Viking Supply Ships

Capital/Financing Update • Apr 14, 2016

Press release

14 April 2016

Update on lender dialogue and change of financial calendar in Viking Supply Ships AB.

As previously communicated the company is in discussions with its lenders regarding the long term financing situation in the company. The dialogue is positive and constructive, and to allow the parties to find a long term solution beneficial to all parties the standstill agreement with the lenders has been extended.

To give a better overview of the expected solution in the Annual Report and at the Annual General Meeting (AGM), the company has decided to postpone the AGM. The AGM was according to the financial calendar scheduled for 10 May. The new date is 20 May at 12:00. The summons to the AGM will be released no later than 4 weeks ahead of the date of the AGM.

For further information, please contact:

Ulrik Hegelund, CFO, ph. +45 41 77 83 97, e-mail ulrik.hegelund@vikingsupply.com

Morten G. Aggvin, IR & Treasury Director, ph. +47 41 04 71 25, e-mail ir@vikingsupply.com

Viking Supply Ships AB (publ) is a Swedish company with headquarter in Gothenburg, Sweden. Viking Supply Ships A/S is a subsidiary of Viking Supply Ships AB (publ). In addition Viking Supply Ships AB (publ) has the subsidiary TransAtlantic AB. The operations are focused on offshore and icebreaking primarily in Arctic and subarctic areas as well as on Shipping services mainly between the Baltic Sea and the Continent. The company has in total about 500 employees and the turnover in 2015 was MSEK 1,977. The company's B-shares are listed on the NASDAQ Stockholm, Small Cap segment. For further information, please visit: www.vikingsupply.com

Viking Supply Ships AB is obliged to make this information public according to the Financial Markets Act and/or the Financial Instruments Trading Act (Sw: lagen om värdepappersmarknaden and lagen om handel med finansiella instrument). The information was submitted for publication on 14 April 2016 at 08:30 am.

Swedish head office: Danish head office: Norwegian office: Russian office: Canadian office Viking Supply Ships AB Box 11397 – Lilla Bommen 4a 40428 Gothenburg Sweden

Tel.: +46 (0)31 - 763 2300 Reg no: 556161-0113

Viking Supply Ships A/S Islands Brygge 57 2300 Copenhagen Denmark

Tel.: +45 72 31 20 13 Reg no: 33369794

Viking Supply Ships AS PB 204, Kirkegaten 1 4662 Kristiansand Norway

Tel.: +47 38 12 41 70 Reg no: 981240030

Viking Supply Ships Ltd Khlebniy Perulok 19A 121069 Moscow Russia

Tel.: +7 495 6916811 Reg no: 110774-6094 Viking Supply Ships 139 Water Street St. John's, NL A1C 5J9 Canada

Tel.: +1 709 631 9984 Reg.no: CAN 71705