. AqualisBraemar ASA operates under three distinct brands globally:

• AqualisBraemar: a leading adjusting, marine and offshore consultancy to the energy, shipping and insurance industries

• AqualisBraemar Yacht Services: a specialised marine consultant to the superyacht market

• Offshore Wind Consultants: an independent consultancy to the offshore renewables sector

This press release may include “forward-looking statements”. These statements may be identified by the use of words like “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “project”, “will”, “should”, “seek” and similar expressions and may refer to, amongst other topics, capital expenditure, cash flows, costs, growth, performance, profits, sales, acquisitions, and strategy. Any such statements reflect our views as of the date made and are subject to risks and uncertainties. We disclaim any responsibility to update forward-looking statements.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.