Awilco LNG

Earnings Release • Nov 17, 2017

ALNG - Q3 2017 report

ALNG - Q3 2017 report

Highlights third quarter

- Awilco LNG ASA reported freight income of MUSD 5.7(MUSD 2.6 in Q2 2017) and EBITDA

of MUSD 1.2 (MUSD -1.8 in Q2 2017)

- Vessel utilisation of 88 % compared to 83 % in Q2 2017

- Reduced bareboat payments to Teekay LNG Partners L.P. (Teekay LNG) with effect from July 2017

- Repair offering MUSD 1.4 completed in July

Oslo, 17th November 2017

For further information please contact:

CFO Øyvind Ryssdal

Phone: +47 47 920 14 029

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.