Boa Offshore AS - Consolidated Quarterly Report 4Q-2017

Boa Offshore AS reports consolidated operating
revenues of NOK 164 in 4Q 2017 (NOK 179m in the same
quarter 2016). Operating profit before depreciation
(EBITDA) was NOK 24m (NOK 15m). Net financial items
was -NOK 49m (-NOK 43m) and Net profit was -NOK 153m
(-NOK 625m).

For further information, please contact:

Helge Kvalvik, CEO: Tel +47 97 97 97 72, or
Albert Strand, Director Finance and Risk:
Tel +47 90 74 44 61

About Boa Offshore:
Boa Offshore is a Norwegian-based global offshore
supply vessel owner and operator with a well-
diversified fleet of 33 units focused on subsea,
barges, tugs, seismic, AHTS, engineering and project
management. The company has the most sophisticated
semi-submersible barge fleet in the world and holds
the global market-leading position for heavy lift
barges. The Boa group is an experienced and focused
operator with more than 40 years of history.