ABL Group — Report Publication Announcement 2020

Apr 27, 2020

Board approves 2019 annual financial statements

Board approves 2019 annual financial statements

Oslo, Norway - April 27, 2020:

The Board of Directors of AqualisBraemar ASA has approved the consolidated financial statements, the parent company's financial statements and the Board of Directors' report for 2019. There are no material changes compared with the Q4 2019 report released on February 27, 2020.

The Board of Directors will propose to the Annual General Meeting, to be held on June 10, 2020, that a dividend of NOK 0.20 per share will be distributed.

An electronic version of the 2019 annual report will be made available.

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