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2015-08-25

REM Offshore ASA: REM - REPORT 2`ND QUARTER 2015 AND 1`ST HALF YEAR 2015

Rem Offshore ASA recorded operating revenue of NOK 607.8 million during the
first six months of 2015 (NOK 598.6 million in the first six months of 2014).
Operating profits before depreciation (EBITDA) for the first six months
totalled NOK 315.7 million (NOK 342.2 million), corresponding to an EBITDA
margin of 51.9% (57.2%). Net profit the first six months of the year came to
NOK 70.1 million (NOK 183.2 million).

Operating revenue for the second quarter amounted to NOK 292.0 million (NOK
335.1 million). Operating profits before depreciation (EBITDA) for the second
quarter totalled NOK 154.9 million (NOK 195.0 million), corresponding to an
EBITDA margin of 53.1% (58.2%). Net profit came to NOK 64.3 million (NOK
105.8 million).

The report is published on :www.rem-offshore.no

For additional information please contact :

Åge Remøy (CEO), +4770081164 / +4790591292

Arild Myrvoll (CFO), +4770080894 / +4790014188

Rem Offshore ASA is listed on Oslo Stock Exchange (OAAX) with the ticker REM.
The company's offices are located in Fosnavaag. The fleet currently consists
of 20 vessels, including 1 vessel under construction (2 OCV, 12 PSV, 6 CSV).
REM Offshore operates a new and modern fleet with an average age of ca 4
years and the company currently employs about 550 highly qualified workers.
REM Offshore continuously strives to satisfy our customers' demands through
improving our operations in line with "best operating practices" and with a
continuous focus on health, safety, environment and quality.

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

REM Q2 2015
http://hugin.info/138652/R/1947366/707090.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: REM Offshore ASA via Globenewswire

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