Endúr : Signed contract- maintenance agreement on the Norwegian Royal Yacht.

Signed contract- maintenance agreement on the Norwegian Royal Yacht.

Reference is made to the stock exchange message distributed 18 February 2020; informing about Endúr Maritime AS being awarded a 4-year framework agreement on maintenance services on the Norwegian Royal Yacht. The ordinary waiting period has ended; thus the final contract has now been signed. The framework contract is administered by the Norwegian Defense Logistics Organization (FLO) on behalf of the Navy and has an estimated value of approximately NOK 50 million. The maintenance contract includes both classification, repairs, maintenance and any upgrades of the vessel during the four-year period that starts immediately. Endúr Maritime AS (formerly Bergen Group Services AS) is a wholly owned subsidiary of the listed group Endúr ASA. The company has well-established expertise and capacity related to the execution of complex maritime projects and service operations, including through framework agreements with the Armed Forces, the Rescue Company and shipping companies along the Norwegian coast. Endúr Maritime AS has built up its own engine test center with considerable expertise related to its own location at Laksevåg in Bergen. In addition, the company has its own travel team covering both the Norwegian coast, offshore installations in the North Sea and international missions. Contact person: Managing Director Jonny Arefjord in Endúr Maritime, phone [phone]