Solvang and partners have done a sale/leaseback transaction on "Clipper Harald" where the ship has been sold and chartered back on a 10 year bareboat charter. The sale gives an accounting profit of NOK 2.2 mill, and has a liquidity effect of NOK 26.5 mill for Solvang Group. The profit will be booked in the 3rd quarter 2012. Solvang had a 20 % ownership share in the ship, and has also a 20 % ownership share in the company which has the ship on bareboat.
Stavanger 23rd of July 2012
Solvang ASA
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.