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2014-05-19

Sinoceanic II AS: Repayment of bond loan

SinOceanic II AS has today successfully obtained full refinancing of its
outstanding bond loan with ISIN NO 001 063661.6, and will today notify the
bond loan trustee that the bond loan will be prepaid. The actual repayment of
the bond loan is expected to take place within short time, and prior to the
expiry of the 30 business day prepayment notice period set out in the bond
loan agreement (the "Notice Period").

As communicated in the company's stock exchange release of 8 January 2014, the
outstanding bonds will be redeemed at 103% of par value plus accrued interest
on redeemed amount in accordance with the bond agreement. Interest throughout
the Notice Period will be fully compensated by SinOceanic II AS in accordance
with the bond loan agreement.

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

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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: Sinoceanic II AS via Globenewswire

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