Result of offer from Siem Industries Inc. to buy bonds in SIOFF01 and SIOFF02
Reference is made to the offer letter from Siem Industries Inc. dated 31 March 2017 and the amended offer letter dated 11 April 2017
to the holders of bonds in SIOFF01 and SIOFF02. At the end of the acceptance period for the Offer, Siem Industries
Inc. had received acceptances for NOK 98 million par value of bonds in SIOFF01 and NOK 199 million par value of bonds in SIOFF02.
In accordance with the terms of the Offer all tendered Bonds will be purchased.
Settlement will take place Monday 24 April 2017.