Awilco Confirms Outsiders' Interest in Acquiring the Company

With reference to the media reports on May 30, Awilco Offshore confirms that a third party has expressed an interest in acquiring the company.

No agreement has been reached with the interested party, and Awilco Offshore has not permitted the third party to carry out anydue diligence. Awilco Offshore is not aware that any applications for any regulatory approvals have been made. Awilco Offshore will disclose information about any possible transaction in accordance with applicable requirements.

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