SALE OF VESSEL

Eidesvik has entered into an agreement for sale of the
Platform Supply Vessel Viking Nereus (UT 755L built
2004). The sale is dependent on the buyer's acceptance
of the technical condition of the vessel. If buyer
accepts the vessel, the delivery will be in 4th
Quarter 2016. An impairment loss of approximately MNOK
55 will be recorded in 3rd Quarter 2016.

Contact: CEO Jan Fredrik Meling - tel +47 916 75 119