Awilco LNG ASA (OSE: "ALNG") ("Awilco" or "the Company") is pleased to announce
that the 2013-built 156,000 cbm TFDE WilPride has been fixed on a new time
charter party contract with a duration of about 10 months. The contract is
expected to commence at the end of June 2021 in direct continuation from the
present charter party.

Jon Skule Storheill, CEO of Awilco LNG ASA, commented:
"We are pleased to announce that WilPride is fixed on a contract at a
considerably higher rate than the time charter contract announced for WilForce
back in April 2021, showing the strength of the LNG market in 2021 and beyond.
As a result of comparatively strong earnings through the winter season these
contracts enable the company to comply with original financial covenants under
our financing facilities after June 30, 2021 (until which date they have been
amended). In addition, they give visibility for earnings and cash generation
over the next three quarters sufficient to strengthen our financial position
significantly."

For further information please contact: 
Jon Skule Storheill
Chief Executive Officer
Mobile: (47) 913 44 356

Per Heiberg
Chief Financial Officer
Mobile: (47) 952 20 264

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