Awilco LNG — Earnings Release 2013

Feb 26, 2014

ALNG - 4Q 2013 REPORT

ALNG - 4Q 2013 REPORT

Highlights fourth quarter

- Awilco LNG ASA (Awilco LNG or the Company)

reported freight income of MUSD 21.3 (MUSD 9.2 in Q3

2013) and an EBITDA of MUSD 8.0 (MUSD 0.4 in Q3

2013).

- WilPride was delivered from DSME on 28

November and financed through a sale-leaseback

charter with Teekay LNG Partners L.P. Group (Teekay)

for a period of 4 years plus one year option in

Awilco LNG's favour.

- WilPride fixed for maiden voyage.

- WilForce fixed to an oil and gas major on a

three year contract plus one year option in

charterer's favour. The vessel was delivered on 24

January 2014.

- WilEnergy fixed on a 9 month contract with a

3 month option in charterer's favour. The contract

commenced on 10 November.

- Vessel utilisation of 86 % (trading vessels),

compared to 58 % in Q3 2013.

Highlights for the year 2013

- Full year freight income of MUSD 54.7 (MUSD

56.6 in 2012).

- Full year EBITDA of MUSD 16.6 (MUSD 29.3 in

2012).

- Net profit before tax of MUSD 1.1 (MUSD 19.9

in 2012).

- Vessel utilisation of 67 % compared to 72 %

in 2012 (trading vessels).

Oslo, 26th February 2014

For further information please contact:

CFO Snorre Schie Krogstad

Phone: +47 9085 8393

About Awilco LNG ASA

Awilco LNG is a Norwegian based pure play LNG

transportation provider, owning and operating LNG

vessels intended for international trade. The Company

currently owns two 156,000 cbm DFDE membrane LNG

vessels; WilForce and WilPride, and three 125,000 cbm

steam Moss type LNG vessels; WilGas, WilPower and

WilEnergy. We have an industrial approach and a long-

term commitment to the sector. The Company is listed

on Oslo Axess with the ticker code ALNG.