The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today
reports unaudited results for the three months ending March 31, 2026.

HIGHLIGHTS  )
o	Awilco LNG reports a net loss of USD 6.4 million and loss per share of USD
0.05 in the first quarter of 2026, down from a net loss of USD 4.4 million and
of USD 0.03 per share in the fourth quarter of 2025
o	Net freight income of USD 6.2 million in first quarter of 2026, compared to
USD 6.9 million in fourth quarter of 2025
o	EBITDA in first quarter of 2026 ended at USD 0.9 million, down from USD 2.3
million in fourth quarter of 2025
o	Vessel utilization was 68% for first quarter of 2026, compared to 100% for
fourth quarter of 2025
o	Net TCE came in at USD 34,200 per day for first quarter of 2026, compared to
USD 37,600 per day for fourth quarter of 2025
o	In March the Company entered into an amendment to the financing agreements for
WilForce and WilPride whereby the Company has been granted relief in debt
amortisation through 2026 and 2027 in exchange for an increased margin from 250
bps to 265 bps and prepayment of USD 10.5 million in total. The financing will
resume ordinary amortization and margin in 2028, and the deferred amount will be
paid during 2029 and 2030
o	In March the Company raised NOK 251.6 million (approx. USD 26 million) in a
Private Placement at a subscription price of NOK 3.25 per share. The Private
Placement required an Extraordinary General Meeting, completed on March 30,
2026. Capital increase and Share issuance following the Private Placement was
done on April 13, 2026 and is not incorporated in the First Quarter 2026
Financial Statements
o	In March the Company announced that ALNG Trading is established and will be
developed as a trading and structuring platform focused on originating and
structuring LNG transactions, including solutions around credit, financing and
portfolio optimization
o	Following approval and publication of the Prospectus on May 8, 2026, the
Company initiated a Subsequent offering of up to NOK 46.3 million (approx. USD 5
million) at the price of NOK 3.25 per share to secure equal treatment of
existing shareholders prior to the Private Placement
o	In May the Company announced that Anders Onarheim will be proposed to be
elected Chairman of the Board of Directors at the upcoming AGM. In addition, Jon
Skule Storheill stepped down as CEO and Per Heiberg was appointed Interim CEO
pending the appointment of a successor



Per Heiberg, Interim Chief Executive Officer, commented:

"The war in the Middle East completely changed the LNG market in first quarter
2026. The market started the quarter on a weak note, but the outbreak of the war
created a significant disturbance in the market. Several vessels are stuck
inside the Strait of Hormuz and up to 20% of the world's LNG production are
unable to be transported to its receivers. Initially rates climbed to extreme
highs before coming off but they currently are higher than prior to the closure
of the Strait of Hormuz. Uncertainty about how long the situation will last
persist. For the Company the impact on first quarter results is limited, however
one of our vessels has since been fixed on a multi-month charter at improved
levels. The successful Private Placement of approximately USD 26 million will
enable us to provide funding of our LNG trading initiative, ALNG Trading."

Note on Alternative performance measures: Alternative performance measures are
defined and explained in the APM section of the Quarterly report.


Oslo, May 13, 2026
For further information please contact: 

Per Heiberg, Interim CEO / CFO
Phone: +47 952 20 264


About Awilco LNG ASA 
Awilco LNG is a Norwegian based LNG transportation provider, owning and
operating LNG vessels intended for international trade. The Company currently
own two 2013 built 156,000 cbm TFDE membrane LNG vessels, WilForce and WilPride.
mpany currently\
own two 2013 built 156\,000 cbm TFDE membrane LNG vessels\, WilForce and WilPride.\