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2016-05-18

REM Offshore ASA: REM - RESULT Q1 2016

Rem Offshore ASA recorded operating revenue of NOK 235.7 million in the first
quarter of 2016 (2015: NOK 315.8 million). EBITDA came to NOK 109.3 million
(NOK 160.8 million), and there was a net profit for the period of NOK 8.7
million (NOK 5.8 million).

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

Contact :

Arild Myrvoll (CEO), +4770080894 / +4790014188

Ola Beinnes Fosse (CFO), +4770080879 / +4797531227

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 19 vessels, including 1 vessel under construction (2 OCV, 11 PSVs, 6 CSV).
REM Offshore operates a new and modern fleet with an average age of ca 4.5
years and the company currently employs about 470 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 Q1 2016
http://hugin.info/138652/R/2013602/746258.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

HUG#2013602

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