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2016-02-25

REM Offshore ASA: REM - RESULT Q4 2015 / PRELIMINARY RESULT 2015

Rem Offshore ASA recorded operating revenue of NOK 289.3 million in the fourth
quarter of 2015 (2014: 392.5 million) after capital gains of NOK 24.2m.
EBITDA came to NOK 142.7m (240.3), and there was a net loss for the period of
NOK 161.1m (profit of 25.4).

2015 as a whole brought operating revenue of NOK 1 210.7m (1 412.8), EBITDA of
NOK 620.6m (862.5) and a net loss of NOK 110.1m (profit of 370.7).

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

Contact;

Åge Remøy (CEO), +4770081164 / +4790591292

Arild Myrvoll (CFO), +70080894 / +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 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 Q4 2015
http://hugin.info/138652/R/1989353/730632.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#1989353

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