ABL Group - Share Issue/Capital Change 2016

Aqualis ASA: Share capital decrease registered

Reference is made to the announcement on 20 May 2016 regarding a resolution

passed at Aqualis' Annual General Meeting to reduce the share capital.

The share capital decrease has been duly registered in the Norwegian Register of

Business Enterprises. Following the share capital increase, Aqualis' registered

share capital is NOK 4 229 323,9 divided into 42 293 239 ordinary shares each

having a par value of NOK 0.10.

For further information, please contact:

Kim Boman, CFO, Aqualis ASA

Telephone: +47 959 63 912

About Aqualis ASA

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

associates, offers energy consultancy services to the global oil and gas, wind

and solar sectors. The group employs experienced consultants in 22 offices in

15 countries worldwide. Aqualis ASA operates under three different brands:

Aqualis Offshore, Offshore Wind Consultants and ADLER Solar. 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. Offshore

Wind Consultants is a globally focused consultancy providing independent

services to the offshore renewables industry. ADLER Solar is a technical and

engineering service provider for the global solar industry. Aqualis owns 49.9

percent of ADLER Solar.

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

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