Awilco LNG — Earnings Release 2016

May 13, 2016

ALNG - Q1 2016 report

ALNG - Q1 2016 report

Highlights first quarter

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

freight income of MUSD 8.9 (MUSD 9.6 in Q4 2015) and EBITDA

of MUSD 4.9 (MUSD 5.8 in Q4 2015).

- Vessel utilisation of 78 % compared to 81 % in Q4 2015

(trading vessels).

Oslo, 13th May 2016

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 TFDE membrane LNG vessels; WilForce and WilPride, and

two 125,000 cbm steam Moss type LNG vessels; WilGas 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.