Aqualis’ annual report can be downloaded from www.newsweb.no and www.aqualisbraemar.com.

Aqualis Annual Report 2017

For further information, please contact:

Investors and financial media
Kim Boman, CFO, Aqualis ASA
Telephone: +47 95 96 39 12
Email: kim.boman@aqualis.no

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the global oil and gas, wind and solar sectors. The group employs experienced consultants in 19 offices in 14 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

Asker, Norway – April 12, 2018:

Aqualis ASA (“Aqualis”) will release its first quarter results for 2018 on Thursday, April 26, 2018 at approximately 06:00 am Central European Time (CET).

A presentation is scheduled the same day at 8:00 am CET at Kepler Cheuvreux / Swedbank’s office at Filipstad Brygge 1, 0120 Oslo, Norway. The event will be webcasted live and available for replay shortly after. To watch the webcast over the internet, please visit Aqualis’ website, www.aqualis.no, at least 10 minutes early to register and to download and install any necessary software.

The earnings release concerning the first quarter 2018 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

For further information, please contact:

Investors and financial media
Kim Boman, CFO, Aqualis ASA
Telephone: +47 95 96 39 12
Email: kim.boman@aqualis.no

Oslo, Norway – February 27, 2018

Key highlights

• Revenues of USD 8.9 million in Q4 2017 vs. USD 6.2 million in Q4 2016
• EBITDA of USD 0.7 million in Q4 2017 vs loss of USD 0.3 million in Q4 2016
• Adjusted EBIT of USD 0.6 million in Q4 2017 vs loss of USD 0.3 million in Q4 2016
• Impairment of goodwill and investment in associates of USD 6.9 million in Q4 2017
• Operating loss (EBIT) of USD 6.4 million in Q4 2017 vs loss of USD 1.0 million in Q4 2016
• Strong operational performance with billing ratio of 86 % in Q4 2017
• Continued solid HSE performance and no lost time incidents (LTIs) during the quarter
• Robust financial position with cash balance of USD 9.7 million
• The oil & gas market remains challenging but with increasing signs of recovery
• Activity in offshore wind market still remains high and new contracts have been secured
• ADLER Solar’s financial position is challenging and the economic outlook is uncertain
• Entry into rig inspection market using team of dedicated specialists
• Order backlog increased moderately to USD 8.9 million

David Wells, CEO of Aqualis ASA said:

“I am pleased that we, in challenging market conditions in the oil and gas sector, have turned around the business and achieved strong underlying results throughout 2017. Most of our entities have delivered robust results underpinned by strong operational performance and some solid new wins.

Our activity in the offshore wind sector remains very positive, given the highly competitive business environment in this sector. We have strengthened our market position and were able to take the first steps of expansion into North American operations.

The development in ADLER Solar has disappointed. The increased bidding activity experienced over the past couple of quarters have failed to materialize in sales as expected and losses have continued. The strategic initiatives and cost measures have not offset the fall in the activity level. Management’s and owners expectations have not been met and the economic outlook is challenging and uncertain.

Our view is that the upcycle has started, but it is likely to take some time for this to properly manifest itself through to increased activity in all regions/markets” says Mr. David Wells, CEO of Aqualis ASA.”

For more information, please see the attached fourth quarter 2017 report.

Morning program:
A presentation is scheduled the same day at 8:00 am CET at Carnegie’s office at Fjordalleen 16, 0250 Oslo.

The presentation, held in English, will be webcasted live and available for replay shortly after. To watch the webcast over the internet, please visit Aqualis’ website, www.aqualis.no, at least 10 minutes early to download and install any necessary software.

The earnings release concerning the fourth quarter 2017 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

For further information, please contact:

Investors and financial media
Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05,
Email: endre.johansen@corpcom.no

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

Oslo, Norway – February 13, 2018: Aqualis ASA (“Aqualis”) will release its fourth quarter results for 2017 on Tuesday, February 27, 2018 at approximately 06:00 am Central European Time (CET).

A presentation is scheduled the same day at 8:00 am CET at Carnegie’s office at Fjordalleen 16, 0250 Oslo, Norway. The event will be webcasted live and available for replay shortly after. To watch the webcast over the internet, please visit Aqualis’ website, www.aqualis.no, at least 10 minutes early to register and to download and install any necessary software.

The earnings release concerning the fourth quarter 2017 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

For further information, please contact:

Investors and financial media
Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05,
Email: endre.johansen@corpcom.no

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

Financial calendar for Aqualis ASA

FINANCIAL YEAR 2017
27.02.2018 – Quarterly Report – Q4

FINANCIAL YEAR 2018
26.04.2018 – Quarterly Report – Q1
20.07.2018 – Half-yearly Report
25.10.2018 – Quarterly Report – Q3

14.05.2018 – Annual General Meeting

The dates are subject to change.

For further information, please contact:

Kim Boman, CFO
+47 959 63 912
kim.boman@aqualis.no

This information is published pursuant to the requirements set out in the Continuing obligations.

