AWILCO LNG ASA – Mandatory Notification of Trade and Disclosure of Large Shareholding – Private Placement

Oslo, 30 March 2026: Reference is made to the stock exchange announcement made by Awilco LNG ASA (the "Company") on 6 March 2026 regarding the private placement of 77,311,998 new shares (the "New Shares") at a subscription price of NOK 3.25 per share (the "Offer Price"), raising gross proceeds of approximately NOK 251.3 million, equivalent to approximately USD 26 million (the "Private Placement"), towards a limited group of existing shareholders and new investors. Reference is further made to the Company's stock exchange announcement earlier today regarding the resolution by the extraordinary general meeting of the Company to inter alia increase the share capital by NOK 7,731,199.80 by issuance of the New Shares in the Private Placement (the "Share Capital Increase").

Awilco AS, a close associate of Ole Christian Hvidsten (board member) and Jens-Julius Nygaard (board member), has been allocated and subscribed for 14,867,692 New Shares at the Offer Price in the Private Placement. Please see further details in the attached form.

The Share Capital Increase will result in an increase of the total issued shares and votes in the Company from 132,548,611 to 209,860,609.

Prior to registration of the Share Capital Increase with the Norwegian Register of Business Enterprises, Awilco AS holds 51,114,080 shares in the Company, which represents 38.56% of the issued shares and votes in the Company. Following registration of the Share Capital Increase and delivery of the New Shares to investors in the Private Placement, Awilco AS will hold 65,981,772 shares representing 31.44% of the issued shares and votes in the Company, thus passively falling below the 1/3 threshold pursuant to section 4-2 of the Norwegian Securities Trading Act. Awilco AS has no rights to further shares or votes in the Company.

Awilco AS is ultimately controlled by Awas Holding AS, which is in turn ultimately controlled by Bent Christian Wilhelmsen, Arne Alexander Wilhelmsen and Paweco Trust. None of the aforementioned or their affiliated parties have any additional rights to shares or votes in the Company.

For more information about the Private Placement, please refer to the Company's stock exchange announcements of 6 March 2026.

Fearnley Securities AS is acting as advisor and Wikborg Rein Advokatfirma AS is acting as legal counsel to the Company in the Private Placement.

For further information, please contact:

CEO Jon Skule Storheill Phone: +47 913 44 356

CFO Per Heiberg Phone: +47 952 20 264

This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation (EU) 596/2014 (MAR) article 19 number 3 and section 4-2 of the Norwegian Securities Trading Act.

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 owns two 2013 built 156,000 cbm TFDE membrane LNG vessels, WilForce and WilPride.