Awilco LNG Secures 26 Million Euros Through Private Placement To Launch ALNG Trading in International Shipping News 09/03/2026 Awilco LNG ASA is pleased to announce that it has conditionally secured NOK 251.3 million, equivalent to approximately USD 26 million, in a private placement of new shares (the “Private Placement”) towards a limited group of existing shareholders and new investors. Awilco LNG also announces further progress on its previously announced strategic trading initiative through ALNG Trading AS (“ALNG Trading”), and adjusted terms to its existing saleleaseback agreements with China Development Bank Financial Leasing Co. Ltd. (“CDBL”). Jon Skule Storheill, CEO of Awilco LNG, comments: “We are excited to begin the transformation of Awilco LNG ASA from a pure LNG shipping company into a more integrated participant in the LNG value chain. With the launch of ALNG Trading, we are establishing a trading and structuring platform led by experienced commodity traders and financiers. Our vessels will support and complement these activities while benefitting from increased cargo access as the trading portfolio develops. Recent geopolitical developments confirm the potential for this combination. Through this equity raise, revised vessel lease terms, and the launch of the trading business, we have completed the first phase of the strategic development and look forward to building the platform together with our new and existing shareholders.” Company update; New strategic initiative and enhanced debt terms As previously announced, the Company has established ALNG Trading through a separate subsidiary of the Company. ALNG Trading is intended to be developed as a trading and structuring platform focused on originating and structuring LNG transactions, including solutions around credit, financing and portfolio optimization. The LNG trading initiative is intended to support the utilisation of the Company’s vessels, and potentially third-party vessels. The Company has negotiated an amendment to its financing arrangements with CDBL, which includes a two-year amortization holiday in exchange for a prepayment of USD 5.25 million per vessel and an increase in margin from 2.50% to 2.65% during the non-amortizing period. The amortization holiday significantly reduces the Company’s cash break-even from approximately USD 56,800 per day to approximately USD 39,000 per day on average over the next two years. Following the two-year period, amortization will return to original levels, with deferred principal to be amortized over years four and five. The Private Placement In order to fund the establishment and initial operations of ALNG Trading, to fund the required prepayments under facilities with CDBL, and to extend the Company’s liquidity runway, the board of directors of the Company (the “Board”) has conditionally resolved to raise new equity capital through the Private Placement, directed towards a limited group of existing shareholders and new investors, whereby 77,311,998 new shares (the “Offer Shares”) will be issued 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 is subject to approval by an extraordinary general meeting expected to be held on 30 March 2026 (the “EGM”). Notice of the EGM is expected to be distributed and published on 9 March 2026. The Board has made a conditional allocation of Offer