HAMILTON, Bermuda, June 7, 2007 (PRIME NEWSWIRE) -- Golar LNG announces that it has sold its remaining 1 million Korea Line shares for net proceeds of approximately $95 million. Taken together with the sale of the shares announced in April 2007 the total consideration received from these sales is approximately $173 million, which represents a gain on the book value of the investment as at March 31, 2007 of approximately $65 million of $1.00 per share.
As a result of this transaction and taking into account the Company's good liquidity position, the Board has today declared an extraordinary dividend of $0.75 per share. The record date for the dividend will be June 18, 2007, ex dividend date will be June 14, 2007 and the dividend will be paid on or about July 3, 2007.
Golar LNG Limited June 6, 2007 Hamilton, Bermuda
Questions should be directed to:
Golar Management (UK) Ltd. Gary Smith, Chief Executive Officer Graham Robjohns, Chief Financial Officer +44 207 517 8600