28.08.2019

Report 2nd quarter 2019

• Revenues for the second quarter of 2019 was MNOK 1,372 vs MNOK 1,359 in 2018, while Adjusted EBITDA amounted to MNOK 440 vs MNOK 356 in 2018
• Adjusted EBITDA improvement of MNOK 216 in 1H 2019 (MNOK656 vs MNOK440)
• Equity per June 30th negative with MNOK 1,655
• The activity level in the market shows some signs of improvement
• Agreement with certain financial creditors to suspend and defer payments of principal and interest extended until October 31th, 2019

Skudeneshavn, August 28th, 2019

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 40 04 29 18