Farstad Shipping ASA – Summons to Bondholders' Meeting

Reference is made to Farstad Shipping ASA's stock exchange release of 6 February 2017 regarding its fully funded restructuring plan. Farstad Shipping ASA has today summoned a Bondholders' Meeting to be held on 2 March 2017 at 13:00 hours (Oslo time) at the premises of Nordic Trustee ASA, Haakon VIIs gt. 1, 0161 Oslo - 6th floor, with a view to pass resolutions necessary to carry out the restructuring plan.

The complete summons are attached hereto. 

Contacts:

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

CFO Olav Haugland – tel. +47 915 41 809

Farstad Shipping’s fleet currently consists of 56 vessels (27 AHTS, 22 PSV and 7 SUBSEA). The company’s operations are managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 1,500 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