ALNG - Sale of WilGas and WilEnergy

PRESS RELEASE: NO. 3/2016

Awilco LNG ASA - Sale of WilGas and WilEnergy

Reference is made to press release no. 2 dated 18 August
2016. For clarification purposes, the gross sales price for
the two vessels WilEnergy and WilGas was USD 31.6 million.
The sale will contribute with a net positive cash effect of
MUSD 32.2 including bunkers and lubes settlement for Awilco
LNG.

For further information please contact:

Jon Skule Storheill:
Chief Executive Officer
Telephone: (47) 22 01 42 09
Mobil: (47) 91 34 43 56

Snorre Krogstad
Chief Financial Officer
Telephone: (47) 22 01 42 49
Mobil: (47) 90 85 83 93


Place: Oslo, Norway
Date: 18 August 2016