Eidesvik Offshore — Capital/Financing Update 2019

Dec 23, 2019

EIOF – 1 year contract extension for Viking Princess

EIOF – 1 year contract extension for Viking Princess

Eidesvik Offshore ASA ("Eidesvik") has been awarded a one year contract extension with Ithaca Oil and Gas Limited for Viking Princess. Commencement will be in direct continuation of the current contract expiring early January 2020.

In a statement, Jan Fredrik Meling, CEO of Eidesvik said, "We are very pleased that our client extends our working relationship and consider it a quality mark for our operation & services delivered".

Bømlo, December 23, 2019.

Contacts:

Jan Fredrik Meling, CEO, phone no: +47 91 67 51 19

Tore Byberg, CFO, phone no: +47 47 50 90 12

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.