Viking Supply Ships AS has received termination of contract for the AHTS “Brage Viking”.

Press release
Due to the market conditions, the contract for the Ice-class 1A AHTS “Brage
Viking” has been terminated.

According to the contract, the vessel will remain on-hire to mid-August 2016.
The termination represents a loss of income during the remaining firm period of
the contract of MUSD 33 in 2016 and 2017.

For further information please contact:

Christian W. Berg, CEO, ph. +45 41 77 83 80, e-mail
christian.berg@vikingsupply.com

Morten G. Aggvin, IR & Treasury Director, ph. +47 41 04 71 25, e-mail
ir@vikingsupply.com

Viking Supply Ships AB (publ) is a Swedish company with headquarter in
Gothenburg, Sweden. Viking Supply Ships A/S is a subsidiary of Viking Supply
Ships AB (publ). In addition Viking Supply Ships AB (publ) has the subsidiary
TransAtlantic AB. The operations are focused on offshore and icebreaking
primarily in Arctic and subarctic areas as well as on RoRo and container feeder
services mainly between the Baltic Sea and the Continent. The company has in
total about 800 employees and the turnover in 2014 was MSEK 3,190. The company’s
B-shares are listed on the NASDAQ Stockholm, Small Cap segment. For further
information, please visit: www.vikingsupply.com

Viking Supply Ships AB is obliged to make this information public according to
the Financial Markets Act and/or the Financial Instruments Trading Act (Sw:
lagen om värdepappersmarknaden and lagen om handel med finansiella instrument).
Viking Supply Ships A/S is obliged to make this information public according to
the agreement with the bond holders in VSS01, listed on Nordic ABM at Oslo Stock
Exchange. The information was submitted for publication on December 17th, 2015
at 10:30 am.