AWILCO LNG ASA – Final results of subsequent offering

26 May 2026 22:55 CEST

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA OR THE
UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, 26 May 2026: Reference is made to the stock exchange announcement made by
Awilco LNG ASA ("Awilco LNG" or the "Company") earlier today, 26 May 2026
regarding the last day of the subscription period (the "Subscription Period")
for the subsequent offering of up to 15,000,000 new shares in the Company, each
with a par value of NOK 0.10 ("Offer Shares"), at a subscription price of NOK
3.25 per Offer Share (the "Subsequent Offering").

The Subscription Period expired today, 26 May 2026, at 16:30 CEST. The final
results show that the Company has received valid subscriptions for a total of
9,093,946 Offer Shares, comprising 4,942,323 Offer Shares subscribed by eligible
shareholders exercising their subscription rights, 937,082 Offer Shares from
oversubscriptions, and 3,214,541 Offer Shares from subscriptions without
subscription rights.

Pursuant to the authorisation granted by the Company's extraordinary general
meeting held on 30 March 2026, the board of directors of the Company has today
resolved to allocate and issue a total of 9,093,946 Offer Shares, thereby
increasing the Company's share capital by NOK 909,394.60, in accordance with the
allocation principles set out in the Prospectus. The Company will consequently
raise approximately NOK 29.5 million in gross proceeds through the Subsequent
Offering.

Notifications of allocated Offer Shares and the corresponding subscription
amount to be paid by each subscriber are expected to be distributed and made
available on 27 May 2026. Subscribers having access to investor services through
their account manager with Euronext Securities Oslo ("VPS") will be able to
check the number of Offer Shares allocated to them from 12:00 CEST on 27 May
2026. Subscribers who do not have access to investor services through their VPS
account manager may contact the Manager (as defined below) from 12:00 CEST on 27
May 2026 for information about the number of Offer Shares allocated to them.

The subscription amount for payment by the subscribers for allocated Offer
Shares falls due on 29 May 2026 in accordance with the payment procedures set
out in the Prospectus.

The Offer Shares may not be transferred or traded until they are fully paid and
the share capital increase pertaining to the Subsequent Offering has been
registered with the Norwegian Register of Business Enterprises (the "NRBE"). The
Company will publish a stock exchange announcement once such share capital
increase has been registered. Subject to timely payment for the Offer Shares
allocated in the Subsequent Offering and registration of the share capital
increase, the Offer Shares are expected to be delivered on or about 2 June 2026
and commence trading on Euronext Expand on or about the same day.

Following registration of the share capital increase with the NRBE, the
Company's share capital will be NOK 21,895,455.50, divided into 218,954,555
shares, each with a par value of NOK 0.10.

Advisors
Fearnley Securities AS is acting as sole manager in the Subsequent Offering.
Wikborg Rein Advokatfirma AS is acting as legal counsel to the Company.

For further information, please contact:

Awilco LNG ASA

Per Heiberg
Interim CEO and CFO
Tel: +47 952 20 264

This information is subject to the disclosure requirements pursuant to section
5-12 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.

IMPORTANT INFORMATION

The information contained in this announcement is for background purposes only
and does not purport to be full or complete. No reliance may be placed for any
purpose on the information contained in this announcement or its accuracy,
fairness or completeness. Neither the Manager nor any of its affiliates or any
of their respective directors, officers, employees, advisors or agents accepts
any responsibility or liability whatsoever for, or makes any representation or
warranty, express or implied, as to the truth, accuracy or completeness of the
information in this announcement (or whether any information has been omitted
from the announcement) or any other information relating to the Company, its
subsidiaries or associated companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available, or for any loss
howsoever arising from any use of this announcement or its contents or otherwise
arising in connection therewith. This announcement has been prepared by and is
the sole responsibility of the Company.

