Awilco LNG — Earnings Release 2019

Feb 28, 2020

ALNG – Q4 2019 report

ALNG – Q4 2019 report

The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today reports unaudited results for the three months ended 31 December 2019.

Highlights for Q4 2019 (Q3 2019):

- Net freight income MUSD 16.3 (MUSD 6.3)

- EBITDA MUSD 13.0 (MUSD 7.4)

- Net profit/(loss) MUSD 4.7 (MUSD (1.1))

Highlights for the year 2019 (2018):

- Net freight income MUSD 33.7 (MUSD 34.8)

- EBITDA MUSD 25.2 (MUSD 22.4)

- Net profit/(loss) MUSD (8.3) (MUSD(11.4))

- Vessel utilisation 72 % (80 %)

Oslo, 28 February 2020

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 currently owns two 2013 built 156,000 cbm TFDE membrane LNG vessels, WilForce and WilPride.