Altera Shuttle Tankers L.L.C. – CHANGE OF OWNERSHIP

06 Nov 2024 07:50 CET

WESTHILL, United Kingdom, 6 November 2024. Altera Infrastructure Holdings
L.L.C., a wholly owned subsidiary of Altera Infrastructure L.P., has entered
into an agreement to sell all the membership interests in Altera Shuttle Tankers
L.L.C. (“AST”) to Maistros Shiptrade Limited, a company affiliated with the
Angelicoussis Group (the “Transaction”).

Altera Shuttle Tankers L.L.C. is a leading shuttle tanker provider, owning and
operating 18 shuttle tankers in Brazil, Canada and the North Sea.

The Angelicoussis Group is one of the world’s largest privately owned shipping
groups, with 144 vessels on the water and 23 vessels (including three shuttle
tankers) on order. Dating back to 1947, the Group has a long family legacy
providing best-in-class shipping services to the LNG, tanker and dry bulk
markets.

Completion of the Transaction is conditional upon receipt of relevant regulatory
approvals. Subject to receipt of such approvals, completion is expected to occur
in H1 2025.

AST is the issuer of two senior unsecured bonds listed on Oslo Stock Exchange,
with ISIN NO0013172734 and ISIN NO0011167785 (collectively the “Bonds”).
Completion of the Transaction will trigger a change of control event under the
Bonds.

The information in this announcement is subject to a duty of disclosure pursuant
to Section 5-12 of the Norwegian Securities Trading Act, and constitutes inside
information for the purposes of the EU Market Abuse Regulation.

This announcement was published by Finn Andre Løken at AST on the date and time
provided.

For further information, please contact:

Investor Contact:
Terje Selle Rundberg, VP Financing and Treasury
investor.relations@alterainfra.com
+47 95 96 90 93

Media Contact:
Steffen Rogne, Manager Corporate Communications
media@alterainfra.com
+47 91 63 97 27

More information:
Access the news on Oslo Bors NewsWeb site