Premuda : Rumors

With reference to some press rumors concerning the existence of negotiations about a merger plan and/or industrial concentration between Premuda and Augustea Group, Premuda informs that, as at today, there

are no ongoing or planned negotiations in this sense. However, the process for the financial debt restructuring continues, and the industrial and financial plan is being updated as a consequence of the recent joint venture agreement entered into by the subsidiary Four Vanguard Serviços and Navegaçao LDA ('FVSN ') and the Group Yinson, related to the FPSO unit Four Rainbow (as referred to in the press release dated October 7, 2015)

Company contacts : Marco Tassara/Elena Bertone tel [phone]

Email: [e-mail] - Web site: www.premuda.net