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2014-05-16

CECON ASA : Consolidated Interim Financial Report Q1 2014

Cecon ASA presents its Consolidated Interim Financial Report for First Quarter
2014

16.05.2014
Highlights of Q1 2014
:
* Completion of pipe-lay byLewek Centurion on large project in Dutch sector.
* Certain changes in terms of loan agreements where presented to bondholders
in bondholder meeting 21 February 2014 to reflect up to 2 months later
delivery. All changes approved in meeting.

Subsequent events
:
* Charter contract signed forCecon Pride for 10 months with options for
prolongations
* Short delay in delivery forCecon Pride . Delivery will be June
* Postponement in refinancing obtained with 1.priority lender due to later
delivery of vessel

Consolidated Interim Financial Report Q1 2014
http://hugin.info/138577/R/1786375/613002.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CECON ASA via Globenewswire

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