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Operating profit before depreciation (EBITDA) for the first 9 months was MNOK 360,1 compared to MNOK 416,1 including the gain of MNOK 50,5 for the same period last year. The freight income for the first 9 months was MNOK 725,2 compared to MNOK 710,8 for the same period last year.

"This has been a solid quarter for Eidesvik, were we are very satisfied with our operation. All vessels have performed very well with a utilization of 100%. We are satisfied with our solid contract coverage in 2015. Most of our vessels are secured very good contracts through a winter that we expect will be challenging for ship owners with vessels in the spot market", says Jan Fredrik Meling (CEO).

Profit for the 3rd quarter was MNOK -8,5 compared to MNOK 110,5 including the gain of MNOK 50,5 for the same period last year. In the 3rd quarter this year EIOF has accounted unrealized loss on currency changes and derivatives of MNOK -67,9, compared to a gain of MNOK 10,0 on these same items last year.

For the first nine months this year the profit was MNOK 22,3, compared to MNOK 109,0 including gain of MNOK 50,5 in 2013.

Attached is the 3rd quarter 2014 report and investor presentation.

Contact: CEO Jan Fredrik Meling, Phone: (+47) 91 67 51 19

Eidesvik Offshore ASA' operating profit before depreciation (EBITDA) for 3rd quarter 2014 was MNOK 147,6 compared to MNOK 189,9 for the same period last year. However last year result includes a gain of MNOK 50,5 from sale of the vessel Viking Forcados. Freight income was MNOK 259,1 compared to MNOK 249,9 for the same period last year.

Operating profit before depreciation (EBITDA) for the first 9 months was MNOK 360,1 compared to MNOK 416,1 including the gain of MNOK 50,5 for the same period last year. The freight income for the first 9 months was MNOK 725,2 compared to MNOK 710,8 for the same period last year.

"This has been a solid quarter for Eidesvik, were we are very satisfied with our operation. All vessels have performed very well with a utilization of 100%. We are satisfied with our solid contract coverage in 2015. Most of our vessels are secured very good contracts through a winter that we expect will be challenging for ship owners with vessels in the spot market", says Jan Fredrik Meling (CEO).

Profit for the 3rd quarter was MNOK -8,5 compared to MNOK 110,5 including the gain of MNOK 50,5 for the same period last year. In the 3rd quarter this year EIOF has accounted unrealized loss on currency changes and derivatives of MNOK -67,9, compared to a gain of MNOK 10,0 on these same items last year.

For the first nine months this year the profit was MNOK 22,3, compared to MNOK 109,0 including gain of MNOK 50,5 in 2013.

Attached is the 3rd quarter 2014 report and investor presentation.

Contact: CEO Jan Fredrik Meling, Phone: (+47) 91 67 51 19

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EIDESVIK OFFSHORE ASA / phone +47 53 44 80 00