Awilco LNG

Earnings Release • Nov 18, 2016

ALNG - Q3 2016 report

ALNG - Q3 2016 report

Highlights third quarter

- Awilco LNG ASA (Awilco LNG or the Company) reported

freight income of MUSD 8.4 (MUSD 8.3 in Q2 2016) and EBITDA

of MUSD 4.6 (MUSD 4.2 in Q2 2016).

- WilEnergy and WilGas were sold and delivered to new owner

on 18 August 2016, contributing with a net positive cash

effect of MUSD 32.2 including settlement of bunkers and

lubes.

- Vessel utilisation of 80 % compared to 76 % in Q2 2016

(trading vessels).

Oslo, 18th November 2016

For further information please contact:

CFO Snorre Schie Krogstad

Phone: +47 9085 8393

About Awilco LNG ASA

Awilco LNG is a Norwegian based LNG transportation provider,

owning and operating LNG vessels intended for international

trade. The Company owns two 2013 built 156,000 cbm TFDE

membrane LNG vessels, WilForce and WilPride. Awilco LNG has

an industrial approach and a long-term commitment to the

sector.