Bonheur ASA — Capital/Financing Update 2017

Oct 27, 2017

CONTEMPLATING THE ISSUANCE OF SENIOR UNSECURED BONDS AND CONDITIONAL BUY-BACK

CONTEMPLATING THE ISSUANCE OF SENIOR UNSECURED BONDS AND CONDITIONAL BUY-BACK

Bonheur ASA is contemplating the issuance of NOK 500 million in a 3 year NOK

denominated floating rate senior unsecured bond and a conditional buy-back of

BON03 (ISIN: NO0010635824) and BON05 (ISIN: NO0010714520).

Danske Bank, DNB Markets and Swedbank have been retained as joint lead managers

of the potential bond issue.

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