Eidesvik Offshore - Earnings Release 2014

AS EXPECTED FROM EIDESVIK OFFSHORE

Operating profit before depreciations(EBITDA) for Q1

2014 was MNOK 88,6 compared to MNOK 101,6 for the

same period last year. Profit for the quarter was

MNOK 32,7 compared to a Loss of MNOK -33,0 for the

same period last year.

Dockings for two of the subsea vessels and docking

for one of the supply vessels after a fire in the

engine room, have had a material negative effect on

the company's operation profit in the Quarter.

"Eidesvik has during the Quarter entered into a long

term contract with Lundin Norway AS for the supply

vessel Viking Queen. We are very pleased that we once

again have been chosen by Lunding Norway AS, a

company which is in an exciting development phase.

For Eidesvik as a pioneer with the use of LNG as fuel

for its PSVs, we appreciate a lot that Lundin once

again charter in a LNG-fueled PSV to its portfolio";

CEO Jan Fredrik Meling says in a comment.

Attached is the 4th quarter 2014 report on newsweb.no

Contact: CEO Jan Fredrik Meling, Phone: (+47) 91 67 1

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