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2014-05-14

Farstad Shipping ASA: Farstad Shipping ASA - Report 1Q 2014

Attached please find Report 1Q 2014.

Farstad Shipping achieved an operating income of NOK 1,009.7 mill. for the 1st
quarter. The operating profit (EBIT) was NOK 192.7 mill. The profit after
taxes was NOK 79.5 mill.

Contacts for further information:

CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein L. Stavseng - tel. +47 911 07 001

Farstad Shipping's fleet currently consists of 60 vessels (32 AHTS, 25 PSV and
3 SUBSEA) and 2 PSV and 2 SUBSEA under construction. The company's operations
are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and
Rio de Janeiro with a total of 2200 employees engaged onshore and offshore.
The company's strategy is to be a leading quality provider of large, modern
offshore service vessels to the oil industry. The company maintains a
long-term charter profile for the fleet.

www.farstad.com

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

Quarterly Report 1 2014
http://hugin.info/45/R/1785309/612109.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: Farstad Shipping ASA via Globenewswire

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