Awilco LNG — Interim / Quarterly Report 2020

Feb 19, 2021

ALNG - Q4 2020 Report

ALNG - Q4 2020 Report

The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today reports unaudited results for the three months ended 31 December 2020.

Highlights for Q4 2020 (Q3 2020):

- Net freight income MUSD 11.2 (MUSD 2.4)

- EBITDA MUSD 7.3 (MUSD (0.5))

- Net profit/(loss) MUSD 1.2 (MUSD (6.5))

Highlights for the year 2020 (2019):

- Net freight income MUSD 30.7 (MUSD 33.7)

- EBITDA MUSD 18.1 (MUSD 25.2)

- Net profit/(loss) MUSD (7.9) (MUSD (8.3))

- Vessel utilisation 100% (72%)

Enclosed is also a Q4 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 Q4 2020.

Note on Alternative performance measures: Alternative performance measures are defined and explained in the APM section of the Quarterly report on page 12.

Oslo, 19 February 2021

For further information please contact:

CEO Jon Skule Storheill

Phone: +47 913 44 356

Email: jss@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.