Eidesvik Offshore — Capital/Financing Update 2018

Jan 9, 2018

Nøkkelinformasjon ved betinget etterfølgende emisjon for Eidesvik Offshore ASA

Nøkkelinformasjon ved betinget etterfølgende emisjon for Eidesvik Offshore ASA

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Nøkkelinformasjon ved betinget etterfølgende emisjon for Eidesvik Offshore ASA

Dato for når vilkårene for emisjonen ble annonsert: 8. januar 2018

Siste dag inklusive: 8. januar 2018

Ex-dato: 9. januar 2018

Record Date (eierregisterdato): 10. januar 2018

Vedtaksdato: 29. januar 2018

Maksimum antall nye aksjer: 6 000 000

Tegningskurs: NOK 5 per aksje

Øvrig informasjon (valgfritt):

Det informeres om at gjennomføringen av Eidesvik Offshore ASAs ("Selskapet") betingede rettede emisjon er betinget av nødvendige vedtak på Selskapets ekstraordinære generalforsamling planlagt avholdt 29. januar 2018, samt at visse gjennomføringsforbehold knyttet til Selskapets pågående refinansiering oppfylles eller frafalles innen 31. januar 2018. Videre er den etterfølgende emisjonen betinget av at Selskapets rettede emisjon gjennomføres. Det vises til nærmere informasjon i Selskapets børsmeldinger av 5. januar 2018 og 8. januar 2018.

Dersom vilkårene for å gjennomføre den rettede emisjonen eller den etterfølgende emisjonen ikke oppfylles, vil den etterfølgende emisjonen kanselleres.

For ytterligere informasjon, vennligst kontakt:

Styreleder Kolbein Rege (+47 99 25 74 52)

CFO Thor Krukhaug (+47 952 05 960)

Important Notice

The contents of this announcement have been prepared by, and are the sole responsibility of, the Company. The Company's financial advisor is acting exclusively for the Company and no one else, and will not be responsible to anyone other than the Company for providing the protections afforded to its respective clients, or for advice in relation to the Private Placement, the contents of this announcement or any of the matters referred to herein. The Private Placement and the distribution of this announcement and other information in connection with the Private Placement may be restricted by law in certain jurisdictions. The Company assumes no responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about, and to observe, any such restrictions. This announcement may not be used for, or in connection with, and does not constitute, any offer of securities for sale in the United States or in any other jurisdiction.

The Private Placement has not been made in any jurisdiction or in any circumstances in which such offer or solicitation would be unlawful. This announcement is not for distribution, directly or indirectly in or into any jurisdiction in which it is unlawful to make any such offer or solicitation to such person or where prior registration or approval is required for that purpose. No steps have been taken or will be taken relating to the Private Placement in any jurisdiction in which such steps would be required. Neither the publication and/or delivery of this announcement shall under any circumstances imply that there has been no change in the affairs of the Company or that the information contained herein is correct as of any date subsequent to the earlier of the date hereof and any earlier specified date with respect to such information.

This announcement is not for publication or distribution, directly or indirectly, in the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The shares to be issued in the Private Placement have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to, or for the account of, U.S. persons (as such term is defined in Regulation S under the US Securities Act), except pursuant to an effective registration statement under, or an exemption from the registration requirements of, the US Securities Act. All offers and sales outside the United States will be made in reliance on Regulation S under the US Securities Act. There will be no public offer of securities in the United States.

This announcement does not constitute an offering circular or prospectus in connection with an offering of securities of the Company. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the investor material made available by the Company only to qualified persons in certain jurisdictions where an offer may be made (if an offer is made). This announcement does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for, any securities and cannot be relied on for any investment contract or decision.

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