AWILCO LNG ASA – Mandatory Notification of Trade and Disclosure of Large Shareholding – Private Placement

30 Mar 2026 16:37 CEST

Oslo, 30 March 2026: Reference is made to the stock exchange announcement made
by Awilco LNG ASA (the "Company") on 6 March 2026 regarding the private
placement of 77,311,998 new shares (the "New Shares") at a subscription price of
NOK 3.25 per share (the "Offer Price"), raising gross proceeds of approximately
NOK 251.3 million, equivalent to approximately USD 26 million (the "Private
Placement"), towards a limited group of existing shareholders and new investors.
Reference is further made to the Company's stock exchange announcement earlier
today regarding the resolution by the extraordinary general meeting of the
Company to inter alia increase the share capital by NOK 7,731,199.80 by issuance
of the New Shares in the Private Placement (the "Share Capital Increase").

Awilco AS, a close associate of Ole Christian Hvidsten (board member) and
Jens-Julius Nygaard (board member), has been allocated and subscribed for
14,867,692 New Shares at the Offer Price in the Private Placement. Please see
further details in the attached form.

The Share Capital Increase will result in an increase of the total issued shares
and votes in the Company from 132,548,611 to 209,860,609.

Prior to registration of the Share Capital Increase with the Norwegian Register
of Business Enterprises, Awilco AS holds 51,114,080 shares in the Company, which
represents 38.56% of the issued shares and votes in the Company. Following
registration of the Share Capital Increase and delivery of the New Shares to
investors in the Private Placement, Awilco AS will hold 65,981,772 shares
representing 31.44% of the issued shares and votes in the Company, thus
passively falling below the 1/3 threshold pursuant to section 4-2 of the
Norwegian Securities Trading Act. Awilco AS has no rights to further shares or
votes in the Company.

Awilco AS is ultimately controlled by Awas Holding AS, which is in turn
ultimately controlled by Bent Christian Wilhelmsen, Arne Alexander Wilhelmsen
and Paweco Trust. None of the aforementioned or their affiliated parties have
any additional rights to shares or votes in the Company.

For more information about the Private Placement, please refer to the Company's
stock exchange announcements of 6 March 2026.

Fearnley Securities AS is acting as advisor and Wikborg Rein Advokatfirma AS is
acting as legal counsel to the Company in the Private Placement.

For further information, please contact:

CEO Jon Skule Storheill
Phone: +47 913 44 356

CFO Per Heiberg
Phone: +47 952 20 264

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation (EU) 596/2014 (MAR) article 19 number 3 and section 4-2
of the Norwegian Securities Trading Act.

About Awilco LNG ASA

Awilco LNG is a Norwegian based LNG transportation provider, owning and
operating LNG vessels intended for international trade. The Company currently
owns two 2013 built 156,000 cbm TFDE membrane LNG vessels, WilForce and
WilPride.

More information:
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669774_Awilco LNG ASA - Mandatory disclosure of transaction by PDMRs close associates.pdf