The maturity will be in January 2018. An application will be made for the bonds to be listed on the Oslo Stock Exchange.

Net proceeds from the new bond issue will be used to finance general corporate purposes.

Arctic Securities acted as sole lead arranger in connection with the placement of the new bond issue.

For further information, please contact:

Terje Sørensen, CEO
Tel: +47 91 31 61 64

Dagfinn B. Lie, CFO
Tel: +47 90 19 90 51

Fabian Qvist, Arctic Securities
Tel: +47 21 013 191

Anders E. Eide, Arctic Securities
Tel: +47 21 013 260

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