Report 2nd quarter 2019
· Revenues for the second quarter of 2019 was MNOK 1,372 vs MNOK 1,359 in 2018, while Adjusted EBITDA amounted to MNOK 440 vs MNOK 356 in 2018 · Adjusted EBITDA improvement of MNOK 216 in 1H 2019 (MNOK656 vs MNOK440) · Equity per June 30th negative with MNOK 1,655 · The activity level in the market shows some signs of improvement · Agreement with certain financial creditors to suspend and defer payments of principal and interest extended until October 31th, 2019 Skudeneshavn, August 28th, 2019 ContactsLars Peder Solstad CEO, at +47 91 31 85 85Anders Hall Jomaas