"Far Shogun" (AHTS UT731CD) has today Thursday 28 January been delivered from
STX Norway Offshore AS, Langsten, to Farstad Supply AS, a wholly owned
subsidiary of Farstad Shipping ASA. The vessel will trade the spot market in the
North Sea.

A long-term facility of NOK 400 million has been drawn with Fortis Bank
(Nederland) N.V, Oslo Branch to finance the vessel.


Contacts:
CEO Karl-Johan Bakken - tel. +47 90 10 56 97
CFO Torstein Stavseng -   tel. +47 91 10 70 01



Farstad Shipping's fleet currently consists of 57 vessels (24 PSV, 30 AHTS and
3 SUBSEA) and 1 AHTS under construction at Norwegian yard. The company's
operations are run from Ålesund, Aberdeen, Melbourne, Singapore and Macaé by a
total of 1.700 employees onshore and offshore. The company's strategy is to be a
major international supplier of large, modern offshore service vessels to the
oil industry.  We also remain committed to solid long-term charter profile for
the fleet.

www.farstad.com <http://www.farstad.com/>


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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