Awilco LNG

Earnings Release • Aug 31, 2016

ALNG - Q2 2016 report

ALNG - Q2 2016 report

Highlights second quarter

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

freight income of MUSD 8.3 (MUSD 8.9 in Q1 2016) and EBITDA

of MUSD 4.2 (MUSD 4.9 in Q1 2016).

- The 1983 and 1984 built 125,000 cbm 2nd generation LNG

carriers WilEnergy and WilGas agreed sold for a combined

gross sales price of MUSD 31.6.

- Vessel utilisation of 76 % compared to 78 % in Q1 2016

(trading vessels).

Oslo, 31st August 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.