Notice from Bondholders’ Meeting

Notice from Bondholders’ Meeting – FRN Klaveness Ship Holding AS
Senior Unsecured Bond Issue 2014/2020″ (ISIN NO 001070587.4) with ticker KSH02 PRO (the “Bond Issue” or the “Bonds”)

Reference is made to the stock exchange notice on 22  November 2016 concerning the summons to a bondholders’ meeting in the Bond issue to propose certain amendments to the Bond Agreement.

The bondholders’ meeting has now been held. There were sufficient bondholders present at the meeting to form a quorum. The proposed resolution obtained 100% of the votes, and the proposal was adopted according to the voting requirements of the Bond Agreement. The Bond Agreement will therefore be amended as set out in the summons to the meeting.

Furthermore, the Issuer shall, subject to the completion and full settlement of the New Bond Issue (as further described in the summons letter as of 22 November 2016), redeem the Bonds in full at 101.54% of par value, plus accrued and unpaid interest no later than 10 Business Days after the settlement date of the New Bond Issue. The Mandatory Redemption of the KSH02 PRO Bond Issue will be 9 December 2016. Record date will be 7 December 2016.

For further information, please contact:
Lasse Kristoffersen (CEO, Torvald Klaveness), Tel.  +47 22 52 62 38
Rebekka Glasser Herlofsen (CFO, Torvald Klaveness),  Tel. +47 22 52 64 41

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