Bonheur ASA — Capital/Financing Update 2017

Oct 27, 2017

SUCCESSFUL PLACEMENT OF SENIOR UNSECURED BONDS AND BUY-BACK

SUCCESSFUL PLACEMENT OF SENIOR UNSECURED BONDS AND BUY-BACK

Bonheur ASA has successfully completed a new senior unsecured bond issue of NOK

500 million with maturity in November 2020. The bond issue was oversubscribed.

In conjunction with the bond issue, Bonheur ASA has bought back approx. NOK 62

million of its BON03 bonds maturing 11 February 2019 (ISIN:NO0010635824) at

103.80% of par value and approx. NOK 293.5 million of its BON05 bonds maturing

09 July 2019 (ISIN:NO0010714520) at 101.57% of par value.

Danske Bank, DNB Markets and Swedbank acted as joint lead managers in connection

with the placement of the new bond issue.

An application will be made for the bond issue to be listed on Oslo Børs.

For further information, please contact:

Øyvind B. Kristiansen, Fred. Olsen & Co., +47 22 34 10 09 or

oyvindk@fredolsen.no

or

Øyvind Engesrønning, Fred. Olsen & Co., +47 22 34 10 37 or

oyvind.engesronning@fredolsen.no

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.