Viking Supply Ships

Regulatory Filings • Jul 12, 2010

Press release

July 12, 2010

TransAtlantic sign contract with Statoil for the AHTS vessel Loke Viking

The AHTS vessel Loke Viking (19,040 BHP ‐ built 2010) has been awarded a contract by Statoil for operations in the Barents Sea. The vessel will support the drilling campaign for a number of wells, starting November 2010. The charter period is for three wells firm (about 60‐75 days for each well) with Statoils options for more wells. The first well will be on the Skrugard block, located between Bjornoya and the Snow White field. The drilling rig used will be the Polar Pioneer. Apart from our extensive experience of working in harsh weather and Arctic climate the Deicing, standby and oil recovery features of the Loke Viking have been important features when Statoil has been selecting vessel that will be taking part in the Barents Sea campaign.

The contract with Statoil is likely to be in direct continuation from her current contract off WC Greenland. This will be the second Charter contract for the vessel after her delivery from the Zamakona Shipyard in May this year. The Support base used for logistic support under this contract will be will be Hammerfest in Northern Norway.

For further information, please contact Acting President Stefan Eliasson, tel: +46 (0)304 – 67 47 00

Rederi AB Transatlantic is a leading Swedish shipping company. Operations are organized into two business areas: Offshore/Icebreaking and Industrial Shipping. Ships fleet consists of 39 vessels, three anchor handling vessels in order to be delivered 2010‐2011, and ships chartered for shorter periods. The company has about 1 100 employees. Its shares are listed on the NASDAQ OMX Stockholm Small Cap segment.