Oslo, Norway – October 26, 2017

Key highlights

• Revenues of USD 7.3 million in Q3 2017 vs. USD 6.4 million Q3 2016
• High activity level maintained in a traditionally weak quarter
• Operating profit (EBIT) of USD 0.1 million in Q3 2017 vs. loss of USD 0.7 million in Q3 2016
• Billing ratio for technical staff of 83% in Q3 2017, on same level as in Q2 2017
• Improved cash balance of USD 9.8 million at the end of Q3 2017
• Order backlog of USD 8.5 million at the end of Q3 2017 vs USD 10.3 million at the end of Q2 2017
• Activity in offshore wind market still remains high and new contracts have been secured
• ADLER Solar increasing the bidding activity, but sales taking longer time to close
• Continued solid HSE performance and no lost time incidents (LTIs) during the quarter

David Wells, CEO of Aqualis ASA said:

“I am pleased that we, in challenging market conditions in the oil and gas sector, have achieved three consecutive quarters of positive operating profit. Most of our entities have delivered robust results underpinned by strong operational performance and important client wins.

The offshore wind sector remains active and highly competitive. We continue to leverage our growing reputation to strengthen our market position. We have managed to widen our global operations and won recently our first contract in the US market.

ADLER Solar has increased the bidding activity over the past months, but sales have taken longer time to close as the company is focusing on larger projects with longer lead times. The results are expected to improve in Q4 2017 and additional profitability measures have been and are being implemented to improve profitability.

There are indications that the oil and gas market may have bottomed out, but we still expect market conditions to remain challenging in 2017 and 2018. We have set up a good platform from which to rebuild, strengthen our business model and deliver excellent service to our customers” says Mr. David Wells, CEO of Aqualis ASA.”

For more information, please see the attached third quarter 2017 report.

Morning program:
A presentation is scheduled the same day at 8:00 am CET at Kepler Cheuvreux / Swedbank’s office at Filipstad Brygge 1, 0120 Oslo, Norway.

The presentation, held in English, will be webcasted live and available for replay shortly after. To watch the webcast over the internet, please visit Aqualis’ web site, www.aqualis.no, at least 10 minutes early to download and install any necessary software.

The earnings release concerning the third quarter 2017 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

For further information, please contact:

Investors and financial media
Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05,
Email: endre.johansen@corpcom.no.

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

Oslo, Norway – October 13, 2017: Aqualis ASA (“Aqualis”) will release its third quarter results for 2017 on Thursday, October 26, 2017 at approximately 07:00 am Central European Time (CET).

A presentation is scheduled the same day at 8:00 am CET at Kepler Cheuvreux / Swedbank’s office at Filipstad Brygge 1,
0120 Oslo, Norway. The event will be webcasted live and available for replay shortly after. To watch the webcast over the internet, please visit Aqualis’ web site, www.aqualis.no, at least 10 minutes early to register and to download and install any necessary software.

The earnings release concerning the third quarter 2017 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

For further information, please contact:

Investors and financial media:
Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05,
Email: endre.johansen@corpcom.no

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

CEO David Wells is scheduled to present at the Pareto Securities Oil & Offshore Conference in Oslo on Thursday, September 14.

A copy of the presentation is attached and can also be downloaded from Aqualis’ website under Investor Relations.

For further information, please contact:

Investors and financial media:
Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05,
Email: endre.johansen@corpcom.no

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

Oslo, Norway – July 21, 2017

Key highlights:

• Revenues of USD 7.3 million in Q2 2017 vs. USD 8.2 million Q2 2016
• Operating profit (EBIT) of USD 0.4 million in Q2 2017 vs. loss of USD 0.8 million in Q2 2016
• Billing ratio for technical staff of 83% in Q2 2017, up from 78% in Q1 2017
• Profitability measures took effect throughout the quarter
• Activity in offshore wind market remains high and new contracts have been secured
• Positive contribution from ADLER Solar as profitability measures are taking effect
• Order backlog at USD 10.3 million vs USD 10.0 million at the end of Q1 2017
• Cash balance of USD 8.9 million at the end of Q2 2017
• Continued solid HSE performance and no lost time incidents (LTIs) during the quarter

“We are delighted that we have been able to deliver a profitable quarter and positive figures for Q2 2017 and 1H 2017. It has been great team effort with many of our entities delivering strong performance. The result is underpinned by strong operational performance and the increased flexibility of our business model.

Our renewable businesses, Offshore Wind Consultants Ltd and ADLER Solar GmbH, have both delivered good performance. We will continue to identify market opportunities in the offshore wind sector to leverage our strong market position, brand name, skill base and global network. We expect more activity in the offshore wind market driven by increased demand as costs continue to fall.

ADLER Solar has taken steps to re-position its services to new market segments over the past year and implemented profitability measures to improve efficiencies. We are pleased that ADLER Solar delivers positive results in Q2 2017 and that the implemented profitability measures are taking effect. The company will need to take further measures to improve sales activity and increase the proportion of larger projects.

The oil and gas market is still challenging and expected to remain so for the rest of 2017. I am confident that we have a strong basis on which to continue to improve our business and deliver excellent service to our customers” says Mr David Wells, CEO of Aqualis ASA.

Aqualis ASA Q2 2017 report

Aqualis ASA Q2 2017 presentation

For further information, please contact:

Investors and financial media:
Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05,
Email: endre.johansen@corpcom.no

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.