Sale of LNGC Golar Arctic Marks Golar's Exit From LNG Shipping Segment

13 Feb 2025 15:37 CET

Golar LNG Limited (“Golar”) announces today that it has executed agreements to
sell the 2003 built steam turbine LNG carrier, Golar Arctic. The sale price for
the vessel is USD 24 million before transaction related expenses. The LNG
carrier is unencumbered. The transaction is expected to close, and the vessel is
to be handed over to its new owner, within Q1 2025. The Golar Arctic is the last
LNG carrier in the Golar fleet. Following the vessel sale, Golar will have fully
exited its legacy shipping business.

The LNG carrier Fuji LNG discharged its final cargo as an LNG carrier in January
2025, and has now arrived in China preparing to enter CIMC shipyard for
conversion into a MKII FLNG later this month.

Golar CEO Karl Fredrik Staubo commented: “The sale of the Golar Arctic marks the
conclusion of Golar’s planned exit from the LNG shipping segment, 50 years after
taking delivery of our first LNG carrier in 1975. Over the last 50 years LNG
shipping has been the foundation for Golar’s pioneering maritime LNG
infrastructure advances, including FSRUs and FLNGs. Golar’s transition into a
focused FLNG infrastructure company is now complete. We look forward to
expanding our market leading FLNG position.”


FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements (as defined in Section
21E of the Securities Exchange Act of 1934, as amended) which reflect
management’s current expectations, estimates and projections about its
operations. All statements, other than statements of historical facts, that
address activities and events that will, should, could or may occur in the
future are forward-looking statements. Words such as “may,” “could,” “should,”
“would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,”
“estimate,” “predict,” “propose,” “potential,” “continue,” “subject to” or the
negative of these terms and similar expressions are intended to identify such
forward-looking statements.

These statements are not guarantees of future performance and are subject to
certain risks, uncertainties and other factors, some of which are beyond our
control and are difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such forward-looking
statements. You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. Golar LNG
Limited undertakes no obligation to update publicly any forward-looking
statements whether as a result of new information, future events or otherwise,
unless required by applicable law.

Hamilton, Bermuda
February 13, 2025
Investor Questions: +44 207 063 7900
Karl Fredrik Staubo - CEO
Eduardo Maranhão - CFO
Stuart Buchanan - Head of Investor Relations

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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