Awilco LNG — Earnings Release 2020

Aug 28, 2020

ALNG - Q2 2020 report

ALNG - Q2 2020 report

The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today reports unaudited results for the three months and first half year ended 30 June 2020.

Highlights for Q2 2020 (Q1 2020):

- Net freight income MUSD 4.1 (MUSD 12.9)

- EBITDA MUSD 1.4 (MUSD 9.9)

- Net profit/(loss) MUSD (5.3) (MUSD 2.7)

The Group delivered Time Charter Equivalent (“TCE”) earnings of USD 22,800 pd per vessel in Q2 2020 (USD 70,800 pd per vessel in Q1 2020).

Enclosed is also a Q2 2020 presentation. Due to the ongoing Covid-19 pandemic and guidelines from the Norwegian government concerning social distancing no physical presentation will be held covering Q2 2020.

Oslo, 28 August 2020

For further information please contact:

CEO Jon Skule Storheill

Phone: +47 913 44 356

Email: jss@awilcolng.no

CFO Øyvind Ryssdal

Phone: +47 920 14 029

Email: or@awilcolng.no

About Awilco LNG ASA

Awilco LNG is a Norwegian based LNG transportation provider, owning and operating LNG vessels intended for international trade. The Company currently owns two 2013 built 156,000 cbm TFDE membrane LNG vessels, WilForce and WilPride.