Neither this announcement nor the information contained herein is for
publication, distribution or release, in whole or in part, directly or
indirectly, in or into or from the United States (including its territories and
possessions, any State of the United States and the District of Columbia),
Australia, Canada, Japan, Hong Kong, South Africa or any other jurisdiction
where to do so would constitute a violation of the relevant laws of such
jurisdiction. The publication, distribution or release of this announcement may
be restricted by law in certain jurisdictions and persons into whose possession
any document or other information referred to herein should inform themselves
about and observe any such restriction. Any failure to comply with these
restrictions may constitute a violation of the securities laws of any such
jurisdiction.

This announcement is not an offer for sale of securities in the United States.
The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act, and may not be offered or sold in the
United States absent registration with the U.S. Securities and Exchange
Commission or an exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and in accordance with
applicable U.S. state securities laws. The Company does not intend to register
any securities referred to herein in the United States or to conduct a public
offering of securities in the United States.

This announcement is an advertisement and is not a prospectus for the purposes
of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14
June 2017 (the "EU Prospectus Regulation") (together with any applicable
implementing measures in any Member State).

Any offering of the securities referred to herein will be made by means of the
Prospectus which has been prepared by the Company and approved by the Norwegian
Financial Supervisory Authority. Investors in the Subsequent Offering should not
subscribe for any securities referred to in this announcement except on the
basis of information contained in the Prospectus. Copies of the Prospectus are
available in the Company's registered office and, subject to certain exceptions,
on the Manager's website.

In any EEA Member State other than Norway, this communication is only addressed
to and is only directed at qualified investors in that Member State within the
meaning of the EU Prospectus Regulation, i.e. only to investors who can receive
the offer without an approved prospectus in such EEA Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are "qualified investors" as defined in paragraph 15
of Schedule 1 to The Public Offers and Admissions to Trading Regulations 2024,
and that are (i) investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended (the "Order") or (ii) high net worth entities, and other persons to whom
this announcement may lawfully be communicated, falling within Article 49(2)(a)
to (d) of the Order (all such persons together being referred to as "relevant
persons"). This communication must not be acted on or relied on by persons who
are not relevant persons. Any investment or investment activity to which this
communication relates is available only to relevant persons and will only be
conducted with relevant persons. Persons distributing this communication must
satisfy themselves that it is lawful to do so.

This announcement is made by, and is the responsibility of, the Company. The
Manager and its affiliates are acting exclusively for the Company and no-one
else in connection with the transactions described in this announcement. The
Manager and its affiliates will not regard any other person as their respective
clients in relation to the transactions described in this announcement and will
not be responsible to anyone other than the Company, for providing the
protections afforded to their respective clients, nor for providing advice in
relation to the transactions described herein, the contents of this announcement
or any transaction, arrangement or other matter referred to herein.

In connection with the transactions described in this announcement, the Manager
and any of its affiliates, acting as investors for their own accounts, may
subscribe for or purchase shares and in that capacity may retain, purchase,
sell, offer to sell or otherwise deal for their own accounts in such shares and
other securities of the Company or related investments in connection with the
transactions described herein or otherwise. Accordingly, references in the
Prospectus to the securities being issued, offered, subscribed, acquired, placed
or otherwise dealt in should be read as including any issue or offer to, or
subscription, acquisition, placing or dealing by, the Manager and any of its
affiliates acting as investors for their own accounts. The Manager does not
intend to disclose the extent of any such investments or transactions otherwise
than in accordance with any legal or regulatory obligations to do so.

Certain figures contained in this announcement, including financial information,
have been subject to rounding adjustments. Accordingly, in certain instances,
the sum or percentage change of the numbers contained in this announcement may
not conform exactly with the figure given.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "aim", "expect",
"anticipate", "intend", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies, and other important
factors which are difficult or impossible to predict and are beyond its control.
Such risks, uncertainties, contingencies, and other important factors could
cause actual events to differ materially from the expectations expressed or
implied in this release by such forward-looking statements. Forward-looking
statements speak only as of the date they are made and cannot be relied upon as
a guide to future performance. The Company, the Manager and its affiliates
expressly disclaim any obligation or undertaking to update, review or revise any
forward-looking statement contained in this announcement whether as a result of
new information, future developments or otherwise. The information, opinions and
forward-looking statements contained in this announcement speak only as at its
date and are subject to change without notice.

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