Reference is made to the stock exchange notice issued by AqualisBraemar ASA (the
"Company") on 21 June 2019, where the Company announced that the acquisition of
the three business lines (Adjusting, Marine and Offshore, jointly “BTS”) from
Braemar Shipping Services plc (“Braemar”) (the “Transaction”) had been
completed, and that 14,865,621 shares (the "Consideration Shares") had been
subscribed by Braemar.

As resolved by the Annual General Meeting in the Company held on 11 June 2019,
the Company's name is AqualisBraemar ASA with effect from completion of the
Transaction. Today, the name change was registered in the Norwegian Register of
Business Enterprises (the "NRBE").
 
In addition, the share capital increase pertaining to the Consideration Shares
has been registered in the NRBE. The Consideration Shares will be issued to
Braemar and eligible for trading on Oslo Børs today. Note that the Consideration
Shares are subject to a 24-month lock-up agreement as further described in the
prospectus dated 21 June 2019.

Following the share capital increase, the Company has a share capital of NOK
5,715,886.00 divided on 57,158,860 shares, each with a nominal value of NOK
0.10.
 
This information is subject to the disclosure requirements pursuant to the Oslo
Børs Continuing Obligations section 3.2.

Additional information
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 33
countries.  AqualisBraemar ASA operates under three distinct brands globally: 
 
•	AqualisBraemar: a leading adjusting, marine and offshore consultancy to the
energy, shipping and insurance industries. 
 
•	AqualisBraemar Yacht Services: a specialised marine consultant to the
superyacht market.

•	Offshore Wind Consultants: an independent consultancy to the offshore
renewables sector