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Viking Supply Ships A/S lays up three PSVs

Press releaseDue to a continued weak PSV market, Viking Supply Ships A/S has decided to lay up the PSV vessels Idun Viking, Frigg Viking and Nanna Viking. The vessels’ crew is provided by an external ship manager and the decision will consequently not have any impact for crew employed in Viking Supply Ships A/S. Viking Supply Ships A/S will support the ship manager in finding alternative vessels for the crew members on the three vessels. The decision will reduce the company’s operational costs going forward and will give a positive impact on the results from fourth quarter 2015, with

New Chief Financial Officer in Viking Supply Ships AB (publ).

Press releaseViking Supply Ships AB (publ.) has today appointed Ulrik Hegelund as Chief Financial Officer (CFO). Mr. Hegelund will also act as CFO in Viking Supply Ships A/S, and will take over the responsibilities as CFO in both companies as of 1st September. Mr. Hegelund has been employed in Viking Supply Ships A/S as Accounting & Controlling Director since 2012. He has previously long experience from several management positions within finance, and holds a Masters Degree in Accounting and Controlling from Århus International School of Business. The interim CFO, Niels J. Kindberg,

Viking Supply Ships A/S Interim Report January – June 2015

Press releaseTotal revenue for Q2 2015 was MNOK 290 (MNOK 365), of which vessel operations contribute with MNOK 261 (MNOK 262) and Services and Ship Management segments contribute with MNOK 29 (MNOK 103). The total EBITDA for Q2 was MNOK 91 (MNOK 115). The operating result (EBIT) for Q2 was MNOK 43 (MNOK 69). The net result for Q2 was MNOK 47 (MNOK 38). The average fixture rate for the AHTS fleet in Q2 was NOK 463,500 (NOK 413,000) and GBP 2,650 (GBP 10,360) for the Platform Supply Vessels (PSV) fleet. The average utilization for the AHTS fleet for Q2 was 75% (72%) and 22% (82%) for the

Viking Supply Ships AB Interim Report January – March 2015

First quarter 2015 · Total revenue was MSEK 509 (729) · EBITDA was MSEK 58 (10) · Result after tax was MSEK -71 (-112) · Result after tax per share was SEK -0.4 (-0.8) Summary of events in Q1 · EBITDA for the first quarter was MSEK 58 (10), which is an improvement of MSEK 48 compared to last year. · A contract with an Oil-major for the charter of Brage Viking has been entered into. The vessel is firm until December 2017, with options to extend the contract until June 2019. · In order to remain competitive and reduce costs, management has decided to close down the

The 2014 season for “Tor Viking” has been cancelled.

The previously communicated charter agreement for “Tor Viking” applies to the 2014 and 2015 seasons in sub-Arctic waters with options for 2016 and 2017. The duration of each season is approximately 7 months including mobilization and demobilization with commencement around May 1st each year. The drilling season 2014 has now been cancelled by the charterer. According to the contract VSS will be paid a cancellation fee. The contract is still valid for the remainder of its periods. For further information, please contact: CEO Viking Supply Ships Christian W. Berg: ph + 45 41 77 83

Viking Supply Ships have been awarded a contract for consulting services with an entity owned by major oil companies

Viking Supply Ships have been awarded a contract for consulting services with a company owned by major oil companies. The contract includes general advice, logistical support and equipment supply for offshore work in harsh environments. The contract is for a period of two years from the end of 2013. The total contract value is estimated to be approximately MUSD 50-60 depending on actual services required. The contract strengthens the company’s position as one of the leading operators working in harsh and remote areas. Viking Supply Ships have unique experience from operating under

Viking Supply Ships open Canadian Office

Viking Supply Ships (VSS) have opened an office in St. John’s, Newfoundland, Canada. VSS has had several vessels working in Canada over the last few years and the opening of the Canadian office will strengthen the strategic position in the Canadian market. Mr. Gerard Dunphy has been employed as the Managing Director. Mr. Dunphy has been in the Offshore Business for over 20 years in Atlantic Canada, the Canadian Arctic, Alaska, Greenland and the North Sea. He graduated from the University of Plymouth, Msc. International Shipping in 1988 and Memorial University, Marine Institute, Naval

Viking Supply Ships A/S is contemplating issuance of new unsecured bond

Viking Supply Ships A/S is contemplating the issuance of a new unsecured short term bond in the Norwegian bond market with maturity in September 2014. The contemplated bond issue will have a nominal value of NOK 100 million and settlement is expected to be in June 2013. The net proceeds shall be employed for general corporate purpose.    For further information, please contact: CEO Viking Supply Ships, Christian Berg, ph. + 45 41 77 83 80 or CFO Viking Supply Ships, Niels J. Kindberg, ph. +45 23 74 49 85.     Rederi AB TransAtlantic (RABT) is a leading Swedish shipping

Viking Supply Ships has entered into a contract with E.ON for the PSV “SBS Cirrus”

Viking Supply Ships has entered into a contract with E.ON for the charter of “SBS Cirrus” commencing in May 2013. The duration is for three months firm, plus charterer’s option to extend the contract with a total of 8 weeks.  The contract terms are in accordance with present market conditions.     For further information, please contact:Christian W. Berg, CEO, Viking Supply Ships, ph. +45 41 77 83 80orNigel Taylor, Managing Director, Viking Supply Ships Ltd., Aberdeen,ph. +44(0)12 24 71 22 77.   Rederi AB TransAtlantic (RABT) is a leading Swedish shipping company with

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