Awilco LNG — Capital/Financing Update 2019

Jun 5, 2019

ALNG - Contract update

ALNG - Contract update

PRESS RELEASE: NO. 2/2019

Place: Oslo, Norway Date: 5 June 2019

Awilco LNG ASA – Contract update

Awilco LNG ASA is pleased to announce that the 2013-built 156,000 cbm TFDE WilPride has been committed on an 8-month time charter contract to an oil and gas major.

The contract is expected to commence in early July 2019 contingent upon customary vessel inspection and acceptance by the charterer. The contract is estimated to contribute an annualised EBITDA of about MUSD 23 during the charter period.

For further information please contact:

Jon Skule Storheill

Chief Executive Officer

Telephone: (47) 22 01 42 09

Mobil: (47) 91 34 43 56

Øyvind Ryssdal

Chief Financial Officer

Telephone: (47) 22 01 42 81

Mobil: (47) 920 14 029