Solvang ASA and partners have exercised an option for the construction of one further 84.000 cbm LPG carrier at Hyundai Heavy Industries, Korea. Together with the contract entered into in June 2011, the company have two sister vessels on order. The vessels are scheduled for delivery in Q3 and Q4 2013.

Solvang will be managing owner with 20% ownership in the last new building.

Stavanger 2nd of March 2012
Solvang ASA

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.