Fred. Olsen Energy ASA: Report for the 3rd Quarter 2016

Regulatory News:

Fred. Olsen Energy ASA (OSE:FOE)

HIGHLIGHTS

Figures in USD

· Revenues were 214 million

· EBITDA was 119 million

· Impairment of 61 million

· Operating profit (EBIT) was negative 12 million

· Profit before tax was negative 30 million

· Earnings per share were negative 0.51

· Agreed final settlement of USD 176.4 million with Hyundai Heavy Industries regarding the cancellation of Bollsta Dolphin

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