Eidesvik Offshore ASA (the «Company») reports its results for the 4th Quarter 2019. The report is attached to this notification and available for download from the Company's website https://www.eidesvik.no. MAIN HIGHLIGHTS IN 2019 - Consolidated EBITDA of MNOK 243.2, compared to MNOK 96.9 in 2018 - 3 year Frame agreement withAker BP and multiple contract awards - 3-year contract withEquinor for Viking Avant, which enables the Company to install batteries and hybrid solutions for the vessel - All 7 PSVs on firm contracts from medio July throughout 2019. - Master Time Charter Agreement and contract awards withSeabed Geosolutions - Siemens Gamesa Renewable Energy extended the charter of Acergy Viking by one additional year to endJanuary 2022 - Term sheet for the sale of the 50% share ownership inGlobal Seismic Shipping AS to CGG HIGHLIGHTS IN 4th QUARTER 2019 - Consolidated EBITDA of MNOK 35.1, compared to MNOK 48.3 in 4th Quarter 2018 - Contract extension withIthaca Oil and Gas Limited for Viking Princess SUBSEQUENT EVENTS - The sale of Global Seismic Shipping AS was completed onJanuary 8, 2020 - 5-year contract withEquinor forViking Energy - Announcement of zero emission shipping solution based on ammonia fuel cell in relation to the 5-year contract forViking Energy - Contract withEquinor for Viking Queen - Contract withSeabed Geosolutions for Vantage and Subsea Viking FINANCIAL RESULTS In the 4th Quarter 2019 the Company had consolidated operating income of MNOK 142.0 (MNOK 145.0 in the corresponding period in 2018). Operating profit before depreciations (EBITDA) was MNOK 35.1 (MNOK 48.3), and operating profit (EBIT) was MNOK -47.4 (MNOK -14.3). Profit from joint ventures was MNOK -0.1 (MNOK -8.1). Net financial items were MNOK 17.3 (MNOK -72.8). Profit after tax amounted to MNOK -31.6 (MNOK -88.3). Bømlo,February 25, 2020 . Contact: CEOJan Fredrik Meling (+47 916 75 119) CFOTore Byberg (+47 475 09 012) This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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