Awilco LNG — Earnings Release 2017

May 5, 2017

ALNG - Q1 2017 report

ALNG - Q1 2017 report

Highlights first quarter

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

of MUSD 2.5 (MUSD 9.1 in Q4 2016) and EBITDA of MUSD -2.0 (MUSD 6.1

in Q4 2016).

- Vessel utilisation of 41 % compared to 83 % in Q4 2016.

Oslo, 5th May 2017

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.