Farstad Shipping ASA - Report 1Q 2012

Attached please find Report 1Q 2012. Farstad Shipping achieved an operating income of NOK 905.5 million for the 1st quarter. The operating profit (EBIT) was NOK 163.9 million. The profit after taxes was NOK 113.7 million. Contacts for further information: CEO Karl-Johan Bakken -    +47 901 05 697 CFO Torstein L. Stavseng -  +47 911 07 001 Farstad Shipping's fleet currently consists of 53 vessels (29 AHTS, 21 PSV and 3 SUBSEA) and 6 PSV and 4 AHTS under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2000 employees engaged onshore and offshore. The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry. The company maintains a long-term charter profile for the fleet. www.farstad.com This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Quarterly Report 1 2012: http://hugin.info/45/R/1612338/513171.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Farstad Shipping ASA via Thomson Reuters ONE [HUG#1612338]