Farstad Shipping ASA - Vessel delivery and long-term financing

Far Spica (STX PSV08 CD) has today Thursday 31 January been delivered from STX OSV Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA. The vessel will commence a term charter contract with Statoil to support their drilling campaign on the coast of East Africa. Reference is made to our press release of 11 January 2013. A long-term facility has been drawn with Danish Ship Finance AS to finance the vessel. Contacts: CEO Karl-Johan Bakken - tel. +47 901 05 697 CFO Torstein Stavseng -   tel. +47 911 07 001 Farstad Shipping's fleet currently consists of 56 vessels (28 AHTS, 25 PSV and 3 SUBSEA) and 4 PSV and 4 AHTS under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2000 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. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Farstad Shipping ASA via Thomson Reuters ONE [HUG#1674650]