Eidesvik Offshore - Earnings Release 2014

STABLE PROFIT FROM EIDESVIK

Operating income for Q2 2014 was MNOK 245,7 compared

to MNOK 242,9 for the same period last year.

Operating profit before depreciation (EBITDA) was

MNOK 124,0 compared to MNOK 124,6 in the quarter last

year. Comprehensive income for the quarter was

MNOK5,8 compared to MNOK 39,7 for the corresponding

period last year.

Operating income year to date was MNOK 466,2 compared

to MNOK 456,1 for the first half of 2013. Operating

profit before depreciation (EBITDA) for first half of

2014 was MNOK 212,6 compared to MNOK 226,2 last year.

Comprehensive income for first half of 2014 was MNOK

33,8 compared to MNOK 18,2 last year.

"We are satisfied with the fact that the Operating

profit is back on a normal level after a weak first

quarter this year. The profit in the second quarter

of 2014 is substantially affected by unrealized

currency losses on derivate and loans, which gave a

total loss of MNOK -41,3", says Jan Fredrik Meling

(CEO).

Attached is the 2nd quarter 2014 report on

www.newsweb.no

Contact:

CEO Jan Fredrik Meling, Phone: (+47) 91 67 51 19

CFO Svein Ove Enerstvedt, Phone: (+47) 41 79 42 09

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