Farstad Shipping ASA - Vessel delivery and long-term financing

Far Sitella (STX PSV08 CD) has today Tuesday 5 February been delivered from STX OSV Vung Tau in Vietnam to Farstad Shipping Pte.Ltd in Singapore, a wholly owned subsidiary of Farstad Shipping ASA. Upon arrival in Australia, the vessel will commence its long term commitment to Shell Australia related to their Prelude drilling campaign. Reference is made to our press release of 14 June 2012. A long-term facility has been drawn with Nordea Bank 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 57 vessels (28 AHTS, 26 PSV and 3 SUBSEA) and 3 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#1675569]