Farstad Shipping ASA – Report 3Q 2015 and 30.09.2015

Attached please find Report 3Q 2015.

Farstad Shipping achieved an operating income of NOK 969.3 million for the 3rd quarter. The operating profit (EBIT) was NOK 73.6 million. The profit after taxes was negative NOK 435.3 million including an unrealized currency loss of NOK 355.6 million.

The operating income at 30.09.15 was NOK 3,071.2 million. The operating profit (EBIT) was NOK 168.2 million. The profit after taxes was negative NOK 859.1 million including an unrealized currency loss of NOK 517.3 million.

Contacts for further information:

CEO Karl-Johan Bakken –   tel. +47 901 05 697

CFO Torstein L. Stavseng – tel. +47 911 07 001

Farstad Shipping’s fleet currently consists of 61 vessels (30 AHTS, 25 PSV and 6 SUBSEA) and 1 SUBSEA vessel under construction. The company’s operations are managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2,100 employees engaged onshore and offshore. The company’s strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry.

www.farstad.com

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