Olympic Ship - new chartercontract

1/15/2013 10:55 AM EST

Olympic Ship has entered into a long term contract 
with Reef Subsea Norway AS for a subsea support and 
construction vessel to be delivered from Kleven Verft 
AS (yard no. 362) in August this year. The firm 
contract period is 5 years with further options for 5 
x 1 year. The contract starts at delivery of the 
vessel. The contract terms are reflecting the strong 
subsea-market and the demand for such well equipped 
vessels like this new Olympic vessel. 

Contacts:
John Arne Winsnes (Deputy CEO) + 4748113131
Runar Debess (CFO) +4770081205 / +4790663150

This information is subject of the disclosure 
requirements acc. to §5-12 vphl (Norwegian Securities 
Trading Act