Awilco LNG — Earnings Release 2017

Feb 13, 2018

ALNG - Q4 2017 report

ALNG - Q4 2017 report

Highlights fourth quarter

- Awilco LNG ASA (Awilco LNG or the Company) reported net freight income of MUSD 7.3 (MUSD 4.4 in Q3 2017) and EBITDA of MUSD 4.2 (MUSD 1.2 in Q3 2017)

- Vessel utilisation of 83 % compared to 88 % in Q3 2017

Highlights for the year 2017

- Full year net freight income of MUSD 13.6 (MUSD 32 in 2016)

- Full year EBITDA of MUSD 1.7 (MUSD 19.8 in 2016)

- Net loss before tax of MUSD 31.8 (MUSD 22.8 in 2016)

- Vessel utilisation of 74 % compared to 79 % in 2016

- Comprehensive refinancing completed; raised MUSD 26.8 in equity and renegotiated financial leases, introducing flexibility, extending maturity and deferring bareboat payments

Oslo, 13 February 2018

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.