Awilco LNG — M&A Activity 2016

Jun 1, 2016

ALNG - Sale of WilGas and WilEnergy

ALNG - Sale of WilGas and WilEnergy

ALNG Pressrelease no 1:

Awilco LNG ASA (Awilco LNG or the Company) has on 30 May

2016 entered into a binding agreement to sell the 1984 and

1983 built 125,000 cbm LNG carriers WilGas and WilEnergy

(the Vessels). The Vessels are in cold lay-up. The agreement

requires that the identity of the buyer is not disclosed.

The delivery of the Vessels is according to the agreement

expected to take place between 15 August and 15 September

2016. A 10 % deposit is according to the contract shortly to

be paid by the buyer. Awilco LNG will revert with more

information in due course.

For further information please contact:

Jon Skule Storheill:

Chief Executive Officer

Telephone: (47) 22 01 42 09

Mobil: (47) 91 34 43 56

Snorre Krogstad

Chief Financial Officer

Telephone: (47) 22 01 42 49

Mobil: (47) 90 85 83 93

Place: Oslo, Norway

Date: 1 June 2016