Successful completion of tap issue and senior callable bond issue

Jacktel AS has successfully completed a tap issue of EUR 51 million in the 7.00 per cent Jacktel AS Senior Secured Callable Bond Issue 2014/2019 with ISIN NO 001 0714561 (“JACKT01”). The total nominal amount outstanding in JACKT01 following the tap issue will be
EUR 146 million.

Furthermore, Master Marine AS, the parent company of Jacktel AS, has successfully completed the issuance of a USD 81 million senior callable bond issue with maturity in July 2019. The net proceeds from the transactions will largely be used to finance the upgrade and preparation of the rig “Haven” for operations at Johan Sverdrup.

Pareto Securities acted as sole manager for the transactions.

For further information, please contact:

Bjørn Eie Henriksen
Chairman Jacktel AS and Master Marine AS
Cell: +47 941 30 432