Awilco LNG

Earnings Release • Feb 28, 2019

ALNG - Q4 2018 report

ALNG - Q4 2018 report

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

Highlights for Q4 2018 (Q3 2018):

- Net freight income of MUSD 10.4 (MUSD 7.4)

- EBITDA of MUSD 7.1 (MUSD 3.8)

- Net profit/(loss) of MUSD (1.2) (MUSD 4.8)

- Vessel utilisation of 84 % (70 %)

Highlights for the year 2018 (2017):

- Net freight income of MUSD 34.8 (MUSD 13.6)

- EBITDA of MUSD 22.4 (MUSD 1.7)

- Net profit/(loss)of MUSD (11.4) (MUSD 31.8)

- Vessel utilisation of 80 % (74 %)

Oslo, 28 February 2019

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.