Farstad Shipping ASA – Start av tegningsperiode i reparasjonsemisjonen

NOT FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, CANADA, JAPAN, SWITZERLAND OR THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA)

Ålesund, 14. mars 2017 – Det vises til Farstad Shipping ASAs ("Farstad" eller "Selskapet") børsmelding 13. mars 2017 vedrørende blant annet reparasjonsemisjonen som omfatter 142 857 142 nye aksjer i Selskapet ("Reparasjonsemisjonen").

Tegningsperioden for Reparasjonsemisjonen starter i dag 14. mars 2017 og utløper 21. mars 2017 kl. 16:30 norsk tid (med forbehold om forlengelse).

For ytterligere opplysninger, vennligst kontakt:

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

CFO Olav Haugland, tel. +47 915 41 809

Farstad Shipping har i dag en flåte på 56 skip (27 AHTS, 22 PSV og 7 SUBSEA). Selskapets aktiviteter drives fra Ålesund, Melbourne, Perth, Singapore, Macaé og Rio de Janeiro. Samlet antall ansatte på land og sjø er 1.500. Selskapets strategi er å være en langsiktig og betydelig leverandør av store, moderne offshore servicefartøyer til oljeindustrien internasjonalt.

www.farstad.com

Denne informasjonen er underlagt offentliggjøringskravene i verdipapirhandelloven § 5-12.

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Important information:

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Hong Kong, Canada, Japan, Switzerland or the United States (including its territories and possessions, any state of the United States and the District of Columbia).

This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or under the securities laws of any state of the United States and accordingly, the securities may be offered or sold in the United States pursuant only to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any applicable state securities laws. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. The securities referred to herein have not been and will not be registered under the applicable securities laws of Australia, Canada, Hong Kong, Japan or Switzerland and may not be offered, sold, taken up, exercised, resold, delivered or transferred, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan or Switzerland. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Hong Kong, Japan, Switzerland or the United States. The subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute violation of the securities laws of any such jurisdiction. The Managers are acting for the Company and no one else in connection with the Subsequent Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to any other matter referred to in this release.

Forward-looking statements:

This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

Abonner