Awilco LNG

Earnings Release • Feb 12, 2016

ALNG - Q4 2015 report

ALNG - Q4 2015 report

Highlights fourth quarter

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

freight income of MUSD 9.6 (MUSD 8.3 in Q3 2015) and EBITDA

of MUSD 5.8 (MUSD 2.8 in Q3 2015).

- Vessel utilisation of 81 % compared to 68 % in Q3 2015

(trading vessels).

Highlights for the year 2015

- Full year freight income of MUSD 37.4 (MUSD 78.5 in 2014).

- Full year EBITDA of MUSD 15.8 (MUSD 41.0 in 2014).

- One-off impairment loss of MUSD 8.4 (nil in 2014).

- Net loss before tax of MUSD 36.3 (MUSD 2.6 in 2014).

- Vessel utilisation of 61 % compared to 86 % in 2014

(trading vessels).

Oslo, 12th February 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.