Awilco LNG — Earnings Release 2018

May 24, 2018

ALNG - Q1 2018 report

ALNG - Q1 2018 report

The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today reports unaudited results for the three months ended 31 March 2018.

Highlights for Q1 2018 (Q4 2017):

- Net freight income of MUSD 12.5 (MUSD 7.3)

- EBITDA of MUSD 9.5 (MUSD 4.2)

- Net profit/(loss) of MUSD 1.0 (MUSD -4.5)

- Vessel utilisation of 97 % (83 %)

Oslo, 24 May 2018

For further information please contact:

CFO Øyvind Ryssdal

Phone: +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.