Reference is made to previous stock exchange releases regarding I.M. Skaugen
SE’s refinancing process. Latest such release was published on 2 May 2017.

I.M. Skaugen SE has now entered into the final agreements with its secured
lenders as well as a bond agreement for IMSK 14, which will replace the existing
bond issues IMSK12 and IMSK13. These agreements are all based on the refinancing
proposal outlined in the Summons dated 10 April 2017 as sent bond holders of
IMSK12 and 13.
If you have any questions, please contact:
Bente Flø, Chief Financial Officer, on telephone +47 23 12 04 00 /+47
91 64 56 08 or by e-mail: bente.flo@skaugen.com.

I.M. Skaugen SE is a Norway based Marine Transportation Service Company, with a
focus on Innovative Maritime Solutions. Our core business activity is to provide
logistics solutions for seaborne regional distribution of liquefied gases such
as LNG, petrochemical gases, ethane as well as LPG.

The Skaugen Group currently operates a fleet of 15 advanced gas carriers. In
this fleet we have 6 innovative and unique vessels with the capacity to
transport LNG in addition to petrochemical gases and LPG. We have pioneered the
Small Scale LNG distribution business with this unique development project. We
recruit, train and employ our own team of seafarers. IMS employs approximately
500 team members globally and with nearly 30 nationalities represented. We
manage and operate our global activities and service our clients from our
offices in Singapore and Oslo.