NOTICE OF TERMINATION

Harkand Gulf Contractin Limited is due to the
company's financial position set under administration.
The Administrators has informed Eidesvik that they
will terminate the charter party for the Offshore
Construction Vessel Viking Poseidon immediately. The
contract maturity was originally January 2017. The
vessel has been in lay up since October 2015. Eidesvik
has engaged legal advisors to protect the company's
interests.

Contact: CEO Jan Fredrik Meling (TEL +47 916 75 119)