Awilco LNG — Earnings Release 2017

Aug 31, 2017

ALNG - Q2 2017 report

ALNG - Q2 2017 report

Highlights second quarter

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

freight income of MUSD 2.6 (MUSD 2.5 in Q1 2017) and EBITDA

of MUSD -1.8 (MUSD -2.0 in Q1 2017)

- Vessel utilisation of 83 % compared to 41 % in Q1 2017

- Renegotiated financial lease with Teekay LNG Partners L.P.

(Teekay LNG), introducing flexibility, extending maturity

and deferring bareboat payments, with effect from July 2017

- Private placement MUSD 25.4 completed

- Repair offering launched

Oslo, 31st August 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.