Reference is made to the stock exchange release January 20, 2020, wherein
Eidesvik Offshore ASA ("Eidesvik") announced it had been awarded a 5-year
contract for Viking Energy from Equinor Energy AS ("Equinor").

Viking Energy will be part of a full scale research program using fuel cell
technology in combination with ammonia aiming for a zero emission propulsion
solution.

Equinor and Eidesvik are the main pillars in an industry cooperation together
with Wartsila Norway AS, Wartsila Gas Solutions AS, Prototech AS and NCE
Maritime Clean Tech.

The five year research project receives support from EU and aims to have 2MW
fuel cell capacity installed onboard Viking Energy in 2024.

In a statement, Jan Fredrik Meling, CEO of Eidesvik Offshore ASA said, "In our
continuous pursuit for zero emission shipping solutions we are excited to
announce the start of yet another long term cooperation with Equinor to achieve
this. This is a proud day for all in Eidesvik, and we are pleased to see that
our track record of developing environmentally friendly shipping solutions over
the previous decades makes us the preferred partner for our clients in such an
advanced and future oriented project."

A press conference will be taking place onboard the PSV Viking Energy in Bergen
on January 23 at 10.00 AM. The press release published by Eidesvik in connection
with this press conference has been attached to this stock exchange notice. 

Bømlo, January 23, 2020

Contacts:
Jan Fredrik Meling, CEO, phone no: +47 91 67 51 19
Tore Byberg, CFO, phone no:        +47 47 50 90 12


This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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