8 April 2020 – The management of AqualisBraemar ASA is closely monitoring the
COVID-19 situation and has implemented strict measures to ensure the safety of
clients, employees and business partners whilst making every effort to maintain
an uninterrupted level of service to our clients. The COVID-19 situation has not
had a significant group-wide impact on AqualisBraemar’s activity level to date. 

“There have been positives and negatives for us to date. Positively, through our
extensive global footprint of staff and subcontractors currently covering almost
160 locations, we have been able to increasingly support new clients at
locations where others have been unable to access. Negatively, the increasing
global travel restrictions present challenges to us and our clients, increasing
complexity in project execution. Our prime focus remains to provide an
uninterrupted service to our clients but, in light of the seriousness of the
current global healthcare crisis, the evolving circumstances will probably lead
to a different way of working, including more web-based collaboration and
advisory methods. We are already kicking off new client projects and delivering
on existing consultancy assignments through our robust online infrastructure“,
says David Wells, CEO of AqualisBraemar. 

"At this stage it is hard to quantify the lasting impact of COVID-19 to our
trading. We have not yet experienced a significant group-wide impact on our
activity level, but continued travel restrictions will inevitably affect short
term business development and operations in various ways. We continue to monitor
the situation closely and remain agile in response to any business disruptions
that may arise. We remain confident in the significant commercial opportunities
that will still manifest themselves, and believe AqualisBraemar will have a
strong underlying momentum when returning to a normalized business environment,
providing a solid platform for long-term growth", David Wells concludes.



For further information, please contact:

Investors and financial media;
Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 912

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05, 
Email: endre.johansen@corpcom.no.

About AqualisBraemar ASA
AqualisBraemar ASA (OSE: Aqua) is a public listed company that, through its
subsidiaries and associates, offers adjusting, marine, offshore and renewables
consultancy services to the energy, shipping and insurance industries. The group
employs specialist engineers, naval architects, master mariners, loss adjusters
and technical consultants in 48 offices located across 5 continents in 31
countries. AqualisBraemar ASA operates under three distinct brands globally:  

• AqualisBraemar: a leading adjusting, marine and offshore consultant to the
energy, shipping and insurance industries  
• AqualisBraemar Yacht Services: a specialised marine consultant to the
superyacht market
• OWC: an independent technical advisor, engineering and project management to
the offshore renewables sector